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What was the first restaurant franchise in America?
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Some people might think the first Chinese restaurant was in New York, but an Internet search found several sources that say the first ones were opened in California during… the Gold Rush. san francisco
Yes Checkers does in fact franchise, they are expanding mostly East of the Mississippi river and are now growing very heavily in the NY market. Checkers is a great opportunity… to get involved with a beloved and growing brand as a franchisee.
It depends on the location, the palatability of the product, and the popularity of your restaurant Franchise. A good way would be to look for any similar businesses that are… trading publicly, then make comparisons by their value. For example, you would look at the "p/e" (market value of the company divided by the earnings) of the company, say McDonald's for instance as shown here at Yahoo! Finance: http://finance.yahoo.com/q?s=MCD. As of 09-21-2010, the P/E value of McDonald's is "17.12". Multiply this number by the earnings of your company. So if your company grosses $1 million dollars annually, the value of it would be $17 million. This is just a sample. You'd need to do research on a lot of restaurants, and find the ones that are most similar to yours. What you should also know is that when competitors want to buy out a company, they often pay more than the current market value in order to allure the owners into selling, but when the owners want to sell the company, they often sell for less, justifiably the natural way of supply & demand. You can find a list of food franchise opportunities, as well as Franchises from other industries that may be adjacent to your Business under related links below.
Terry Fraley & Bob Pope started "The First Chicken Salad Restaurant in America" in 1994. It is called "Joe's". Joe's is located in Portsmouth Va.
Hotdogs Goloure - Mexico 1993
To start your own restaurant franchise, you will need to first note that you will have to invest a lot of money into your franchise. Then you can purchase part of an already e…xisting franchise to start off.
There are many franchise opportunities open to those looking to start their own business but the first thing to look into is the market you are looking to open in. Both Blimpi…e Subs & Salads and Burger King will offer you great start up potential but you should make sure the area your looking into doesn't already have either in the area.
Finding opportunities in restaurant franchises is easier said than done . You must have a business degree or some type of experience to even get you started to even thinking a…bout owning your own restaurant or franchising with another restaurant.
Once you know how much money you have available and what franchises might be best for your business site, there are several ways to find restaurant franchise opportunities. Fo…r instance, you might find franchisors with websites that advise you of opportunities. Franchise expositions are also a great resource, as well as professionals that specialize in finding the right franchise company for you.
Fast food chains tend to advertise more often than casual or upscale dining establishments. McDonald's, the largest fast food chain in the world, maintains an extensive advert…ising campaign, including numerous television ads.
If someone sets up a restaurant franchise they are most benefited by being able to be their own boss. A great benefit of someone setting up a franchise, is they are in charge …of there own money and income as well. Young people are seeing franchising as a very feasible business opportunity and career path. They are in charge of their own destiny. For most, these are the best benefits of setting up restaurant franchises.
Some of the top restaurant franchises in the USA include Olive Garden, Denny's, Wendy's, Applebee's and Chick-Fil-A. McDonalds and Subway are also popular.
Cheap restaurant franchises can be located online at sites like restaurantfranchise and franchisehlep. There are also other sites with this information on. If this is a new bu…siness venture it may be prudent to speak to someone at Citizens Advice Bureau initially.
The Benefits for setting up arestaurant franchisee are: 1. Tried & tested : Generally restaurant concept is alreadytried & tested , so there is lesser risk of the concept to …failon the restaurateur's part . 2. Market positioning : Since the franchisedbrand& is not a new one is already having its restaurant in themarket so there is less efforts on the part of running activititeto position the brand, however few local marketing is neededinitially to attract the footfalls. 3. Sales benchmarking : The benchmark for the salesis already set up & this makes easy on the part for a newrestaurateur to have know how much sales is needed or generated . 4. Support from the franchisor : Franchisor mostly provides thesupport for marketing activities , Staffing & Training , sothere is not much of burden alone on the owner's end. 5. Identification of location Agreement & Help insite inspection : The franchisor also supports in selection ofthe site & looks in to the relevant agreements ,so this helpsfor the new restaurateur who are unaware about the agreement terms& knowledge about the site. 6. Maintenance of Inventory & billing : There is awell maintained support system for billing & process forMaintaining the inventory , as this practice generally tends to besimilar for all the franchised restaurants . 7. Negotiated Annual Rate & Contracts : Due to thepresence of the brand the restaurateur generally gets a goodnegotiated deals on the inventory or deals .