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Tips in Buying a Restaurant Franchise The secret for a long lasting restaurant franchise is

Tips in Buying a Restaurant Franchise The secret for a long lasting restaurant franchise is knowing when and how much to buy it. For franchise restaurant buyers, here are some helpful tips. The true picture of a business’ earnings can be found in its books and records. A good restaurant franchise to buy is that which is already established and known to have years of earnings. You need to consider the guidelines if you want to pursue buying a restaurant franchise that has good training and a good brand. This is how the first three years of a franchise looks like. Usually one learns about a franchise and gets excited about its potential to make money and one is willing to build it from scratch. A new restaurant franchise can easily cost hundreds of thousands of dollars. New owners are usually very eager and constantly dreams of the millions he is about to make. The new franchise owner then reviews the math and it shows that franchise fees, marketing fees and rent kick in before he buys the food and serves his first customers. After a tough first year he realizes that this is not the way to go, calls a restaurant broker and sells his franchise. He realizes that it is a money losing operation and he can only get back a fourth on his investment. And this is only true if the franchise concept is good and the location is good.
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This losing franchise will be picked up by a smart restaurant owner to become its second owner. This second owner might still be losing but he acquired the franchise at a much lower cost. So this new owner is able to keep the sales with the fixed costs and he works hard by himself and then sees himself make money. The second owner also realizes that after a time earning, his earning are no worth the time and the efforts so he ends up selling the franchise again.
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The earnings of the franchise has value and the third franchise owner gets the deal with this value. Because the cycle has matured and all costs are covered the third buyer got himself a real opportunity in his hands. Sales are growing and the business is profitable. The cost of capital for buyer number three is minimal and the business can easily service the debt. The rules of three is important in buying franchise restaurants. It is the third restaurant owner who usually reaps the benefits and now the first two. On the third year of a franchise sales are trending up and it is making money, so it is best to buy the franchise on its third year.