Food Franchises in NZ
People always need to eat and the food business is ideally suited to franchising. There’s a huge range of opportunities from mobile food and coffee franchises through fast food outlets, café franchises and restaurants. There are food retail franchises from bulk stores to specialist chocolate boutiques and food distribution. Some specialise in healthy eating options, and it's alway important to be aware of the latest trends.
As a result, the cost of food franchises can vary enormously from under $25,000 to over $500,000. There’s more to the costs than the franchise fee – while mobile and distribution franchises tend to be low-investment, the bigger opportunities require premises, specialist equipment, more staff and longer hours.
This means that when you’re looking for a food franchise, it’s important to do more than ask ‘How much does it cost?’ and ‘What experience do I need? Do your research – we recommend putting in an hour of research for every $1000 that you plan to invest. Apart from talking to the franchisor and asking them lots of questions, it’s also a good idea to talk to franchisees who are already running the business to get all the information you need before you open your own business.
While there are many good food franchise opportunities for sale, they are all different. Before making your decision, you should consult a lawyer specialising in franchises. You’ll also want to know how much you can make from a food business so consult a financial advisor or accountant experienced in franchising. If you need finance, there are a number of banks which specialise in financing food franchises.
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