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Difference Between a Chain and Franchised Restaurant

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Chain Restaurant vs. Franchise Restaurant ... In a chain business, one parent company owns all of the business locations, whereas independent owners operate ... CultureMusicSportsFood&DrinkEntertainmentLifeHomesNewsWeatherShoppingJobsCarsHearstNewspapersparticipatesinvariousaffiliatemarketingprograms,whichmeanswemaygetpaidcommissionsoneditoriallychosenproductspurchasedthroughourlinkstoretailersites.DifferenceBetweenaChainandFranchisedRestaurantSmallBusiness|BusinessModels&OrganizationalStructure|FranchisesByChronContributorUpdatedNovember20,2020WhatDoesFranchisingMean?Franchisevs.DealerHowtoOpenMyOwn7-ElevenFranchiseReasonstoFranchiseaBusinessFourTypesofFranchisingSincetheGreatAtlantic&PacificTeaCompany,popularlyknownastheA&Pgrocery,introducedthechainstoreconceptintheUnitedStatesin1859,manyrestaurantshaveusedthisbusinessmodeltoexpandsuccessfullyacrossthecountry.Anotherbusinessmodel,franchisinggotstartedintheUnitedStatesduringthe1850sasI.M.Singer&Co.soldsewingmachinesinthismanner.Sincethattime,manyrestaurantshaveadoptedtheconcepttooffertheirprovenbusinessmodeltoentrepreneurs.AsreportedbyCNBC,about81.5percentoffast-foodchain’srestaurantsarefranchised.FranchiseModeofRestaurantWhenacompanydecidestoexpand,itcansellfranchisesorexpandonitsown.Whenthecompanydecidestofranchise,itsellsitsprovenbusinesssystemandbrandtoaninvestor.Forexample,analreadysuccessfulrestaurantcantransferthebusinessmodelandbrandtoinvestorsinothertowns.Ifthemainbusinessdecidestoexpandonitsown,itbuystheequipmentandrealestatenecessaryforexpansion.Withfranchises,individualbusinessownerscontrolqualityinanindependentlocation.Ifonerestaurantdoesnotperformuptothestandardssetforthbythefranchisor,itcanreflectnegativelyontheoverallbrand.AsreportedbyForbes,thebestexamplesforafranchiserestaurantisMcDonald'sandDominos.WhilstMcDonald'sconceptfocusesonqualityandconvenience,Domino’spizzafocusesondelivery.ChainRestaurantvs.FranchiseRestaurantInachainbusiness,oneparentcompanyownsallofthebusinesslocations,whereasindependentownersoperateindividualstoresinafranchisedbusinessconcept.Withachainrestaurant,onecompanyhandlesallofthemanagementfortheentirebusiness.Withchainstores,theparentcompanyretainsqualitycontrolineachindividualrestaurant.Inthecaseofafranchise,there'snocentralownershipactivelyinvolvedwithallofthestores.Investorsoftenpurchasemorethanonefranchise,butmanyowner/operatorstypicallyrunjustonelocation.RisksinRestaurantBusinessOneofthekeydifferencesbetweenfranchisingandchainstoresistheamountofriskinvolved.Whenacompanychoosestoexpandwithchainstores,itassumesalloftherisksonitsown.Itfundstheentireexpansionproject.Bycomparison,whenacompanyfranchises,itpassessomeoftherisksontootherinvestors.Franchisingrepresentslessriskfortheparentcompany,butitshiftstherisktothefranchisee.PotentialofRestaurantBusinessWhenexpandingabusiness,theownersmustconsiderthepotentialinvolved.Whenassumingthefullriskofexpansionwithachain,theownersalsogaingreaterpotentialforprofit.Thecentralownershipretainsalloftheprofitgeneratedfromeachchainstore.Bycomparisonwithafranchisebusinessmodel,ownershipgetsonlyapercentageoftheprofitandafranchisefeeatthebeginning.Thislowerstheoverallearningspotentialfortheowners.ReferencesForbes:DevelopingASuccessfulFranchiseConceptCNBC:Franchiseplayers:MegachainsthatrelyheavilyonfranchisesRelatedArticlesHowtoBuyaDomino'sPizzaFranchiseMcDonald'sFranchiseLocationRequirementsSummaryofWhataFranchiseIsAdvantages&DisadvantagesofCo-BrandingAmongFranchisesAdvantages&DisadvantagesofInvestorFundingforaRestaurantCompanyOwnedVs.FranchisedChainsChainVs.FranchiseTheDifferenceinFranchiseeandFranchisorHowDoesSomebodyStartaKrispyCremeFranchise?WhatDoesFranchisingMean?Franchisevs.DealerHowtoOpenMyOwn7-ElevenFranchise1HowtoBuyaDomino'sPizzaFranchise2McDonald'sFranchiseLocationRequirements3SummaryofWhataFranchiseIs4Advantages&DisadvantagesofCo-BrandingAmongFranchises

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