Are you ready to explore the new growth possibilities of a restaurant business? Looking to own franchising of a restaurant is the best move towards that. There is a bundle of benefits that you get with such a franchise opportunity. It covers quick setup and could generate notable profit figures. Let this guide help you walk through the steps of how to start your restaurant franchise.
Restaurant Industry Market
Without any doubt, the restaurant industry is one of the fastest-growing markets in India. Surveys indicate that the restaurant industry is forecasted to have a growth rate of 9% per annum. Let us look into some of the most popular segments in the restaurant industry.
- Quick Service Restaurants (QSRs)
- Cafe and Bakeries
- Home Delivery and Takeaway Services
- Casual Dining Restaurants
- Fine Dining Restaurants
- Food Courts
Steps To Start Your Restaurant Franchise
1. Analyses your needs
Dig deep into your needs of the area and this helps you make a fine choice with the location. Think about all the choices listed above and decide which kind of segment suits you.
2. Right location
Your success is mostly determined by the location that you choose. Hence, gain the right idea of the location that you have chosen and ensure it is closer to your target customers. Also consider competitors, accessibility of the location, rent and operating costs, and all other basic amenities.
3. Look into franchise requirements
Once you are good with your needs and selected the location, it is a sign of contacting the franchise consultant. Franchising is a little complex task and it needs the right planning and execution. To help you start with all crucial aspects of a franchise including franchise legal, feasibility study, and running it successfully, the assistance of a franchise consultant goes far beyond.
4. Build your menu
Deciding and designing the menu of the restaurant is a crucial part of your business. Tasty, appealing, and diverse menu choices make you noticeable among the chain of restaurants in the market. Consider the important things such as seasonal offerings, taste and preferences of customers, pricing, and food serving while deciding on the menu.
5. Work on the legal documents for the franchise
It is very important that your restaurant franchise is compliant with all necessary franchise legal, hygiene, and public rules. Having a franchise legal expert by your side is always appreciable and consulting a franchise consultant is the best out of any choices available. He will review the paperwork and make sure that you are compliant with all the terms, and conditions, and tune into your fine print when you are in doubt.
Some of the essential licenses and documents needed to start your restaurant franchise in India include:
- GST (Goods and Services Tax) registration
- Trade license
- Fire safety certificate
- Health trade license
- Shop and Establishment Act registration
Get started today
Starting a restaurant franchise can be challenging, but not when you have a professional franchise consultant along with you. The right restaurant franchise services can progress your growth and ensure steady profits.