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Restaurant Franchise – Is It for Me?
“As a franchise you don’t start a journey, you actually board a running train“The restaurant industry employs the highest number of people and, pre-Covid, it was growing at the rate of 9% YOY, which is higher than India’s GDP rate. Yet, restaurants see the highest failure rate as compared to any other industry. The restaurant industry attracts all kinds of people – from sportsmen, to actors, to businessmen and even politicians. Still, over 40% of new restaurants are unable to make it through their first three years. Surprisingly, even a business which has glamour, cash transactions, limelight, high growth rate
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“As a franchise you don’t start a journey, you actually board a running train“The restaurant industry employs the highest number of people and, pre-Covid, it was growing at the rate of 9% YOY, which is higher than India’s GDP rate. Yet, restaurants see the highest failure rate as compared to any other industry. The restaurant industry attracts all kinds of people – from sportsmen, to actors, to businessmen and even politicians. Still, over 40% of new restaurants are unable to make it through their first three years. Surprisingly, even a business which has glamour, cash transactions, limelight, high growth rate […]
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