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<a href="http://ownatoastery.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=emerging-franchisors-to-watch-famous-toastery-2706056" target="_blank" rel="nofollow" target="_blank">Famous Toastery</a> is a name the restaurant world needs to remember. The breakfast and lunch franchise is doing all of the right things to propel them to the top. Starting in a small house-turned-restaurant to having a presence within six East Coast states, <a href="https://famoustoastery.1851franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=emerging-franchisors-to-watch-famous-toastery-2706056" target="_blank" rel="nofollow" target="_blank">Famous Toastery</a> is growing quickly, spreading its franchisees-first mentality throughout the United States. Here is a little more about the brand.

Before &lsquo;The Toast&rsquo; was Famous

In 2005, best friends Robert Maynard and Brian Burchill were at very different points in their lives. Robert worked on Wall Street and Brian was an aspiring North Carolina Chef. Having a great understanding of his best friend, Brian convinced Robert to visit him in North Carolina. Three days later, the two best friends, became business partners.

&ldquo;He asked me to get involved and I basically told him that he was out of his mind. He said, &lsquo;Look, just come and help me.&rsquo; He set up a car, plane ticket and a place to stay for a couple of days and by the third day we had a deposit on a space that was an existing restaurant,&rdquo; explained Maynard.

Both Maynard and Burchill wanted to bring two things to the Huntersville, NC restaurant scene: fresh-made breakfast and a fun atmosphere. The two decided to invest in a small house that they turned into a restaurant. Before they knew it, Famous Toastery was born. Soon after the restaurant&rsquo;s conception, the two adopted the &ldquo;every server is your server&rdquo; philosophy, which put the customer&rsquo;s experience on a pedestal. Eight years later, Famous Toastery grew to three locations within North Carolina. From there, the owners decided to share their successful business with the franchise world.&nbsp;

To this day, Robert Maynard explains his business by utilizing the term &ldquo;Better Breakfast.&rdquo;

&ldquo;Better breakfast is still an untapped market. We have a tremendous following of loyal and regular customers because our brand is up-front about where our food is coming from. We are the antithesis of the greasy spoon. Everything we serve is created that day. We come in early to prep and make everything from scratch daily&mdash;from salad dressings to roasted turkey and baked chicken. No detail is too inconsequential&mdash;everything is fresh and made with the best, natural ingredients.&rdquo;

Famous Toastery &ldquo;spreading&rdquo; its fame

The better breakfast franchise has 26 locations with at least five more locations signed and in development. The brand seeks as many as 30 more locations to be in development within the next 18 months. These locations looked to be sold to prospective franchisees in single or multi-unit packages.

The franchise is preparing itself for more growth with open territories in Virginia, Ohio, Colorado, Kentucky and even its home state of North Carolina. Maynard explains why the brand is currently targeting Louisville.

&ldquo;Famous Toastery is a family-oriented restaurant, and Louisville is a very family-oriented city,&rdquo; said Maynard. &ldquo;We&rsquo;re not a grab-and-go shop where we are rushing people in and out the door at lunchtime. People come to us for a delicious breakfast or lunch with their friends or family, so we are focused on great food and impeccable service. That&rsquo;s going to be very received in Louisville.&rdquo;

Toasting to Famous Toastery

Brunch has been revitalized throughout the United States, and Famous Toastery is licking its chops. There are major plans to take advantage of this weekend trend as it is right in the brand&rsquo;s wheelhouse. Maynard says &ldquo;Brunch is hot right now throughout the U.S. and no other concept can match the way we do it.&rdquo; Famous Toastery&rsquo;s brunch is extremely versatile with meals all over the spectrum pertaining to the healthy customer and those looking to loosen up earlier in the day. The brand has a unique edge over its competitors is allowing its customers to indulge in alcoholic beverages.

The brand plans to utilize the momentum built last year to grow its presence within the franchise industry. Maynard explains, &ldquo;Everyone right now is looking for the newest, freshest, most unique breakfast and brunch options,&rdquo; said Maynard. &ldquo;We were looking to disrupt the better-breakfast segment, and if you look at our success so far in 2018, you can see that is exactly what we have done.&rdquo;

Investing in the Toast

There are many reasons to invest within the Famous Toastery franchise brand. First, the franchise provides freedom to franchisees.

&ldquo;Our hours are very attractive to franchisees and their employees. This is a business opportunity that yields the same volume of sales as a quick-service restaurant that&rsquo;s open 24-hours, but it allows employees a better quality of life&mdash;they&rsquo;re able to wrap up their day and head home to their families by 4 p.m,&rdquo; explains Maynard.

On top of that, the brand&rsquo;s proven model has brought their franchisees success. The brand takes a &ldquo;ground up&rdquo; approach, which encourages high sales numbers. The model&rsquo;s marketing mindset allows the concept to catch on with consumers, which, again, leads to high sales numbers. In fact, the brand has seen 9% of same store sales growth within the past year.

Moreover, Famous Toastery considers itself a lifestyle brand. One of the many reasons why Maynard and Burchill opened their first restaurant is because of the importance of work-life balance. The two wanted to implement it moving forward within their lives and strive to implement it with anyone joining the Famous Toastery family. Maynard explains, &ldquo;We believe the franchisees are the most important part of the equation. If they&rsquo;re happy and making money, their customers will be happy. They&rsquo;re the ones putting the money up and investing in the brand and the people behind it &ndash; we take that very personally.&rdquo;

Emerging Franchisors to Watch: Famous Toastery

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Better breakfast brand beginning to wake up within franchising. 

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How much can franchisees make? It’s a question many prospective owners ask before investing in a franchise. While earnings tend to be driven by variables such as industry, location and general management skills, a proper understanding of the key factors driving profitability can help franchise owners develop expectations that are realistic.&nbsp;Multi-unit franchisee&nbsp;<a href="https://www.linkedin.com/in/mangesh-patel-9368569/">Mangesh Patel</a>, who’s readying the launch of six&nbsp;<a href="https://www.beefobradysfranchise.com/">Beef ‘O’ Brady’s</a> restaurant locations in the Macon, Georgia area, shares insights from his franchising experience.<h2>Understanding Franchise Income</h2>Keeping operational costs in check can have a major impact on overall earnings. Taking a proactive approach to expenses such as food and labor, as well as payroll and scheduling, can help align actual franchise income with general expectations for the business.“I just had a meeting with a couple of people, and they said, ‘You talked about a 25% profit margin, but I’m only doing 12%.’ So, I looked at the figures they sent me,” Patel said. “Their&nbsp;<a href="https://1851franchise.com/calculate-restaurant-franchise-profit-2730476">restaurant</a> food cost was running at 37%, which should be around 30%. The national average is about 32%. If I do things correctly, my average food cost needs to be at or below 30%. And payroll should run around 18%. But many people run 25 to 28%.”So,&nbsp;<a href="https://1851franchise.com/unraveling-franchise-earnings-how-much-can-you-really-make-2723935">how much can franchisees make</a>? Here are five areas to consider.<h2>Practical Tips for Prospective Franchisees</h2><ol><li>Control Costs From Day One:&nbsp;It’s important to monitor payroll, food and supply costs closely. Overstaffing and inefficiencies can quickly reduce profits.</li><li>Plan For The Opening Surge:&nbsp;Traffic within the first few months of opening is likely to be higher. It’s important to adjust staffing and inventory accordingly, and pay close attention to how those levels change as time goes on.</li><li>Invest In Training:&nbsp;Properly trained workers can help reduce waste and improve overall service, which has a direct effect on net income.</li><li>Understand Your Market:&nbsp;Each market is unique and revenue potential will vary depending upon location, demographics and competition.</li><li>Track Metrics Regularly:&nbsp;Food cost percentages, labor ratios and weekly sales data act as key indicators operations may need to be adjusted.</li></ol><h2>What Profitability Really Comes Down To</h2>Patel notes that if franchise owners manage labor and costs properly, it’s not impossible to achieve strong cash flow even in the first year, bucking some franchising trends.So,&nbsp;<a href="https://1851franchise.com/how-much-can-you-make-as-a-franchise-owner-2724761">how much can franchisees make</a>? While results tend to vary, careful planning, disciplined operations and a proactive approach to assessing initial costs are essential. But by grasping and guiding the elements that drive franchise profitability, franchise owners can maximize overall business earnings, scaling a business that’s sustainable financially over the long term.Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.

How much can franchisees make? This guide explains what drives franchise earnings and how to manage costs, with expert tips from multi-unit owner Mangesh Patel on maximizing your franchise income.

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Understanding&nbsp;<a href="https://1851franchise.com/how-much-money-do-i-need-to-buy-a-franchise-a-guide-2730910">the total investment</a> required for a franchise is one of the first questions prospective franchise owners ask. While the answer can vary widely depending on brand, industry and market, knowing what goes into it can help entrepreneurs evaluate opportunities realistically (and avoid costly surprises).So, what&nbsp;is the total investment required for a franchise? The total investment reflects everything needed to open and operate the business and adequately navigate its early stages, from buildout to working capital.<h2>Why The Total Investment Matters</h2>Transparency is important. Investment details should be front and center early in the discovery process. It should also be a significant element of the franchise development website for any business opportunity.“The most visited page is the initial investment/start-up cost,” said&nbsp;<a href="https://thejointfranchise.com/">The Joint Chiropractic</a> Senior Vice President, Development&nbsp;<a href="https://www.linkedin.com/in/cmsherwood/">Craig Sherwood</a>. “This is not a surprise. This question is almost always the first a candidate will ask during the initial phone call. It’s critical for a brand to be transparent with not just the initial investment information but the royalties and fees associated with becoming a franchisee.”Developing an accurate understanding of the full financial picture required allows potential zees to assess affordability, tolerance for risk and long-term expectations (before moving ahead or signing a franchise agreement).<h2>What Goes Into The Total Investment?</h2>While every franchise system is different, the total investment required typically includes several core components. “The investment range includes three months of operating costs, the franchise fee and related expenses,” said&nbsp;<a href="https://www.simplycabinetryfranchising.com/">Simply Cabinetry</a> owner and CEO&nbsp;<a href="https://www.linkedin.com/in/dianasimmons-simplycabinetry/">Diana Simmons</a>. So, what is the total investment required for a franchise?&nbsp;Here are five components:<ul><li>Franchise Fee – The upfront fee paid to join the franchisor system and access the brand, training and support available. &nbsp;</li><li>Buildout and Equipment – Costs tied to general construction, leasehold improvements, signage, fixtures and equipment. &nbsp;</li><li>Inventory and Opening Supplies – The initial product, materials or inventory required to open. &nbsp;</li><li>Working Capital – The funds needed to cover payroll, marketing and operating expenses during the first few months of operation. &nbsp;</li><li>Ongoing Fees – Royalties, marketing contributions, technology expenditures and other recurring fees outlined in the franchise disclosure document (FDD).</li></ul><h2>Making An Informed Investment Decision</h2>So, what is the total investment required for a franchise?&nbsp;<a href="https://1851franchise.com/how-much-capital-is-needed-to-buy-a-franchise-2716989">The amount required</a> to launch a franchise opportunity can range from tens of thousands to several hundred thousand dollars, or more, depending on the industry, concept and recognition of the brand. That’s why a thorough review of FDD Item 7 (estimated initial investment) and consultation of experienced franchise counsel is crucial.A clear understanding of the total investment required to start a franchise can help candidates navigate the process more effectively. By asking questions early and thoroughly evaluating costs, franchisees can determine whether a brand aligns with their financial goals, laying the foundation for long-term success.Want to learn more about franchise opportunities on 1851 Franchise? Be sure to visit our&nbsp;<a href="https://1851franchise.com/power-rankings">Power Rankings</a> to read more on brands making moves.

What is the total investment required for a franchise?

What is the total investment required for a franchise? In this guide with expert tips, learn the costs of starting a franchise, including the fees, buildout, capital and ongoing expenses required.

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How do I build a business plan for a franchise?

How do I build a business plan for a franchise? In this guide with expert tips, learn how to build a plan that leverages franchisor resources, focuses on local priorities and brings long-term success.

Emerging Franchisors to Watch: Famous Toastery

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