The fast food burger industry has proven quite instructive. By all accounts when considering a mature market with well entrenched competitors such as McDonalds and Wendy's‚ conventional thinking would dictate against new competitors and franchisors entering this market. However – as with many things in life – there are no constants and there is always room for improvement. Enter 5 Guys Burgers (a favorite of mine) and the traditional burger market is once again shaken up with the creation of what appears to be a thought out and well established franchise system. This leads us to an interesting article about Five Guys Burgers and Fries and In-N-Out Burger by Ira Kalb at bnet.com titled "How to Compete Against the Big Guys".
Some points/questions raised in the article are:
The information is somewhat generic but from my perspective potential franchisors should give some significant thought about how your franchise will "satisfy franchisee" expectations. Satisfied franchisees are critical to franchise system development. What factors do you think are critical to franchisee satisfaction?
For additional information about starting a franchise or expanding an existing franchise request a complimentary copy of "The Revised Franchise Formula: A Guide to Franchising Your Business in the New Economy" by Charles N. Internicola‚ Esq. For information on our Franchisor Compliance Program contact Charles N. Internicola at 1-800-976-4904.
Category: Start a Franchise
With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your business.
Fill out the following form and we’ll contact you as soon as possible. To reach our team directly, give us a call at (800) 976-4904.
An attorney client relationship is not established by submitting this initial contact information.