4 Answers to the Most Common FAQs about Owning Restaurant Franchises

When individuals are investigating their opportunities for owning any number of restaurant franchises, a similar list of questions is always bound to come up.

We encourage all prospective franchise owners to do their research and ensure that all their questions have been answered before making decisions to move forward with a franchising decision. Keep reading for our answers to come commonly asked questions about owning restaurant franchises.

Topics of Discussion

• Why Should I Own a Restaurant Franchise?
• How Much Do Restaurant Franchises Cost?
• Can I Finance My Restaurant Franchise?
• Traits of a Successful Franchisee?

1. When you take a look at all of your options for investment or growing a business, owning a franchise has its unique benefits. Furthermore, owning restaurant franchises has even more distinct benefits. Owners of restaurant franchises can tap into a streamlined system that works, as opposed to those who may wish to start an independent business. Restaurant franchise owners also benefit from the continuous support of the brand.

2. The cost will differ depending on the specific franchise you’re looking at. A Hot Dog on a Stick franchise has an initial franchise fee of $30,000. On top of this fee, prospective franchise owners will need to pay other varying costs related to location, store build out costs, and the like. Each franchisee will also need to pay regular royalties to the franchising brand. In the case of Hot Dog on a Stick, the royalties are six percent of gross sales minus sales tax.

3. In many cases, the franchising brand will have one or more financing partners for prospective franchisees. Many commercial banks will provide financing to franchises as well. In order to qualify for financing, lenders will need proof that your credit rating is satisfactory. This will require a complete loan package, which includes a personal financial statement, three years of personal tax return copies, and a verification of your down payment source.

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Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.