Eduardo has always wanted to operate his own fast food restaurant but he knows the high failure rate of restaurants. To increase his chance of success, he should consider?

Question

Zayden Davila

Business

12 October, 20:19

Eduardo has always wanted to operate his own fast food restaurant but he knows the high failure rate of restaurants. To increase his chance of success, he should consider?

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Answers (1)

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Emiliano Diaz · Answer 1

buying a franchise of a well-established restaurant.

Explanation:

A franchise business model is a business arrangement where the owner or 'franchisor' sells the rights of a business to ' franchisee' who operates an independent outlet. The rights that a franchisee acquires include business name, logo, business and operating models. Examples of known franchises are MacDonald, subway, and Starbucks.

The biggest advantage Eduardo will gain by purchasing a franchise is that he will get instant access to a well-established brand name. Eduardo does not need to spend resources on creating a name, or products to introduce to customers. An established franchise will provide him with customers, a management model, and a chance to succeed.