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Restaurant/Cafe Franchises for Sale – researching your options

(PR.co.nz) There are a multitude of New Zealand restaurant and cafe franchises for sale that look interesting and have the potential to be great businesses. But how do you work out what’s on offer and if it stacks up?

Your best New Zealand restaurant and cafe franchise option is one that you can get enthusiastic about, and which matches your expectations, interests, skills, and your lifestyle commitments. Search for one that best suits your needs.

Always evaluate more than one opportunity in the industry you are considering, make contact with various franchisors and compare them and their systems. Only you can decide whether the franchise opportunity is right for you. Choose one that meets your criteria.

Search “New Zealand cafe franchise for sale” listings online or visit sites like www.nzfranchises.co.nz – once you have identified some franchise opportunities, then you need to find out some more about the businesses and what is being offered. Contact the Broker or Seller and ask for more information about what’s on offer.

Here are some helpful tips to help you research the franchise opportunities you are looking at:

Research the opportunities

There is a wealth of information out there, especially online. Exercise care, as it isn’t always accurate or up to date. Firstly check out the company’s website. This is usually written by the company and is the quickest way to get your head around and explore a franchise system you’re interested in. Look at it as a window into the company’s products, business model. Secondly; visit key Industry and News websites like the Franchise Association of New Zealand. Some sites will offer just general information; others have statutory requirements and information (eg. company records, legal decisions) concerning the franchise or its principals. Lastly; check out blogs – find out what others say. Google the company and it’s principles to check out the feedback in reviews and on blogs. Disgruntled clients, franchisees and ex-franchisees will often vent their frustrations online.

Talk to existing Franchisees

Find out who you should be talking to; people who are involved in or are with the franchise. Ask the franchisor if you can speak to some customers, and most importantly to talk to some existing franchisees. Find out how successful it is, any problems or shortcomings, and get to understand what you need to do to be successful in this business.
Research the Franchisor

Have they a good reputation in the industry and with other franchise operators? Any concerns or questions you have, take them up with the franchisor. There are two sides to every issue. If it doesn’t feel right for you then maybe it isn’t.

Ask the Professionals

If possible choose a lawyer, accountant and banker that have experience with franchising, as they will understand some of the pit-falls and issues to avoid. They will also know what to look for, and you will benefit from their experience, history and contacts.

Buying a restaurant or cafe franchise can be a great investment but it is necessary to do your homework. Visit the New Zealand restaurant/cafe for sale website www.caferestaurantsales.co.nz for more information.

Media Release on 22 November 2013 by NZBizBuySell

Media Contact
Richard O’Brien, NZBizBuySell
Email: richard@nzbizbuysell.co.nz
Phone: + 64 3 337 0005
Website: www.caferestaurantsales.co.nz

 



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