Ready To Franchise? Consider This First

BusinessNewsDaily:

Going from a one-unit business to a franchise can be a big leap. Pierre Panos, founder and CEO of the upscale fast-food chain, Fresh to Order, knows all about it. His company, which was founded in Atlanta in 2005, recently began franchising. It currently has two franchised units and has agreements to franchise several more in 2011.

Panos offered BusinessNewsDaily readers a few do’s and don’ts to consider before franchising their own business idea.

Do’s:

* Ensure your unit economics work for you before franchising. You should feel comfortable opening your own stores when you’ve proven your financial model can work. After opening the first Fresh to Order in 2005, we spent the next five years perfecting the concept and opening additional locations before we began franchising.

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