Have you ever tasted a french fry and just knew it was meant to be? I mean, french fries are serious business. So is franchising. What if you could mix up your love for french fries with your passion from starting a franchise business? It’s all possible with Potato Corner. I know, amazing, right? Today, we’ll dive into this franchising business to find out all of the nitty-gritty details to see if you are choosing the right franchise for you. Because as we all know, franchising is no easy task. You are taking on the responsibility of running the brand that someone else created with their hard work, blood, sweat, and tears. You have the responsibility of keeping their vision alive and thriving. But you also have the responsibility of building this business to make it a success for you without the extra stress and headaches. So, you need to make sure that the business isn’t already going downhill and that they offer what you need. So let’s take a read and figure out everything there is to know about how this business runs and what makes this opportunity so amazing (or horrible). You’ll have to stick with me to find out for sure!
Nobody Puts Potato in the Corner
Potato Corner offers some of the greatest-tasting and seasoned french fries and other potato fixings. They will even throw in some chicken on the side. Whether baked or fried, no matter the potato you are craving, you’ll be sure to find it at Potato Corner. First, you pick your size, then choose the type of potato, then grab some of their flavor-filled seasonings and you are good to go. It’s the go-to place all across America for delicious french fries. Their franchise opportunity is no different. It is truly a great experience for those with a craving for french fried potatoes. Oh, and loaded baked potatoes as well! With this opportunity, you can grab a bucket of fries any time you desire and give your neighborhood the chance to receive great-tasting food as well! There’s none other like Potato Corner, and we are about to dive right into this franchise business and find out all of their dirty little secrets. Not really, but you get the idea.
Franchising Potato Corner
O you have a high-traffic location near you that you’re dying to grab and turn into a Potato Corner franchise business? Then listen (or read) up. Since beginning in 1992, the franchise opportunity has definitely shown some growth. By the end of 2017, there were a total of 26 franchise outlets running. While this number is quite low, there still shows to be some interest in the opportunity. There is, however, a medium level for their turnover rate. The current turnover rate for Potato Corner is 12.14, which tells us that there could be some risky business going on. Although, this could be high only because franchises decided on not renewing their agreement. To understand the complete reasoning behind this turnover rate, it’s important to contact the company and ask the right questions. A good question would be to ask how many current outlets are running an how many terminations has there been over the years. Another disadvantage for this business would be that they offer no financial transparency with their franchises. With financial transparency, you can be given certain data and detailed information on sales and location data. However, with Potato Corner, it doesn’t seem that you will be getting much from them.
Let’s talk money for a minute. How much is this opportunity going to run you? To get started, the franchise fee for Potato Corner is around $30,000. The total investment and asset requirement is anywhere between $175,00 and $570,000. Potato Corner requires certain investments from certain states, so it would be best to contact them directly for the exact requirement. They also request an ongoing royalty fee of 6% and an advertising fee of 1%. These fees are naturally a little lower than average. So it’s got that going for them at least. For the initial term, you are required to sign into a 10-year agreement with the company. You can then choose to renew for another 10 years at a time. Potato Corner does not offer any financing or discounts, but they do provide a discount under certain conditions.
Franchising Potato Corner does have some other advantages besides the refund (which hopefully won’t be needed anyway). They offer on the job and in-classroom training so that you understand entirely what is expected of you and how to run your new business. This can truly come in handy, along with the computer and tech support they choose to provide. Territory rights are also given to you for your franchise location(s). So you never have to worry about being taken over. These specifics can really make the difference when choosing your franchise business opportunity.
The Overall Experience
Potato Corner is honestly a great establishment. They have a one-of-a-kind business running that offers delicious french fries with delectable seasonings for you to choose from. There aren’t many restaurants around the country that offer this type of great tastiness. Luckily, their franchise business opportunity is just as good! Truthfully, I believe that this franchise is a fantastic one to sink your teeth into. There are plenty of benefits and the pricing is pretty good as well. In my personal opinion, I feel that the benefits far outweigh the negatives. However, the choice is always yours in the end. If Potato Corner is calling your name, then grab the phone or hop on their site and request some more information on this opportunity. Always remember to have a specific list of questions ready to ask them so that you have full knowledge of what you are getting into. Take action and get your hands on this opportunity so that you can provide your community with a fun-filled establishment with delicious fried and loaded baked potatoes!