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Hypothetical New Franchise
Posted on 12/18/10 at 4:28 pm
Posted on 12/18/10 at 4:28 pm
If you were going to open a new location of an existing franchise restaurant, what would it be? Take into consideration the cost/value, return on investment, and lifestyle (sandwich shop might close earlier and require fewer hours than a place with a bar).
This post was edited on 12/18/10 at 4:35 pm
Posted on 12/18/10 at 4:30 pm to Jax-Tiger
Are you in Jacksonville, or you talking about BR?
This post was edited on 12/18/10 at 4:31 pm
Posted on 12/18/10 at 4:31 pm to fastedLSU
I'm in Jacksonville, but it's a franchise - can be started anywhere.
Posted on 12/18/10 at 4:31 pm to fastedLSU
And what do you mean by NEW franchise restaurant?
Posted on 12/18/10 at 4:32 pm to fastedLSU
Are you talking about starting a NEW restaurant, then plan on franchising later?
Posted on 12/18/10 at 4:32 pm to fastedLSU
Open a franchise location of an existing chain. It could be McDonalds, Popeyes, Copelands, Papa Murphys, etc...
This post was edited on 12/18/10 at 4:34 pm
Posted on 12/18/10 at 4:35 pm to Jax-Tiger
Likely one of those salad places. I actually think a few are about to open in BR and New Orleans. Low overhead, not many employees required, people will continue to trend towards healthier stuff I believe, and you can still do enough things with it to not be boring.
Posted on 12/18/10 at 4:35 pm to Jax-Tiger
Evo's....got really close to signing the papers and opening one in BR.
This post was edited on 12/18/10 at 4:36 pm
Posted on 12/18/10 at 4:36 pm to Jax-Tiger
a flying saucer in the warehouse district of NOLA
Posted on 12/18/10 at 5:25 pm to Jax-Tiger
Personally, I think Papa Murphys is a good choice. You don't need a whole lot of equipment or employees with special skills. Start up costs would be relatively low, I would think. And I wouldn't be giving up all my weekends and holidays to operate it...
Posted on 12/18/10 at 5:26 pm to Jax-Tiger
I disagree. I think it's a bad idea actually and have never fully understood the point.
Posted on 12/18/10 at 5:28 pm to 4LSU2
I understand that it can be started anywhere, but you have to look at the surronding market. Not only bc different regions have different pallets(sp) but also bc of the overcrowding of franchising today.
First off you have to decide what kind of commitment you are going to put into it and THEN make your choice. This is very important. What kind of investment are you willing to make is also important. Right now their are franchises in BR that you can get a hold of for under $50K but on the flipside single unit franchises can be upwards of $1-5 mil for the initial investment.
Are we talking Roly Poly type shite or a sit down restaurant?
First off you have to decide what kind of commitment you are going to put into it and THEN make your choice. This is very important. What kind of investment are you willing to make is also important. Right now their are franchises in BR that you can get a hold of for under $50K but on the flipside single unit franchises can be upwards of $1-5 mil for the initial investment.
Are we talking Roly Poly type shite or a sit down restaurant?
Posted on 12/18/10 at 6:13 pm to fastedLSU
quote:
Are we talking Roly Poly type shite or a sit down restaurant?
Either. I am interested in people's thoughts as to why they would open up a particular franchise. I have thought about starting a franchise and understand the time and commitment necessary. Some franchises would require a more structured schedule after the initial startup process. A sandwich shop would not require a commitment of late nights, weekends, and holidays forever. The downside is that it may not be as "fun" and may have a lower return on the investment.
Posted on 12/18/10 at 6:21 pm to Jax-Tiger
CCs or PJs in Shreveport. in a city of 300,000 there needs to be SOMETHING other than Starbucks.
Posted on 12/18/10 at 6:23 pm to Jax-Tiger
chili's, those places are always packed. or Santa Fe Cattle Co. the one in hammond is always slammed
Posted on 12/18/10 at 6:25 pm to Jax-Tiger
quote:But "where" has everything to do with it. It's why Academy, for example, asks for you zip code. They do analysis breakdowns for future store locations...or not, by tracking this info.
I'm in Jacksonville, but it's a franchise - can be started anywhere.
Posted on 12/18/10 at 6:28 pm to Jax-Tiger
Easy answer. "Cocktails and Dreams".
Posted on 12/18/10 at 6:34 pm to Geauxtiga
quote:
But "where" has everything to do with it
But this is hypothetical and the answer is different for everyone. I'm not asking "where". Obviously, You can't start a McDonald's anywhere, and other chains may be regional, etc.
Posted on 12/18/10 at 6:38 pm to Jax-Tiger
quote:
Either. I am interested in people's thoughts as to why they would open up a particular franchise. I have thought about starting a franchise and understand the time and commitment necessary. Some franchises would require a more structured schedule after the initial startup process. A sandwich shop would not require a commitment of late nights, weekends, and holidays forever. The downside is that it may not be as "fun" and may have a lower return on the investment.
The I would look at this purly as an investment no matter how much you're putting into it. The service industry is rarely "fun" for an owner unless it's very est. and has been operating in that current location for 2+ yrs..
With that said . . .
1. Mexican (in general) - routinely low food costs. Mexican res. can withstand almost any variable if the food is good. People also associate mexican food with margaritas which is pure gold for most establishments. They hit the customer for $8+ for 2 ritas when their meal was only $20. For those 2 reasons alone mexican would be my first choice.
I haven't see to many mexican restaurants in the areas of FL Iv'e been to. That could be bad/good.
2. Do what's hot right now. Seriously. Healthy is in right now. Someone mentioned Evo's earlier. Places like this you can get into for relatively cheap and still be competitive. What's the yogurt biz doing in Jacksonville right now? The self serve stores are on the rise around here.
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