You’ve thought that running a Hot Dog on a Stick franchise is the way to go for you. Now comes the time to figure out the particulars of your future franchise. There are a lot of choices for you to make. Luckily, we have some hot dog franchising tips to share to hopefully make your journey from business dreamer to business owner a smooth one.
You’ve heard it before: location, location, location. A great location can turn your business into a hit just like a bad location can turn it into a dud. When it comes to opening your business, the biggest hot dog franchising tip out there is to not limit yourself. There are certain site requirements to consider as you think about your location, but as for the actual location of your restaurant, you’re only limited by your mindset.
Hot Dog on a Stick traditionally has franchise locations in malls, shopping centers, and mixed-use facilities. Those places are great for franchises because of the high foot traffic on a daily basis. These are great locations because Hot Dog on a Stick stores aren’t the largest in terms of square footage and typically have great foot traffic.
An important hot dog franchising tip is to remember that there is no one perfect location. There are many non-traditional locations that work because they have a unique customer base. Non-traditional locations that have found success include ones on college campuses, casinos and in entertainment venues.
Starting, running, and managing your own business is massively rewarding. However, it can feel like a tall mountain to climb just to get it off the ground. An important hot dog franchising tip is to studiously keep on top of your finances when it comes to your Hot Dog on a Stick franchise.
Starting a franchise comes with its share of costs. In general, to get a Hot Dog on a Stick franchise off the ground and operating, it will cost between $338,200-$556,000. A lot of that depends on the location of the restaurant as well as its size. For financial assistance, options such as utilizing the Small Business Administration, cash, or bank loans can help you get on the road to owning your own franchise.
Starting your business may seem daunting, but remember that you are not alone. The whole team at Hot Dog on a Stick, and Global Franchise Group, is wholly committed to helping you turn your dream into a reality. The GFG family will be there for you to help find a location, open your business, train management, and so much more.
To learn more hot dog franchising tips and get on your way to running your own Hot Dog on a Stick restaurant, contact us today to answer your questions and for more information.