As an entrepreneur, you likely want to make your mark in the business world and your community. For many, a multi-unit restaurant business can be an avenue to do just that. If you’re looking to own multiple locations, you are not alone.
In fact, the International Franchise Association estimates in its 2024 Franchising Economic Outlook there will be 15,000 more franchise establishments open in 2024. Multi-unit operators (MUOs) certainly make up a large portion of these new and existing franchises. A February 2023 Entrepreneur article by Alicia Miller reports more than half of franchises and more than 80% of quick-service restaurants (QSRs) are owned by MUOs. Multi-unit franchising can be a lucrative career for the savvy businessperson.
The Appeal of Multi-Unit Franchising
The multi-unit franchise model offers a unique advantage: the opportunity to replicate a business across several locations. This can allow owners to leverage economies of scale, streamline operations, and potentially maximize profitability. As seen in the statistics above, owning multiple units is particularly popular in the restaurant sector.
How Does Franchising Facilitate Multi-Unit Ownership?
Franchising can be a great way to scale a business, as the same business model has been replicated across markets. Owning a franchise gives you access to a structured pathway for multi-unit ownership by providing the framework, support, and resources necessary to manage several units effectively. This may include help with marketing, training, operations, and more. This type of support may help you grow a business to multiple locations much more easily than if you were trying to scale on your own.
Be an MUO with Penn Station
Does Penn Station East Coast Subs support franchisees in multi-unit ownership? Absolutely. Penn Station is committed to supporting our franchisees as they grow by providing comprehensive training programs, operational support, and marketing initiatives as part of our commitment to supporting our franchisees and setting them on the path to multi-unit management.
Penn Station East Coast Subs ranks as one of the best multi-unit franchises, according to Franchise Business Review’sshortlist and Franchising.com’s 2023 Multi-Unit 50. We focus on premium ingredients for our customers and premium franchise growth support for our franchisees. Our Target Growth Area Development Incentive Program has helped our franchisees grow their business portfolio. The program provides qualifying franchisees in eligible markets the following::
- Half the initial franchise fee (cut to $12,500 instead of $25,000).
- 0% royalty for the first six months (180 days) from the opening date. Standard royalty structure applies thereafter.
Learn More about the Penn Station Franchise Opportunity
If you’re looking for a multi-unit restaurant opportunity, look no further than Penn Station East Coast Subs. Our multi-unit incentive program allows for entrepreneurs to pursue success with several locations. We’re ready to scale your business with you. Ready to expand your business portfolio? Request information on Penn Station franchising today.
The information presented in this blog is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. Franchise opportunities with Penn Station East Coast Subs are only available in certain states. This website and the information contained herein do not constitute the offering of a franchise in any state or jurisdiction where such an offer or solicitation would be prohibited by law or regulation. We will not offer you a franchise unless and until we have complied with all applicable pre-sale registration and/or disclosure requirements in your jurisdiction.
Penn Station, Inc. 1226 US 50, Milford, OH 45150. Penn-Station.com
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