Restaurant franchises are everywhere! If you are thinking about investing in one of the many restaurant franchise opportunities out there, finding the right location for your chosen franchise is imperative. Restaurant franchises are part of one of the most successful industries in the world, but many risk the potential to fail if they do not choose their location wisely. Before you invest in a particular franchise concept, understand who the team is that helps you with your site selection, understand the methodology, process, and “science” behind how they make a decision on a location. Here are some criteria for finding the perfect franchise location for a concept like B.GOOD, a restaurant franchise that is bringing healthy eating to a fast-casual dining concept.
Ideal Demographic for a Restaurant Franchise
When you have a healthy fast-casual franchise like B.GOOD, there is an ideal demographic you need to target in order to open with confidence that your franchise is likely to succeed. Since the concept is based around healthy, locally-sourced foods, B.GOOD franchises thrive where there are farms within driving distance to get their supplies. We like to keep our minds open when it comes to location, because more and more Americans are looking for healthier, quick options that they can take with them. This means our demographic is broad and there are ample territories out there that are poised for success.
You may find a location that you feel is in the perfect
In franchising, the ideal “Sales to Investment Ratio” is approximately 2:1. In other words, if it costs you $500k to build your restaurant, you want to have confidence that your sales will be $1 million dollars (2:1). We help all of our franchisees with location scouting so that they can find a site that meets all of the requirements and can support your new B.GOOD franchise. We are constantly ‘value engineering the box’ in an effort to trim costs out of the development of our restaurants.
At B.GOOD, we make sure our investment covers everything our franchisees need to open their restaurant franchise. There are a lot of different locations out there for a franchise like ours, and, with our veteran team of franchise real estate, design,
If you are looking into restaurant franchise opportunities and want to learn more about the ideal location for a B.GOOD, reach out to us!