As the restaurant industry continues with its post-pandemic recovery, food franchises are among the booming opportunities. Prospective franchisees have taken the down time caused by COVID-19’s at-home restrictions to spend their time researching, taking advantage of favorable financial loan rates, and decreasing real estate costs. Now is a great time to consider the option to open a restaurant franchise.
There’s an Abundance of Resources
The restaurant industry fell upon some hard times with the onset of the pandemic. At its peak, the pandemic cost the industry nearly $120 billion in sales and nearly 8 million restaurant jobs. With the industry recovering, there is a plethora of top-notch food service talent available.
Potential food industry hires will be diving back into the economy. Managers, line cooks, servers, and other industry veterans who have been out of work are in the market for new jobs. The large volume of restaurant closures and modified operational models means there are more vacant venues available and up for grabs. There’s never been a better time to find a prime competitive physical location for your food franchise.
Recession Resistance
It’s common that after recessions that there is a surge of franchise sales. The franchising model provides the tried-and-true methodology of a successful brand with built-in resources. Plus, there are fewer risks involved than starting a new business from scratch.
Franchising gives owners built-in branding, a proven business model, comprehensive training, marketing materials, national advertising campaigns, networking, ongoing support, and more, while being backed by their franchisor. Additionally, franchisors are there to support and protect your business with legal issues, publicity initiatives, workforce development, and more.
Affordable Financing
The government has created legislation to provide money for programs to back businesses for relief and recovery efforts. This is a huge opportunity to build your own business and take advantage of historically low interest rates. Financing is more affordable and feasible than it’s been in a long time.
Among other programs available, loans guaranteed by the SBA have rates and fees that are comparable to non-guaranteed loans, and they feature unique benefits such as lower down payments, flexible overhead requirements, and no collateral needed.
Go With The Greek
It’s predicted that the next year to 18 months will be a great time to buy a food franchise, and The Great Greek Mediterranean Grill is one of the best food franchise opportunities. By partnering with us, you’ll be able to leverage built-in demand, a successful track record, and an experienced network. Our franchise opportunity includes a proven franchise model, expert operational process, a growing preference for Greek food, and a long-term partnership. We’re there for you every step of the way, and you can enjoy these benefits the moment you open your doors.
If you’ve ever wanted to be your own boss and take advantage of a booming industry with many benefits, consider opening a restaurant franchise with The Great Greek Mediterranean Grill.
These are just a few of the reasons why you should open a restaurant franchise with The Great Greek Mediterranean Grill. Contact us today to learn more about what it takes to get started.
