![]() ![]() What to Ask a Franchisor Before Investing in a Multiple Unit Franchise Believing in the brand’s mission and messaging, good communication, being able to adapt to a standardized franchise system, and having an openness to learn and implement new information will help position you for the hard work it takes to own multiple franchises. Passion and love for the brand you are franchising is very important for owning multiple units.You’ll want to set up a well-defined system with your team for both building your locations and running your units that compliments the system established by the franchisor. As the head of an expansive team, managing numerous locations you’ll need clear communication skills, the ability to delegate, and problem solve. Managing your trusted team requires certain skills.Establish trust with your staff to run things on your behalf since delegation is a must when owning multiple units. Since you can’t be at all your locations at once, having a strong team in place will help you to ensure daily operations run smoothly. To successfully operate your numerous locations, you’ll need to assemble a team of trusted and skilled supporters and staff.You’ll need relationships with lending institutions, access to cash, or even multiple business partners or investors with the needed funds to finance multi units. To be a multiple unit franchise owner, you must meet the franchisor’s minimum financial requirements and have access to the necessary real estate and capital to fund your business venture.Many franchisors are seeking such individuals to help them expand their brands and may provide certain franchise development incentives programs such as discounts on certain franchise related fees. Commonly, many multi-unit investors come to the game as well funded, seasoned operators or business executives with experience in business ownership and management.These five characteristics and resources are the keys needed to unlock multi-unit franchise success: Whether they own multiple locations of one brand or have large investment portfolios including multi-units of more than one brand in a variety of markets, these ambitious entrepreneurs tend to have certain qualities in common in their approach to growing with a franchise brand. Whatever type of multi-unit investment you make, be it a multi-unit restaurant franchise like Penn Station East Coast Subs, or another type of franchise for sale, it takes a certain kind of person to be a multi-unit investor. What It Takes to Run Multiple Units: Five Keys to Success Here are a few points to consider as you conduct your due diligence on how others have positioned themselves to achieve financial success by owning multiple franchises. The chain has more than 310 locations in 14 states.Multi-unit franchising can be one of the fastest paths to achieving generational wealth, but, like any new business venture it is not without risk and hard work. > Restaurant highlights from September: 9 openings, 5 coming soon and 4 closing Penn Station offers dine-in service, carry-out and catering. Penn Station East Coast Subs offers an assortment of hot and cold deli sandwiches, wraps and salads, including the chain’s signature Philadelphia cheesesteak sandwich, along with fresh-cut fries, lemonade and chocolate chunk cookies baked daily in the restaurant. > PREVIOUS COVERAGE: Penn Station East Coast Subs opens new restaurant in Xenia (February 2018) When Penn Station opened its newest Dayton-area restaurant on Hospitality Drive in Xenia in February 2018, the company’s president, Craig Dunaway, said, “Dayton has been a great market for Penn Station, and we’re excited to bring the brand to Xenia.” This news outlet has reached out to the new owners and will update this story as we obtain any new information. ![]() > Former owner of Chin's restaurant in downtown Dayton retires, joins school cafeteria staff He has been with Penn Station for 24 years. Gavin is Quaker Hospitality’s managing owner. The team we have inherited is tremendous, and this business fits perfectly with our investment strategy.” As we dug deeper, the culture of the business impressed me. McLean said, “As a native Cincinnatian, I appreciate the strength of the Penn Station brand and its product and service reputation. ![]()
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