Fast casual franchise restaurants make life easier for restaurateurs. If you’re already running a restaurant, chances are you’ve worked hard to start your business and to keep it running smoothly. Many restaurant owners love the idea of converting their independent businesses into franchise locations because of the streamlined operations and ongoing support franchises enjoy. If you’re running a small restaurant, why not convert to a fast casual franchise with Jon Smith Subs? If you’re thinking of making the switch, here are a few important steps in the process for your consideration.
1. Evaluate Your Current Systems
How well is your restaurant currently running? Is it easy for you to manage bookkeeping considerations such as schedules, salaries, and inventory? When you franchise with Jon Smith Subs, you’ll implement the policies and procedures that we’ve spent years fine-tuning. If your current systems are inefficient or could stand to be improved, you may stand to benefit from converting your restaurant to a Jon Smith Subs franchise.
2. Make a List of Goals
What is it that you hope to gain by converting your restaurant to a fast casual franchise? Make a list of things you’d like to see when you make the switch. Some popular goals among new franchisees include having more free time, being able to delegate responsibility, and having a support system to rely on.
3. Get in Touch
Contact us and let us know that you’re interested in converting to a fast casual franchise restaurant. Refer to your list of goals and let us know what it is you’d like to get out of franchising with us. Likewise, we’ll tell you more about Jon Smith Subs and what qualities we look for in our franchisees. We’ll take this opportunity to get to know each other and to mutually decide if we would be a good match.
4. Review FDD and Sign Agreement
While we run a background check to learn more about your financial qualifications, you’ll have the chance to review our franchise disclosure document to learn all of the ins and outs of our business. If everything is agreeable to both parties, you’ll sign a franchise agreement and officially become a franchisee!
Once you’ve signed the agreement, your journey is just beginning. You’ll take part in our comprehensive training program, and enjoy the ongoing support of our experts as you work to convert your existing restaurant into a Jon Smith Subs fast casual franchise.
Why wait to get started? Contact us today to learn more about converting your restaurant!
Providing Franchisees with the Best Chances of Success
Starting a business tends to be a high-risk, high-reward process, with sandwich shops being no exception to this rule. As a result, people who want to provide their sandwich shops with the best chance of success will put considerable amounts of time and effort into examining the costs of starting one. After all, insufficient resources are one of the most common reasons for businesses going bankrupt—meaning that entrepreneurs must make sure that they have enough to survive the challenges standing in their way.
However, when you compare the costs to starting a business from scratch vs. investing in a franchise, there is a huge difference. Consider the costs below that you should take into consideration when investing in a sandwich shop franchise.
What Are the Costs to Account for When Opening a Sandwich Shop?
Here are some examples of the costs to account for when opening a sandwich shop franchise:
- The cost of the space that will be used to host the sandwich shop is one of the first expenses that a business owner should consider, because they cannot open their franchise without it. There are numerous methods one can use to reduce this cost—such as renting or reducing the size of the location—but at the end of the day, this expense is not something that people who want to start a sandwich shop can avoid.
- Next, entrepreneurs should think about the costs for direct labor and materials used in the production of sandwiches and other products on their menu. These costs are recurring in nature, and they can change as consumers become either more or less interested in the business’s products and services—meaning that they need even more care and consideration to manage.
- Overhead is another important group of expenses that needs serious consideration. These are the business expenses that keep revenue-earning operations running—meaning that they encompass everything from the cost of utilities to the cost of marketing. Though, one of the perks of opening a franchise vs. starting a business from scratch is the marketing plans available to franchisees. That alone can save a lot of money!
- It is important to note that sandwich shops need more than just a location, since there are a lot of tools and machines involved in the process of making sandwiches and other products on their menus. Unlike overhead, most of these costs will be occasional events rather than regular occurrences, which should come as some consolation to entrepreneurs who will have to pay for them. Naturally, there are ways to either minimize them or at least make them more manageable, with leasing being an excellent example of the latter.
Fortunately, those who dream of owning a sandwich shop should know that none of these problems are insurmountable, as demonstrated by the many successful entrepreneurs who manage to make it on a regular basis. However, overcoming such issues will take serious time, effort, and other resources.
Those who want to maximize their chance of success should make sure to contact a franchise such as Jon Smith Subs, which can provide them with an established brand as well as expertise with a wide range of business matters—all of which will serve to bring their entrepreneurial dreams that much closer to reality. When opening a sandwich shop, franchising could be your best bet!