ASIAN RESTAURANT FOR SALE: SIX QUESTIONS TO ASK BEFORE INVESTING
Asian food is one of the most popular and eclectic types of cuisines in the U.S., offering a variety of options for diners and potential business owners alike. Researching Asian restaurants for sale? Here are the top questions you should ask a franchisor to help you narrow down your franchise search.
WHY SHOULD I BUY A FRANCHISE?
If you’re interested in buying an Asian restaurant for sale, one of the first questions you will likely consider is whether you should open your own restaurant or join a franchise. There are benefits to each, but the upsides of franchising are immediate, consistent, and long-lasting. Franchises have built-in reputations, experience, and marketing know-how that independent businesses must develop on the fly. Because of this, franchises generally have higher success rates.
Since you are partnering with a brand, it is important that you do your research and identify the franchise that best aligns with your values and goals, providing you with a model that you’re proud to represent. Just as with an independent venture, you will own your own business and act as such, but you will benefit from a proven system, successful track record, and level of support that is not guaranteed when you go it alone.
HOW MUCH IS MY INITIAL INVESTMENT AND WHAT DOES IT COVER?
A common misconception about franchising is that you’re simply paying to use a brand’s name. But the best Asian restaurants for sale offer so much more than the backing of an established name. Initial franchise costs will include the franchise fee, marketing fees, training, real estate consultations, and more. With a brand like Teriyaki Madness, investment costs are laid out plainly for prospective franchisees to consider, with itemized descriptions of how and where your money will be spent to help build your restaurant.
HOW MUCH MONEY CAN I EXPECT TO MAKE?
It’s reasonable to assume that a franchise investment should provide a return for both the money and the work invested in the business, so calculations are much more complicated than they would be with a passive investment. And the expected return is likely to be much higher. You want to see your hard work pay off.
One of the best ways to determine a franchise’s potential profitability is by analyzing Item 19 of the Franchise Disclosure Document, which outlines the business’s financial performance. Item 19 is an optional disclosure under the Federal Trade Commission. Keep in mind that franchisors are prohibited from predicting or guaranteeing any financial results. Each franchisee is an independent operator and both reporting methods and the types of expenses taken will vary. Speaking with other franchisees is a good way to gain a fuller sense of the kind of return on investment you can anticipate.
DO I NEED TO HAVE PREVIOUS INDUSTRY EXPERIENCE?
Many of the best franchisors care less about your industry background and more about whether you possess an entrepreneurial spirit, a passion for quality products and customer service, and a willingness to learn.
If you already own one or more shops with TMAD, you know what we’re about and want to dig in again. And for those who may not possess Asian restaurant experience but know what it takes to lead a thriving business, we’ve got your back. TMAD is there to support your multi-unit dreams.
WHAT TYPE OF TRAINING AND ONGOING SUPPORT DO YOU PROVIDE?
Since you’re looking to buy a proven system, proper training in that system is essential to your success as a franchisee. This includes not only operational training, but also training in how to hire and train employees, financial management, and attract and retain customers.
TMAD supports franchisees through every step of the process, from site selection and build-out to training through Grand Opening and beyond. One of the greatest benefits of owing a franchise versus operating an independent store is the wealth of resources available to you. Ongoing support is in place long after you open your doors.
Having cornered the Asian fast casual restaurant market, TMAD is recruiting new franchisees every week who know a good thing when they see it and are spreading the Madness across the nation. Called out as the No. 1 Fastest Growing Big Restaurant Chain by Restaurant Business, TMAD has no plans to slow down and is looking for more motivated entrepreneurs to join the crew. Many multi-unit operators from other well-known brands, like Jersey Mike’s, Sonic and Arby’s, are joining the Madness to diversify their portfolios and grow their empires. Why look for an Asian restaurant for sale when you can build your own with the backing of a proven brand?