How Much Does It Cost to Start a Food Franchise Business
Food restaurant industry is an ever-growing one. The demand for quality food and service is always high. There are more and more restaurant businesses that choose to open franchises. Food franchises require quite serious investment, however, there are options that can be rather affordable.
Food segment is a leader in franchising. Most franchises that have been operated for a long time and already have a large customer base established their positions thanks to constant innovations in menu and formats. Nowadays, companies offer mobile units and delivery features to increase their influence and gain more clientele and profit. Brands that work like a well-oiled machine always seize the opportunities and keep up with the times.
On average, food franchises can cost up from $10,000 to millions of dollars. There are also associated expenses like construction, rent, equipment, and ongoing fees paid to the franchisor. Most initial fees are about $10,000-$60,000, whereas royalty fees are around 2,5-8% of monthly sales. There are many food franchises under 50k that you can find on Topfranchise.com.
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So far, we have been pleased and treated as valued customers providing discounts to advertising packages in the English and the Russian version of the company.
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partner in expanding the Mikel Brand even further.
A few years ago we decided to start the global expansion, so we started looking for ways how to find our new franchisees. Last year we noticed the Topfranchise.com marketplace.
Since the time we got listed here, our Franchise pitch has been visited by thousands of people, and a couple of hundreds had left their requests. I would like to share a success story. We received the lead from Topfranchise.com. It was a potential franchisee from the USA, who was interested in becoming a part of our company. Today he operates as our Franchisee in Grove town, USA.
At Topfranchise.com we have a manager, who keeps track of our success. If something goes wrong, we can be sure to receive advice. For the extra advertisement, we used newsletters and banners, which helped to attract more potential franchisees.
We express our gratitude to the TopFranchise.com team for their professionalism.
We get a lot of leads performing well as a potential franchisees. We are glad that we have chosen TopFranchise.com as a partner and look forward to further fruitful cooperation.
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Thanks to the Topfranchise team!
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In the time I have been with them I have had a good response, with leads coming in from every corner of the world and from countries you would not expect to get enquiries.
I decided in April this year to increase my budget to get more leads from overseas and explored other websites with an international exposure, but eventually I decided to spend my money with TopFranchise because of the quality of the service they provide. I invested in newsletters and banner listings with them which provided even more leads.
To date the investment I made with TopFranchise has been repaid with lead convertions.
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