What Are Some Myths About Opening a Restaurant Franchise and How Do We Bust Them?
Did you know there are over 750,000 franchise businesses in the United States? People open franchises because the model comes with many benefits not available when starting a business from scratch — and opening a restaurant franchise with Golden Chick is no different! But while millions of people shop at franchises, eat at franchises, and live near them, there are some myths about doing business as a franchisee that might discourage someone from taking advantage of a Golden Chick opportunity to open a restaurant franchise. Let’s take a look at three of those myths here — and bust them!
It’s Too Risky
Starting any business carries with it a certain amount of risk. But franchises are statistically less risky endeavors because of all the effort the franchisor has invested in them. Kinks have been worked out, best practices have been put in place, and the business model acts as a sort of roadmap for franchisees to follow, taking a lot of the guesswork out of day-to-day operations.
Of course, no brand can guarantee a franchisee’s ultimate success. But when you partner with Golden Chick to open a restaurant franchise, you’ll be able to leverage our decades of experience and our deep knowledge of the quick-service restaurant (QSR) industry. Having access to our expertise and resources takes a lot of the work and worry out of starting your restaurant, freeing you up to focus on customer service and growth!
You Need Industry Experience
Many potential franchisees believe that to be successful, they need a background in the industry they’d like to do business in. But because we require a new franchisee to hire a seasoned QSR General Manager, partnering with Golden Chick makes past industry experience unnecessary! Our franchisees come from all walks of life and with a spectrum of skills, some with a background in the QSR industry, but many without. All of them, however, can rely on our comprehensive pre-opening training and ongoing support to not only prepare them to leverage our business model to the fullest but keep them on track toward growth.
We know starting out and staying on solid footing is key to your success, and we don’t leave that up to chance. Our brand has been a recognized and respected one for over 50 years, and that’s due in large part to the hard work of our franchisees and the support we show them for the life of their business.
You Won’t Have Freedom
A common myth about the franchisor/franchisee relationship is that you won’t be allowed to run things on your own. Actually, nothing could be further from the truth! While all franchise brands do have specific recipes, guidelines, and procedures that franchisees must follow (it’s what takes so much of the guesswork out of running your business), the fact is, when it comes to opening a restaurant franchise with Golden Chick, our business model allows for a lot of individuality. Among other things, you’ll decide who to hire, how you want to structure your time at your restaurant, and how you can engage your local community to become a valued business partner thru proven programs that build goodwill and profitable sales.
Best of all, our franchisees often find once they’ve established their restaurants, they’re able to strike a better work/life balance, one that allows them more time with family and friends. The bottom line is that relying on our franchisees to make important decisions on their own and run their businesses without interference contributes to our brand’s overall success.
Would you like to find out more about opening a restaurant franchise with Golden Chick? We’d love to hear from you, so get in touch today!
