restaurant business

April 10, 2019

Buying a Restaurant Franchise

There are many different types of business format franchises, but when most people think of a franchise business, their first thought is of food. The success and growth of the many big brand-name fast-food franchises makes this a logical first stop in the thinking process. When evaluating restaurant franchises, you must focus on the characteristics of the business from a franchisee’s perspective to determine whether this industry is the right one for you. There are some wonderful advantages to having a food business, but there are also some challenges you need to be aware of before proceeding in this industry. In assessing a food business, the main advantages are typically considered to be: Built-in Demand. Consumers have been trained to […]
April 24, 2018

Guide to Buying a Restaurant

Whether you have your heart set on buying a five star restaurant, cafe, pub, or simply a food van, the challenges, risks and rewards of opening your own food venture can be immense. To speak in the vernacular of the foodie — success lies in implementing a fool-proof recipe. Get the perfect combination of quality ingredients, spend time on your preparation, planning and due diligence and you have positioned yourself well on the path to achieving the realisation of your dreams. With social and economic shifts influencing consumer spending, the resultant effect is driving a consumer demand for high quality dining experiences. The cafe and coffee shop industry alone is expected to top $8 billion dollars in revenue in the […]