Successful Taiwanese Franchise

The restaurant business is notorious for failure. Statistics show that 60% of food service businesses don’t survive their first year. The high running costs (rent, salary, and raw materials) and heavy reliance on chefs are among the top risks faced by restaurant owners. A restaurant under a franchise is a much safer play as it eliminates most of the uncertainties in the equation. This Taiwanese franchise has been open for 5 years with consistent profits, but the current owners do not have enough manpower to continue operating.

Competitive Advantage:

• 5 years of business, stable customer base and profits
• Restaurant is in areas with high foot traffic
• Already fully decorated and well-equipped

Development Potential:

• Franchising rights on foreign catering brands
• Easily replicable business model

Potential Risks:

• Many similar competitors, may need stronger marketing and publicity

Things to Note:

• The business is part of a franchise, therefore must be managed within the terms of the franchise contract
• Can hire additional staff
• Rental and utility deposits not included in asking price