Preview

Chain And Independent Restaurants

Satisfactory Essays
Open Document
Open Document
306 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Chain And Independent Restaurants
Chain and Independent Restaurants
Teyonna Jordan
HTT/200
July 09, 2015
Professor James Akins

Chain and Independent Restaurants
There are many advantages and disadvantages to chain restaurants and Independent restaurants, to begin I am going to speak on the advantages and disadvantages in regards to site selection. An advantage that a chain restaurant has over an independent restaurant when it comes to determine where your restaurant will be locates is, most chain restaurants have already had the research completed on where the restaurant should and will be at. This takes a lot of pressure of you; you want be responsible for completing research and determine the best location. On the other hand independent restaurants will have to complete all the leg work themselves, figure out the best location, and make sure the restaurant is being marketed correctly to bring in business. I am going to speak on the advantages and disadvantages for new product development. When it comes to new product development the independent restaurant has an advantage over the chain restaurant. This is true because as a chain you are required to stick with the guidelines and food options that the company has put in place. Where an independent restaurant can make decisions as to what food they would like to serve and what they don’t want to serve based on themselves. Lastly there are advantages and disadvantages for both when it comes to human resources, a chain has a guideline to follow when hiring employees, a independent can make this decision for themselves which can be a good or bad thing. Whatever standard the company has set as far as hair, nails, and appearance must be followed even if the chain owner doesn’t agree. The independent owner has to set these rules and guidelines from scratch, which can be a headache and time consuming.

.
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Mrkg 1311 Chapter 12
    • 490 Words
    • 2 Pages

    Mrkg 1311 Chapter 12

    When you buy a franchise, you are buying an established concept that has been successful. Statistics show that franchisees stand a much better chance of success than people who start independent businesses; independent businesses stand a 70 to 80 percent chance of NOT surviving the first…

    • 490 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    rastaurant
    • 2539 Words
    • 11 Pages

    rastaurant

    Opening a franchise company has its joys and perils. While the built-in brand recognition is a big plus for a start-up, that brand has not reached the level of some of the largest fast food chains. The franchise brand may not provide the level of support expected from a larger franchise chain. With that said, the combined management experience, and synergy between the goals of the franchisor and the company's goals will lead to the long-term success of our franchise.…

    • 2539 Words
    • 11 Pages
    Good Essays
    Read More
  • Good Essays

    Acc/561 Team Paper Fitness Center
    • 662 Words
    • 3 Pages

    Acc/561 Team Paper Fitness Center

    There are advantages and challenges to nearly every business type. The key is to understand what they are and the impact they will have on the business before becoming a business owner. “The challenges of owning a franchisee often have to do with unreasonable expectations - you're not your own boss, the brand is your boss. Richman,” (2008). Brand standards reach every part of the business, from uniforms and how they are worn to what types of coupons the business can and cannot use. Franchisee inconsistency defeats the purpose of a franchise, thus emphasizing the importance of following brand standards. Franchise agreements may dictate locations, vendors, and options of operation. Many franchisors expect their franchisees to buy supplies only from their approved list of vendors. This limits the flexibility of a business owner, especially when these suppliers’ costs are much higher, and it cuts into profits. Another thing to watch out for in a franchise system is requirement by franchisor for royalty payments and marketing fees that affect profit. Still another concern is relying too heavily on the parent company's services. You are one of many and the success or failure of your store is completely up to you. Know what services are guaranteed from the franchisor and be…

    • 662 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Ent 205 Week 3 Essay
    • 448 Words
    • 2 Pages

    Ent 205 Week 3 Essay

    Beside foods, these businesses sell the ability to get your food fast and on the go!!! Less wait time!! I really feel that is really no difference because all have about the same selections of food and your wait time depend on time of day and how…

    • 448 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Wahoo: Franchisees
    • 354 Words
    • 2 Pages

    Wahoo: Franchisees

    Franchisees also have less cost. Franchisees benefit from national and regional advertising put in place by the franchiser. They can also benefit by buying more than one franchisee and receiving discounts on fees.…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    accounting stystem
    • 1709 Words
    • 7 Pages

    accounting stystem

    Advantages - a franchise provides a established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base which would ordinarily takes years to establish.…

    • 1709 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Marketing Plan - Firehouse Subs
    • 1767 Words
    • 8 Pages

    Marketing Plan - Firehouse Subs

    1. Franchisees gain numerous advantage when they purchase a franchise. First, while a franchisee may be opening a new store, it is part of an already established business and system. This means a franchisee has access to turnkey operations, allowing an increased speed to establishing and growing the business. Franchisees also get support for management and training activities, as well as financial assistance. Going hand in hand with this, a franchise already has an established brand name, quality of goods and service which have been standardized across the franchisor’s larger company, and national advertising programs from franchisors. Franchises also have large-volume, centralized buying power. A franchise has proven products, and successful business format. Finally, site selection and territorial protection is offered for franchises. All of these advantages increase the chance for a new business in a franchise to be successful. While there are many advantages to a franchise, there are disadvantages as well. First and foremost, in order to own a franchise and take advantage of all the benefits of owning a franchise, there are fees and royalties which are ongoing for advertising, use of the franchise name, products and services, and for use of the business system. A franchisee must also adhere strictly to regulations and standards imposed by franchisors. Franchisors also require the purchase of supplies and equipment from approved suppliers. Franchisors can also restrict what products can be offered in a store, which limits the product line as a whole. This results in an overall limit of freedom which entrepreneurs who start their own business do not have to deal with. Finally, and possibly most relevant from a business standpoint is market saturation. Franchisees have grown tremendously fast in recent years, resulting in an overwhelming number of franchises in the market place.…

    • 1767 Words
    • 8 Pages
    Good Essays
    Read More
  • Good Essays

    Kale's Butter Shortage In Canada
    • 782 Words
    • 4 Pages

    Kale's Butter Shortage In Canada

    Have you ever wondered how human behaviour affects the economy? Some might say that human behaviour has everything to do with the Economy. For a moment, let’s talk about Kale. The green leafy product that looks a little likes lettuce. It was virtually unheard of in the everyday diet of Canadians. Then, because of recent health trends and discoveries about kale’s health benefits, it suddenly became a hot commodity. Demand rose and prices aligned accordingly.…

    • 782 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Fast Food Nation Chapter 4
    • 954 Words
    • 4 Pages

    Fast Food Nation Chapter 4

    The franchisee/ franchiser relationship has its benefits, but also one major downside which can cause conflicts and controversies. “At the heart of the franchise agreement is the desire by two parties to make money while avoiding risk” (Schlosser 94). In starting your own business, there is a huge financial risk. Even if you have an amazing idea it takes a lot of well managed money. Becoming a franchisee, though, while still costing a good amount of money, the risk is considerably smaller because the name, advertising and product is already out there. “One provides a brand name, a business plan, expertise, access to equipment and supplies. The other puts up the money and does the work” (Schlosser 94). Franchising makes it easier for companies to expand their market and profit from that. “The relationship has built-in tensions. The franchisor gives up some control while not wholly owning each operation; the franchisee sacrifices a great deal of independence by having to obey the companies rules” (Schlosser 94). When putting that amount of money and work…

    • 954 Words
    • 4 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    The Restaurant Industry
    • 498 Words
    • 2 Pages

    The Restaurant Industry

    * [E1 + r(E1 – D1)] = normal earnings expected to be earned in period 2…

    • 498 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Ideal Capstone Project
    • 1323 Words
    • 6 Pages

    Ideal Capstone Project

    Franchises have a business model created, and sometimes it is easier to open a business that it is already in the market. By learning how to open and run a franchise will teach me essential skills that will help to later create my own brand and my own franchise. I will choose to open a franchise related to the type of business that fills my interests. In some cases, franchises have a higher rate of success than start-up businesses and some of them cost less than startups. Franchises offer pre-opening support and ongoing support. I believe I will learn a lot about the businesses environment by doing a Capstone project in this…

    • 1323 Words
    • 6 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Le Fougeres Restaurant Industry Analysis
    • 533 Words
    • 3 Pages

    Le Fougeres Restaurant Industry Analysis

    I chose company and selected the food and beverage industry on the subject of to restaurants. The restaurant I picked was Le Fougeres Restaurant in Chelsea Quebec. Their mission statement focused on first class service, and a fair working environment, being a good citizen. Health and safety with an attractive plaace guest can enjoy. They also stated participating in charitable activities in the community. ( missionstatements.com 2/07/2015) The really were going for a oasis and taking people through an experience.…

    • 533 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Consulting Assignment
    • 945 Words
    • 4 Pages

    Consulting Assignment

    There are many issues to consider when expanding a fast-food restaurant. Continuous expansion can create an increase in both variable and fixed costs. Some of the variable costs include increased employee wages and emergency expenses. Fixed costs are also increased, because there are more restaurants. Instead of paying rent for one building there is now five restaurants that both have their own rent and insurance due at the end of every month regardless of sales made. With all these factors taken into consideration, even the smallest daily decisions can make a difference in the operational efficiency of the chain.…

    • 945 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Industry Analysis - Mcdonalds
    • 696 Words
    • 3 Pages

    Industry Analysis - Mcdonalds

    Rivalry – there are appoximately 8 million restaurants worldwide in an extremely competitive environment. Within the industry, there are about 300 companies involved in chain restaurants.…

    • 696 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    advatages of franchising
    • 655 Words
    • 3 Pages

    advatages of franchising

    2) Costs may be higher than if you start your own business from scratch. Other than the initial cost of acquiring the franchise, you may…

    • 655 Words
    • 3 Pages
    Good Essays
    Read More

Related Topics