You've probably heard more than once that franchise...
Every franchise opportunity you evaluate will have its own nuances, and that's certainly true of brands operating in the restaurant space. Before you sign any franchise agreement in this industry, here's a look at what is potentially on the menu.
Real estate is a pretty crucial component for the establishment of any restaurant franchise in Canada, and it can be complex. The disclosure for real estate should be part of the franchise disclosure document you received, but there are still some other questions you might need to ask.
Your proximity to other locations of the same brand are also an area of concern. Find out whether there is any type of territory protection when it comes to other franchisees with the same brand setting up shop near you. A competing location nearby under the same banner is very likely to eat into your market, so it's something you need to consider.
Beyond location and the actual building, there are things you need to consider when it comes to how you operate. As with real estate, your disclosure document should outline operational considerations, and you can also ask the franchisor for clarification on areas like the ones below.
Evaluate your restaurant franchise opportunity from all the angles, including the nuances in the industry, so that you are making a fully informed decision about your investment before you sign any type of formal agreement. If you're not comfortable with some of the answers you receive to the questions above, it's time to move on to the next potential brand.