Do you dream of opening your own business? It is an exciting time for entrepreneurs in the UK, where the dynamic and competitive restaurant market is thriving. In this busy environment, franchising presents a unique opportunity to enter the market with the support of an already established name. This business model involves a franchisor granting a franchisee the right to use a restaurant’s brand, systems, and support, running a restaurant as an independent operator, but with the full weight of the brand backing the endeavour.
UK Restaurant Franchising
There are many promising opportunities to open a restaurant through franchising in the UK. Due diligence is important, so if you are considering taking this path, educate yourself and ask for advice from professionals, as well as networking with other franchisees. To be successful, you will need to thoroughly understand the franchising model, knowledgeably assess your opportunities, and keep up with the latest trends and technologies. Even though franchising gives you a base from which to build, your hard work, determination, willingness to adapt, and understanding of the local market will be vital to your restaurant’s staying power. Additionally, it is crucial to have your legal affairs in order, making sure you are in compliance with regulations and labour laws, you are careful to protect any intellectual property, and you thoroughly understand the contract you are signing with the franchisor.
Benefits and Challenges of Owning a Restaurant Franchise
While owning a restaurant franchise offers a streamlined way to enter a competitive market, it is not without some challenges. Before deciding whether being a franchisee is the right option for you, make sure you understand this opportunity fully, with all of its benefits and challenges.
The Advantages of Being a Restaurant Franchisee Are Numerous:
- You benefit from brand recognition, because you are part of an already established brand.
- A proven business model is in place, saving you from some of the difficulties inexperienced restaurateurs can face.
- The franchisor offers training and support, to help your business run smoothly.
- Starting a franchise is less costly than starting a restaurant from the ground up.
- When you own a franchise, you reap the benefits of economies of scale.
- The marketing support you receive from the parent company is invaluable.
- Your likelihood of success is much higher with a franchise than with a restaurant that is just starting out.
There are, however, a few challenges:
- You will be required to pay ongoing fees to your parent company, which entails access to national marketing and technological advancements.
- The initial investment can sometimes be daunting, however we can assist you in sourcing funding.
- Finding an ideal location may seem formidable but with our expert advice we can provide insight and recommendations on securing a prime spot for your business.
So, how do you determine whether it is the right opportunity? First, consider the brand reputation. Look for a brand that is known for innovation and excellence, so that you can be proud to be associated with the company. Investigate the company’s financial performance, rather than accepting at face value any promises that are being made. Assess the support systems and technology of the brand you are considering, as well as the market demand for their product.
Working with Maki & Ramen
If you are interested in becoming a Maki & Ramen franchisee, we are interested in discussing this opportunity with you. We are committed to continuous improvement, remaining responsive and evolving to meet the challenges of the market and exceed the expectations of our customers. We are looking for like minded individuals, chosen through a rigorous selection process, in order to promote sustainability and growth. As a Maki & Ramen franchisee, you will own your own business, reap significant financial rewards, and enjoy comprehensive support throughout your time with us. We provide full training and access to operational guides, marketing materials and strategic advice, and performance tracking and monitoring. Who is our ideal candidate? It must be someone aligned with our values and principles, with a passion for hospitality and a willingness to invest in his or her future.
Contact Us to Learn More
We would love to begin a conversation to determine if you are a good fit for our restaurant culture and values. Inspired by the ramen shops of Japan, Maki & Ramen was founded by Teddy Lee, our CEO, in 2015. With a background as a Chef, having studied in a sushi academy in Tokyo, he wanted to introduce high-quality ramen and sushi to our local communities. Today, we have multiple other Asian restaurants as well, having extended our reach around the UK. Our team has one objective: to serve delicious, accessible, high-quality Asian food. The strength of our community and our shared passion propels us forward, championing the joy and diversity of Japanese cuisine, promoting inclusivity in dining. Whether they prefer the comforting warmth of our signature Tonkotsu Ramen, or the refined simplicity of our high quality sushi, about tens of thousands customers find something that caters to their palate every month. To join us on our culinary adventure, whether as a franchisee or a customer, drop by one of our locations, order online, or learn more about our franchises through our website.