The restaurant industry is a powerhouse, worth a staggering $789 billion in 2021 and expected to reach $898 billion in 2022, So, it’s no surprise that franchise restaurants are a cornerstone of franchising as a whole. While it’s a brave, new world of consumer behavior surrounding dining out, the quick-serve restaurant industry’s projected growth between now and 2028 is forecast to be 4.6%. The future is therefore bright for restaurant franchise opportunities.
The Benefits of Opening a Franchise Restaurant
It’s true, the restaurant industry can be tough, but it can also be extremely rewarding. Aside from being your own boss, owning a franchise restaurant has a multitude of benefits.
Brand Name Recognition
A big part of the investment potential with a franchise restaurant is that your business’s name is already out there. Franchise owners can tap into existing customer awareness that has already developed brand loyalty.
A Fully Developed Concept and Menu
One of the restaurant industry’s most difficult tasks is creating a concept and menu that’ll stand out. By searching for a franchise restaurant for sale, you’re skipping that step. The franchise’s concept and food have already been developed and market-tested. Typically, restaurant franchise opportunities are based on business models that have already experienced longevity in their flagship locations.
Training and Support
Even if you have never owned a restaurant before, a franchise restaurant business comes with a ready-made support system from the franchisor. The franchisor has developed the training, technology, operations manual, and customer service standards that line up with the brand’s concept and restaurant vibe.
Once you sign the franchise agreement, you have access to experienced people who can show you the ropes for your franchise restaurant operations. This can help save time and money with a smoother opening and can help you avoid common pitfalls to which new restaurateurs may be susceptible.
Tried and True Marketing Strategies
As part of the franchise agreement, you’re a beneficiary of the brand’s marketing strategies. The franchisor has a vested interest in seeing your franchise restaurant grow and build a solid customer base. You don’t have to start from scratch in creating marketing campaigns to reach your community or grow name recognition in your region or state. Your franchisor knows what works and you benefit from that experience.
Developed Relationships with Vendors
Another benefit of franchise restaurants is leveraging established relationships with vendors. The legwork of finding the right suppliers for your business is often already done for you. The processes of ordering inventory, uniforms, and supplies may already be in place, so you can be ready to open your restaurant’s doors sooner with fewer hiccups. In many cases, supplier contracts include group purchasing discounts, so you can save money on what you need to run your restaurant.
The Investment Benefits of Opening a Restaurant Franchise
Financing can often be easier to obtain with a franchise restaurant for sale. When a lender sees a franchise model’s established track record and history, it can help ease the way for securing financing.
Another appealing factor for restaurant franchise costs is that the estimated initial investment range is thoroughly researched and provides a comprehensive look at what it will take for you to open your restaurant. Opening any business can be plagued by surprise expenses, but Caribbean franchise restaurants can help minimize this based on past experience of opening previous locations. Sure, factors like location rent and build-out may vary for each franchise unit, but overall, you can have a sense of the scope of your initial investment from the beginning.
You’re the owner of your own business. While franchising gives you rights to the licensing and practices of your restaurant’s brand, you have a lot of control over many aspects of your business, from hiring to scheduling to the day-to-day operations. You get to build relationships with your customers and be the driving force that helps your business thrive.
The Juici Patties Franchise Restaurant
Restaurant franchises are popular because Americans love dining out. But this means there are a lot of franchise restaurants out there. So how do you invest in one that stands out and doesn’t just mimic its competitors? By becoming the franchise owner of a Juici Patties restaurant. It’s serious Jamaican food.
America has a great love for ethnic cuisines. The National Restaurant Association has found that 80% of consumers eat at least one ethnic meal per month, and as a whole, Americans value having ethnic options on restaurant menus. While the most popular world cuisines in the US are Chinese and Mexican, there has been a flood of cultural foods across the country in recent years, from Thai to Korean and Indian to Japanese. The quick-serve restaurant franchise market is primed for the introduction of a new cultural cuisine with Juici Patties’ authentic Jamaican menu.
But what exactly is a patty? It closely resembles the empanada, which is a pastry turnover filled with meat that originated from Spain and Portugal. The patty served by Juici Patties is reminiscent of this popular food, but with a Jamaican flair: a flaky pastry filled with flavorfully spiced meats such as beef or chicken. Juici Patties’ delicious options are available in many Caribbean countries as well as in the UK and Canada.
Juici Patties has an established franchising track record in its home country, as the first quick-serve restaurant franchise to open 60 locations (and counting!) in all 14 parishes on the island of Jamaica. Now, it’s an exciting time to become a Juici Patties franchise owner because we’re ready to expand into the United States, where Americans love trying cultural cuisines.
Bringing Juici Patties to the USA
Another unique factor of the Juici Patties restaurant franchise for sale is that there are flexible investment options for the size of your restaurant space. Juici Patties franchises are available in three sizes, allowing you to select the unit size that best fits your investment portfolio and your local territory and real estate options. The initial investment ranges are as follows, including the $30,000 franchise fee:
- Small format restaurant – 346,950–$469,500*
- Standard format restaurant – $$537,450–$692,350*
- Large format restaurant – $619,450–$792,550*
In exchange for these restaurant franchise costs, you become part of the Juici Patties family. We’re ready to give Americans a taste of true Jamaica with our authentic menu items, state-of-the-art technology, and the ubiquitous Jamaican fun-loving personality in every Juici Patties location. If this sounds like an investment you could get behind, contact us today for more information.
* Prices updated: 04/27/2022