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How to Know If You’re Ready to Franchise
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Franchising isn’t for every restaurant. Lauren Fernandez explains the ethical and financial standards that must be in place before you even consider it.
Takeaways:
- Validate your model with multiple profitable locations first
- Prove consistency in both sales and operational performance
- Avoid franchising if your business isn’t reliably cash-flow positive
Want to connect directly with industry thought leaders like today’s guest? MAJC has built a community of hospitality professionals, where insights and tools help drive sustainable, profitable businesses. To get early access to the MAJC community, sign up at www.MAJC.ai.
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