Big Boy Restaurants started in Glendale, California, as a small restaurant called Bob's Pantry. His goal was to serve the finest quality food and have the best service, which still applies throughout all Big Boy Restaurant Franchises located across the United States of America today.
Famous for their original double-decker hamburger, they also serve incredible sandwiches, fresh soups and salads, onion rings, Steaks, Pasta, Quesadilla, and Kids meals, lets not forget their most delicious breakfast available morning, noon and night.
Franchising Tips and Facts
Big Boy Restaurants franchises offer the franchisee a license or right to sell its goods or services and/or use its business techniques. The franchisees usually pay an initial fee to acquire this right, and thereafter pay a percentage of their gross sales to the franchisor throughout the term of their franchise contract. In return for these payments, Big Boy Restaurants franchisees gain priveleges, including the right to sell a proven and recognized product or service, to use the franchisor's business practices, and to receive initial training and ongoing support.
In addition to the initial investment required for a Big Boy Restaurants Franchise, you will also need money to sustain yourself, and the business, until it becomes cash positive. Remember, too, that projections may not be accurate. Market conditions can change and if it takes longer than originally anticipated for the new business to reach breakeven, you'd should have some emergency funds set aside, or it could mean the demise of an inherently sound business.
Investigate earnings claims. If a franchisor makes earnings claims, they are required to have in writing the facts upon which those estimates are based. A seller must tell you the number and percentage of owners that have actually met the claimed profit margins. Beware of broad and unsubstantiated claims.
When considering a Big Boy Restaurants franchise, try to understand why they are offering you the business in the first place. Very often, franchising is an extremely quick low-risk method of expanding a successful business across the world. As a franchisee, you take on the majority of financial risk. In return the franchisor is offering a successful business formula that has been proven to work. But before you go ahead, ask yourself whether the support, training, stock, experience and brand name justifies the investment asked.
Although the success rate for franchise-owned business is generally better than the success rate for many independent businesses, there is no franchise formula to guarantee victory. The same may also be said of the profits generated. Often the margins you make are a reflection of your ability to properly run your franchise, however you may be able to get a document from the franchisor that illustrates the typical franchise earnings. If the franchisor does not provide such a document, you should contact a number of franchisees in the market you are interested in and seek their advice on the business' profitability.
Please Note: Big Boy Restaurants, and other franchise opportunities, business opportunities,
businesses and franchises for sale on this web site are not to be
considered as an "offering," suggestion or approval by
ActiveFranchising.com. As always, we recommends seeking the advice of a lawyer, financial consultant or
accountant before purchasing a franchise or business opportunity.
