Ultimate Book of Restaurant and Food Service Franchises 2005

by LESONSKY

• ISBN13: 9781932531329
• ISBN10: 1932531327
• Edition: 1st
• Format: Paperback
• Copyright: 2005-04-15
• Publisher: Entrepreneur Press

Summary

Your One-Stop Guide to Buying a Restaurant or Food-Service FranchiseThe most up-to-date, comprehensive and powerful tool for uncovering opportunities in the restaurant franchise world,Ultimate Book of Restaurant and Food-Service Franchisesis a direct connection to the hottest segment in today's rapidly growing franchise market. Packed with solid advice and timely information, this full-course directory draws uponEntrepreneurmagazine's more then 25 years of research and reporting to serve up everything you need to know about restaurant franchises in one dynamic package. Time-critical information for doing business today Top 10 lists for both quick- and full-service restaurants Comprehensive listings for more than 320 restaurant and food-service franchises Details on contacts, costs, size, training, support and franchisee qualifications Complete overview of the franchise industryFrom researching the perfect franchise and negotiating a final agreement to developing the skills needed for sustaining continued success on daily operations,Ultimate Book of Restaurant and Food-Service Franchisesis the most insightful and fact-filled guide available today.

Author Biography

Rieva Lesonsky, a nationally recognized expert on small business, provides guidance, inspiration and advice to millions of entrepreneurs each month as senior vice president/editorial director of Entrepreneur magazine. She is also author of the business bestseller Start Your Own Business.

Maria Anton-Conley, executive editor of Entrepreneur magazine, oversees Entrepreneur’s Franchise 500® listing, the renowned annual listing of franchises on which this book is based, and Entrepreneur’s FranchiseZone (www.entrepreneur.com/franchise), the world’s most comprehensive franchise website.

Table of Contents

Acknowledgments	vii
Introduction	ix
Section One How To Buy a Restaurant and Food-Service Franchise
So You Want to Own a Business?	3	(2)
Business Ownership	3	(2)
Organizing for Business	5	(6)
Advantages and Disadvantages of Different Business Organizations	5	(3)
Concerns Underlying Business Organizations	8	(3)
Buying a Restaurant	11	(6)
Who are the Diners?	12	(1)
Where's the Competition?	12	(1)
Carving Your Niche	13	(1)
Top Food Trends	13	(4)
Understanding the Franchise Concept	17	(6)
Independent Ownership	17	(1)
The Business of Franchising	18	(1)
The Franchisee View	18	(2)
The All-American Hard Sell	20	(3)
Buying Multiple Franchise Rights	23	(4)
Types of Multi-Unit Franchise Programs	23	(2)
Protecting Your Development Investment	25	(2)
How the Government Protects You	27	(4)
How the Law Defines a Franchise	28	(1)
The Consequences of Being a Franchise	28	(3)
Are You Suited to Be a Franchisee?	31	(4)
Is a Franchise for Everyone?	31	(1)
Questions to Consider	32	(3)
Attending a Franchise Trade Show	35	(6)
Prepare for the Show	35	(1)
How to Develop an Effective Method of Attending	36	(1)
The Right Questions	36	(2)
Trade Show Red Flags	38	(1)
The Follow-Up	38	(3)
Research on the Internet	41	(4)
What to Look For	41	(1)
Handling the High Hype-to-Fact Ratio	42	(1)
The Importance of Focus	42	(3)
Organizing the Information You Gather	45	(2)
Setting Up a Filing System	45	(2)
Understanding the UFOC	47	(6)
What is a UFOC?	47	(1)
The Sections of the UFOC	48	(5)
Five Great Questions Not Answered in the UFOC	53	(4)
The UFOC Does Not Deliver Everything	53	(4)
Key Sections of the Franchise Agreement	57	(8)
Understanding the Basic Dynamic of the Franchise Agreement	57	(1)
Key Provisions Considered	57	(3)
Corporate Ownership	60	(2)
Dispute Resolution Provisions	62	(3)
Franchisor Financial Information in the UFOC (and How Do I Read This Gobbledegook?)	65	(4)
Franchisor Financial Disclosures	65	(1)
Audits According to GAAP	65	(1)
Accountant's Analysis Tips	66	(1)
Evaluating the Franchisor's Financial Standing	67	(2)
Top 10 Warning Signs in Franchise Investments	69	(4)
Don't Get Snagged	69	(1)
Key Warning Signs	69	(4)
Closing on Your Franchise Purchase	73	(4)
A Checklist for Closing	73	(4)
Resolving Legal Disputes	77	(4)
Lines of Defense: Contract Terms and Protective Laws	78	(1)
Dispute Resolution Toolbox	79	(2)
Renewing Your Franchise Rights	81	(4)
Contract Terms and Renewal Rights	81	(1)
Renewal Conditions	82	(3)
International Franchising	85	(4)
The Globalization of Franchising	85	(1)
Keys to Foreign-Based Franchises	86	(3)
Negotiating Franchise Agreements	89	(6)
Negotiating a Franchise Agreement	89	(1)
Why Is the Franchise Agreement So One-Sided?	89	(1)
Understanding the Seller's Position	90	(1)
Take It or Leave It?	90	(1)
Negotiating Rules	91	(1)
Franchisors' Inflexible Positions	91	(1)
Franchisors' Flexible Positions	92	(3)
Working with Lawyers and Accountants	95	(4)
Using Legal Services	95	(1)
Do You Need a Specialist?	96	(1)
Using Accounting Services	96	(1)
What to Ask Your Legal and Accounting Advisors	97	(2)
Questions for Franchisees	99	(2)
The Key to Your Research	99	(1)
Franchise Questions	100	(1)
Skill Sets of the Successful Franchisee	101	(6)
The Art of the Sale	101	(1)
Counter Magic	102	(1)
Your Profits Are in the Details	102	(1)
Become a Bean Counter	102	(1)
Be a Skilled Negotiator	103	(1)
People Management	103	(1)
Build an Organization	103	(1)
Be an A+ Franchisee	103	(1)
Collecting Money	103	(4)
Make it Happen	107	(4)
Section Two Ultimate Restaurant and Food-Service Franchise Directory
Understanding the Directory	111	(4)
Key to the Listings	111	(2)
Full-Service Restaurants	113	(32)
Quick-Service Restaurants	145	(126)
Miscellaneous Food-Service Businesses	271
Full-Service Restaurants
Barbecue Restaurants	115	(4)
Other Barbecue Franchises	117	(2)
Burger Restaurants	119	(4)
Other Burger Franchises	121	(2)
Ethnic Restaurants	123	(6)
Asian	123	(1)
Italian	124	(4)
Mexican	128	(1)
Other Ethnic Restaurant Franchises	128	(1)
Family-Style Restaurants	129	(4)
Sports Bars & Pubs	133	(4)
Miscellaneous	136	(1)
Steakhouses	137	(2)
Miscellaneous	139	(8)
Quick-Service Restaurants
Baked Goods	147	(16)
Bagels	147	(2)
Bakery Cafes	149	(3)
Cinnamon Rolls	152	(2)
Cookies	154	(2)
Donuts	156	(1)
Pretzels	157	(4)
Other Baked Goods Franchises	161	(2)
Chicken	163	(8)
Wings	163	(2)
Miscellaneous	165	(4)
Other Chicken Franchises	169	(2)
Coffee	171	(8)
Other Coffee Franchises	178	(1)
Ethnic Quick Service	179	(14)
Asian	179	(3)
Mexican	182	(9)
Miscellaneous	191	(1)
Other Ethnic Restaurant Franchises	192	(1)
Fish & Chips	193	(2)
Frozen Desserts	195	(12)
Frozen Custard	195	(2)
Ice Cream & Yogurt	197	(7)
Shaved Ice	204	(1)
Other Frozen Dessert Franchises	205	(2)
Hamburgers	207	(8)
Other Hamburger Franchises	213	(2)
Hot Dogs	215	(4)
Juice Bars	219	(8)
Pizza	227	(18)
Other Pizza Franchises	244	(1)
Sandwiches	245	(18)
Philly Cheesesteak	245	(2)
Submarine	247	(9)
Miscellaneous	256	(6)
Other Sandwich Franchises	262	(1)
Miscellaneous Quick Service	263	(10)
Other Miscellaneous Quick-Service Franchises	270	(3)
Miscellaneous Food-Service Businesses
Candy	273	(6)
Other Candy Franchises	277	(2)
Food Design Businesses	279	(4)
Specialty Foods	283	(6)
Ham Stores	283	(1)
Wine	284	(2)
Miscellaneous	286	(1)
Other Specialty-Food Franchises	287	(2)
Miscellaneous	289	(4)
Other Miscellaneous Food-Service Franchises	292	(1)
Top 10 Full-Service Restaurant Franchises for 2005	293	(1)
Top 10 Quick-Service Restaurant Franchises for 2005	294	(1)
Top 5 Miscellaneous Food-Service Franchises for 2005	295	(2)
Food Franchise Industry Leaders for 2005	297	(4)
Appendix A State Franchise Authorities	301	(2)
Appendix B Other Information Sources	303	(2)
Glossary	305	(2)
Index	307	(6)
Listings Index	313