Would it make sense to seek an investor for an upscale franchise?
When I think about franchising, I think about Subway and Quiznos and McDonalds and all that. But I would like to open up a more upscale restaurant I wanted to know if it would be appropriate to seek funding for a franchise like that?
I mean, what would I have to bring to the table to see funding for something like an upscale restaurant? If it is appropriate to seek funding for a franchise, that is.
Most restaurant franchises go for under $1M but you’ll also have to pay for the location, building, etc. so you’ll probably need at least another $1.5M-2M just to get started.