Consider these perks to see how buying into a food business can enhance your lifestyle as well as your bank balance.
There are lots of advantages to running a food franchise. Low investment costs, buying into an already established brand, being your own boss, and bringing in an extra income are just some of the significant benefits.
Flexibility and a sociable, stable career mean that investing in a food franchise is a holistic approach to earning a living.
When we think of “perks” we might think of things we’ll get for free. And that is true. But when we talk about the perks of investing in food franchises, certainly the best things in life are free, but they are also ones that will enrich your lifestyle and wellbeing.
Beyond being able to tuck into your tasty leftovers, here are just some of the perks to running your own food firm through a franchise.
Pick the trend that suits your tastes
There’s a street food surge underway just now as the Covid-19 pandemic changed the way in which we satisfy our hankering for food on the go.
Ready-to-eat foods are booming. Fast food is one of the world’s fastest-growing industries and will be worth an estimated $931.7 billion by 2027.
And it’s not just picking up a bowl of noodles on the lunch break. Catering trends have also changed enormously during periods of lockdown and social distancing.
Take for example that street food and food vending are predicted to be one of the trends for wedding catering. The big day is moving away from the traditional sitdown meal or buffet. In the post-pandemic world, guests are wary of sharing a bowl of veg or queuing for vol-au-vents that have previously been examined by numerous people. That means interactive food stations and late-night street food vans are ‘in’. Invest now in the foodie trends that are set to soar.
Starting out small is a big way forward
Franchising enables you to start out small. That way you can test out ideas and find out for yourself just what works for the areas in which you plan to operate and target for the future. It also means you can build towards your own dream rather than that of others. This brings increased satisfaction driven in your chosen direction.
As initial investments are low with franchising, that restaurant concept you have in mind, or the gap in the local market you have identified, means you can trial different cuisines and speciality dishes. This comes with a lower risk than other business models and you’ll always be backed by an established support team and brand.
Fit your franchise to your own wellbeing
Many of us simply don’t enjoy the work we do. Being able to do a job you love can sometimes seem an unattainable dream. When you are the boss, you can fit the daily demands of running a business around your own needs and that of your family.
Instead of corporate dictates, investing in a franchise brings flexibility that you can build into your life. Career satisfaction and emotional wellbeing are things that no corporate salary automatically brings.
When you own a franchise, you won’t always need to be present within the business itself. You can work remotely, work from home, or work on the go – just as it suits you. You can buy into a business that is close to home and ditch that long daily commute for good.
If you’re a motivated and talented individual, there’s every likelihood you don’t like being told what to do every minute of the day. By investing in a franchise you will have the freedom to express yourself.
Share the perks
As your business grows you will be employing staff and you can manage them in the way that you would always have wanted to be managed yourself. You can be creative and encourage creativity in others. That’s incredibly rewarding.
Engaged employees are satisfied employees. You can involve your staff in the company and tap into their own ideas for growth. Not only will that bring benefits to the business but it will foster innovation within the workforce and ensure employees feel a part of achieving your goals.
You can opt into an employee reward programme as you see fit and share the perks of working for you with everyone else. There are lots of third party staff engagement and reward schemes out there these days that offer everything from loyalty bonuses to discounts to tangible monetary benefits. That way you can build motivation and recognition into the ethos of your company.
If you’re operating a food business, then one of the great ways to spread the word is to offer staff discounts and widen this to their friends and family. That way, more people get to taste your great offerings and share their experiences with people they know by word of mouth and social media.
Choose the perks that suit you
Investing in, and operating, a franchise is of course hard work. But if you’re already considering buying into a food franchise you will already know that. In fact, it will be a motivation in itself.
Buying into a food franchise or a takeaway franchise allows you to invest yourself in exactly the catering market that means something to you. You will receive all the support, materials and resources you need. Allow that to be the core ingredient upon which you flourish and bring your own flair.