5 Tips for Franchisees

Courtesy Company
1 of 5

Be Savvy About Location

One of the toughest decisions for a potential franchisee is choosing where to set up shop. The good news is that many restaurant franchises, like Noodles & Company, a fast-casual restaurant chain based in Broomfield, Colorado, with more than 240 locations, won’t hesitate to share their knowledge of the site characteristics that lead to successful locations. But, “at the end of the day, the franchisee is responsible for selecting his or her own site,” says Wayne Humphrey, the company’s vice president of franchising. “And we have a very stringent approval process. They have to make a presentation to us with data on not just the demographics, but also the real estate picture--construction costs and co-tenants--and really sell it to us.”