Running a hot dog business doesn’t require industry experience, or even experience running your own business. Hot Dog on a Stick has developed a time-tested business model that doesn’t need much tweaking, so you don’t need to be an entrepreneurial wizard to leverage it. That being said, there are a few qualities we look for in our franchisees. Here, learn what it takes to run a hot dog business as a Hot Dog on a Stick franchisee.
Enthusiasm goes a long way in starting a new business. There’s a lot to learn (although we do strive to simplify the training process), so we’re looking for franchisees who are excited about getting their new business up and running. We believe in our franchisees and work hard to support them, but their motivation to take initiative and leverage our system is what truly makes the difference.
All of our most successful franchisees shared a strong ambition to grow their business. Hot Dog on a Stick offers franchisees numerous ways to do just that, whether it’s by running multiple units, investing in other Global Franchise Group brands, or even opening cobranded locations. We provide franchisees with valuable tools to help their businesses grow, and their ambition is the impetus for that growth.
Being a franchisee affords you a good deal of independence, but it’s not exactly the same as being an independent owner. We see our franchisees as being part of a team, so it’s important that they have the mentality of a good teammate. For instance, we’ve established a number of processes and operational systems that we’ve found to ease the job of running a hot dog business. We’re looking for franchisees who are excited to work within those systems to grow their business, while also giving us feedback on their experiences.
The total cost to open a Hot Dog on a Stick franchise will vary depending on many factors, such as the location type you choose. We estimate that the investment will start at around $338,200. Of course, we welcome franchisees to seek financing (such as an SBA loan) to help cover the initial expenses. We’re looking for franchisees who are prepared to cover the investment on their own, or who have the credit needed to secure financing. When you contact us, we’ll give you information on what we look for in liquid assets from prospective franchisees.
These are just a few of the qualities that make the job of running a hot dog business easier. Contact Hot Dog on a Stick today to learn more about what it takes to invest.