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Hypothetical New Franchise

Posted on 12/18/10 at 4:28 pm
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24923 posts
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 by fastedLSU
BR
Member since Sep 2007
4477 posts
Posted on 12/18/10 at 4:30 pm to
Are you in Jacksonville, or you talking about BR?
This post was edited on 12/18/10 at 4:31 pm
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24923 posts
Posted on 12/18/10 at 4:31 pm to
I'm in Jacksonville, but it's a franchise - can be started anywhere.
Posted by fastedLSU
BR
Member since Sep 2007
4477 posts
Posted on 12/18/10 at 4:31 pm to
And what do you mean by NEW franchise restaurant?
Posted by fastedLSU
BR
Member since Sep 2007
4477 posts
Posted on 12/18/10 at 4:32 pm to
Are you talking about starting a NEW restaurant, then plan on franchising later?
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24923 posts
Posted on 12/18/10 at 4:32 pm to
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 by Tiger Authority
Member since Jul 2007
29476 posts
Posted on 12/18/10 at 4:35 pm to
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 by bossflossjr
The Great State of Louisiana
Member since Sep 2005
12262 posts
Posted on 12/18/10 at 4:35 pm to
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 by Rouge
Floston Paradise
Member since Oct 2004
136948 posts
Posted on 12/18/10 at 4:36 pm to
a flying saucer in the warehouse district of NOLA
Posted by 4LSU2
Member since Dec 2009
37384 posts
Posted on 12/18/10 at 4:39 pm to
Coyote Blues FTW.
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24923 posts
Posted on 12/18/10 at 5:25 pm to
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 by Tiger Authority
Member since Jul 2007
29476 posts
Posted on 12/18/10 at 5:26 pm to
I disagree. I think it's a bad idea actually and have never fully understood the point.
Posted by fastedLSU
BR
Member since Sep 2007
4477 posts
Posted on 12/18/10 at 5:28 pm to
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?

Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24923 posts
Posted on 12/18/10 at 6:13 pm to
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 by Rohan2Reed
Member since Nov 2003
75674 posts
Posted on 12/18/10 at 6:21 pm to
CCs or PJs in Shreveport. in a city of 300,000 there needs to be SOMETHING other than Starbucks.
Posted by Hermit Crab
Under the Sea
Member since Nov 2008
7192 posts
Posted on 12/18/10 at 6:23 pm to
chili's, those places are always packed. or Santa Fe Cattle Co. the one in hammond is always slammed
Posted by Geauxtiga
No man's land
Member since Jan 2008
34377 posts
Posted on 12/18/10 at 6:25 pm to
quote:

I'm in Jacksonville, but it's a franchise - can be started anywhere.
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.
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
116247 posts
Posted on 12/18/10 at 6:28 pm to
Easy answer. "Cocktails and Dreams".
Posted by Jax-Tiger
Port Saint Lucie, FL
Member since Jan 2005
24923 posts
Posted on 12/18/10 at 6:34 pm to
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 by fastedLSU
BR
Member since Sep 2007
4477 posts
Posted on 12/18/10 at 6:38 pm to
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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