Now is a great time to open a sandwich shop of your own. The quick-service restaurant (QSR) industry was estimated to be worth approximately $257 billion in 2019 and is growing at around 5% per year. People love the convenience that restaurants like Jon Smith Subs have to offer, which is why new QSRs are opening in communities everywhere. Furthermore, running your own business is a great way to take control of your career! Partnering with the right franchisor can make or break that dream. Here, find a few tips on what you should look for when choosing a franchisor.
Open a Sandwich Shop with a Franchisor Who Meets These Criteria
1. A Proven Track Record
There are lots of great new franchisors entering the market, and many of them with great potential. However, if you’re going to be investing in a new business and changing your life, you’ll want to be able to take a look at their track record. Have they worked with other franchisees? How have those franchisees performed? Those are important questions to ask before you open a sandwich shop.
One of the great things about partnering with Jon Smith Subs is that not only do we have nearly 35 years of experience, but we’re also a part of United Franchise Group – a franchising giant that’s opened over 1,600 franchises in 80+ countries! Few franchisors can match that level of expertise.
2. A Clear Investment Breakdown
All franchisors are required to provide you with a breakdown of your initial investment. You’ll want to be sure that: a) it makes sense to you, and b) you’ll be able to afford it. No one can guarantee exactly how much it will cost to open a sandwich shop, and there are many variables to consider. Still, your franchisor should be upfront about the costs and what you should expect.
Find the basics on our investment on our website – it starts at around $300K!
3. Comprehensive Training and Support
Another great benefit of franchising, rather than going it alone, is the training and support you can expect to receive from your franchisor. However, not all franchisors are created equal in this regard. Some franchisors provide only minimal training and then basically cut franchisees loose.
You’ll want to find a franchisor that has support systems built into every stage of your business – not just in the pre-opening stage. Marketing support, business coaching, and on-the-job training are a few hallmarks of a franchisor with a dedication to promoting your long-term success. Incidentally, Jon Smith Subs offers all of this and more!
We hope that these tips are helpful as you seek out your future franchisor. While many franchisors put information like this on their websites, requesting a meeting is a great way to get the complete answers to all of your questions.
Contact Jon Smith Subs today to learn more about what to expect when you open a sandwich shop with our team.