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.
What you need to know
Some useful advice to consider when looking for a Food Franchise
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Would you make a good franchisee?
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People are thinking more about what they're eating - and food franchises are rising to meet the challenge. Simon Lord investigates how fast food is becoming healthy food.
September 2009 - In the last 10 years McDonald's has changed from fast food fatty to green salad goody. Why was it necessary - and how were franchisees persuaded to make huge reinvestments in their businesses?
Food and franchising go together like fish and chips, but the market’s changing faster than ever. Simon Lord looks at some of the latest trends that you should consider if you’re thinking of buying a franchise
McDonald’s are selling pies, school kids are buying sushi, you can eat like a caveman at your local café and Kiwis hold world sales records for two global burger chains. What’s happening in food franchising?
Donna Ferrall reveals what new franchisees need to know about buying a food business to ensure you bite off only what you can chew
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