A food franchise to consider is Time-Out Restaurant. The brand was established in 1978 by Eddie Williams in North Carolina. The third-generation University of North Carolina graduate was inspired to name the restaurant Time-Out based on his lifelong connection to the sports family at UNC-Chapel Hill, which his wife, Val, made a point to tell him. Franchisees benefit from a proven business model and feel-good product. Franchisees also benefit from support and training. In terms of support and training, you can expect an initial training program that details everything you need to know about the business. This includes marketing and advertising, hiring, food prep, managing finances, and more. You will also be provided with social media, site selection and grand opening assistance. Support and training are ongoing.
You can expect the initial investment to range between $221,500 - $351,900, which includes a one-time initial franchise fee cash and other liquid assets. Royalty fees are 5%. Qualified candidates should have a minimum net worth of $35,000, and at least $35,000 in cash and other liquid assets in order to financially qualify. Locations should range between 1,700 - 2,400 sq.ft. Ideal candidates should be passionate about customer service. Since you get a lot of support and training, you don't need to have prior experience before running the business. Customers appreciate that the brand is open 24/7. The brand's menu includes typical southern cuisine. These options include Mac & cheese, chicken turkey, meatloaf, peach cobbler, and more. Franchisees benefit from an exclusive territory, which decreases you competition. You'll be the only representative of the Time-Out Restaurant franchise in your area.