What are the steps to owning a franchise? How much does it cost to franchise a business? Why you should become a franchise owner?
Owners, called franchisees , purchase the rights to open and operate an Applebee’s. As part of the deal, the franchisee pays royalties to the head office, called a Franchisor.
In return, the franchisor (in this case IHOP is the owner of Applebee’s). To purchase a franchise of this magnitude will involve alot of paperwork, back ground checks, credit checks, and 2000. They will want to know your experience, your capabilities, your knowledege of the resturant. I did come across one page that may help to understand why they arent franchised.
What I can tell you is that my husband and i. I have provided the link below. The franchising company you hope to purchase from might also limit your potential territory.
Assess the vehicle traffic in your locations of interest. First, it’s important to decide if buying a franchise is the best option for attaining your business goals. The other options available to you include starting a brand new restaurant from scratch, and investing in an existing restaurant as a partner.