Thursday, 8 March 2018

Significant things to consider before starting food franchise



Food franchise business will always remain profitable and in demand owing to fast-paced lifestyle and growing expectation of consumers. When starting new food business it is critical to choose the best product as there are number of brands already developed strong relationship with customers. In addition, you can also hire any professional consultant that provide assistance in right brand selection, evaluate whether the franchise opportunity you would choose give profits in future or not. In order to get instantaneous popularity, some people focus on franchised business because they will get ready-to-operate business models that can generate revenue easily. For example, many well-recognized food brands have established amazing reputation throughout the globe. Now problem is that how you can nurture franchised business and what strategies will be effective. With wide ranging golgapa, chaats & bhel and other savoury, yummy and healthiest snacks, Chatar Patar has built tremendous franchise network across various Indian states. Here are few things that you should implement to become success in food franchise sector:
1.     Self-evaluation: As a franchisee you will get support from franchisor to manage and run food restaurant effectively. You simply can’t depend on franchisor for everything so study complete business model and then analysis your own ability to run existing model successfully in your preferred location.

2.     Ensure uniqueness of business model: To become established player you will need unique business model because there are situations when a concept get extreme success in one market or might fail in other location. For instance, Chatar Patar’s business model is not only region specific but it can be replicated in competitive marketplace without any problem. The brand stress importance of standard operating procedures, high quality menu and marketing for consistent success.

3.     Look for infrastructure: Even though food franchise sector is facing challenges due to on-going demand of customers. Constant increasing price of raw materials, entry of dozens of new brands and evolving consumer taste and preference create problems for franchisor as well hence before signing legal agreement checkout franchise systems and its infrastructure level.

4.     Be ready for competition: India is largest consumer market because of these several global brands are targeting local marketplace, bring products which makes young consumer happy and satisfied. As a franchisee, be preparing for intense competition and do focus on innovations.

5.     Customer services: Try to provide the effective guest experience, people want to spend money but in return they expect high quality services and world-class business models.

Chatar Patar has outstanding experience of franchising, with presence in 20+ states you could imagine a successful food service career. An initial investment of 6 to 20 lakh is required, a royalty of 4 to 5% (low as compared to other brands) and brand provide help in every single step. So all you need to do is proper research and strategies to take your business to next level.

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