There are many benefits to getting into the restaurant business. Get up to speed with the top seven reasons why you should get into the restaurant industry.
Why Consider a Restaurant Business?
Sure, there are a lot of business ventures out there and some believe now is an inopportune to open a restaurant. Here’s why we disagree.
1. It’s Profitable
You may have heard that the profit margins for restaurants are not particularly high. While the average profit margin for a restaurant falls between 2%-6%, the type of restaurant you open will help you get to the higher end of that percent range. According to Small Business Trends, diners are one of the most profitable types of restaurants. Food costs for breakfast meals are not particularly high, allowing you to bring home more of the bacon at the end of the day.
2. You Get to be Your Own Boss
Like most business ventures, when you start your own restaurant, you’ll be your own boss. If this has been something you’ve wanted for a long time, there’s no better time than now to start! You’ll be able to make the decisions at your restaurant – and recruit those that you think will work best in your business.
3. You Can Choose Your Team
Since we were just talking about recruitment, an underrated part of starting your own business is being able to choose who you work with. You’ll be responsible for bringing people in and interviewing them. You’ll get a sense of who you think will fit your model and culture, instead of leaving it up to HR at a regular 9-5.
4. It’s Social!
Once thing about owning a restaurant that people may not realize is how social it is. You’ll meet new customers (and ideally greet regulars) every day. A good restaurant owner makes it a point to greet and check in with diners to make sure they’re happy with their meals. Social butterflies thrive in this business!
5. Restaurants are Fast-Paced
If you get bored easily or like the thrill of being under pressure, restaurant life may be perfect for you. We’re sure you know this, but when it comes to food – people don’t want to wait. When diners come in, they’re hungry and ready to eat, which is what makes a restaurant so fast-paced.
6. No Two Days Are alike
Since you’ll be meeting different people in your restaurant every day, your days will all be different. Unlike a typical 9-5 job, the restaurant business allows you to experience different conversations daily. No more mundane, routine days.
7. You Could Have More Time
This one is huge, and it’s not true for every restaurant. Of course you will need to be in your restaurant regularly, but you don’t have to sacrifice having a life. At Scramblers, our locations are open from 6:30 a.m.-3 p.m., giving you more time in the evenings to spend time with family and friends.
The Breakfast Industry – a Grand Slam?
If you’re seriously considering owning a restaurant but aren’t quite sure what type of food to offer, might we suggest breakfast? Your doctor has probably told you it’s the most important meal of the day, and looking at the numbers, they’re not lying. It’s estimated that the U.S. Breakfast Market – including breakfast restaurants and diners – will be valued at $11.1 billion, growing at 9.8%, by the end of 2022.
Globally, it’s projected that the breakfast industry will only grow – making now a wise time to invest in a breakfast restaurant. If you feel a little uneasy about starting the next breakfast hot spot in your community, have no fear! Joining a franchise in the breakfast restaurant industry might be the right move for you.
Scramblers: The (Over) Easy Choice
When starting a foodservice business, a franchise like Scramblers is a great opportunity to invest in. At Scramblers, we provide ongoing support to our franchisees with systems like The Coop — our proprietary software that tracks everything from recruitment paperwork to operations manuals to daily finances — to make sure you have everything you need to run your business. We also have The University, a digital training platform, ensuring every member of your staff is able to properly learn their role at your restaurant before they start.
Currently, we have locations mainly in the Upper Midwest, but we’re planning on rapidly growing to other parts of the country, bringing our experience in the breakfast industry to new entrepreneurs. We’ve got the knowledge of how to build a successful breakfast restaurant, we just need you to have a passion and willingness to learn!
We think a breakfast restaurant franchise is an egg-cellent opportunity. Get started today!