Modern Market Eatery

Opening a&nbsp;<a href="https://modernmarket.com/franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-market-eatery-opening-timeline-2727365" target="_blank" rel="nofollow">Modern Market Eatery</a> franchise is an exciting journey, but understanding the timeline from signing the franchise agreement to making your first sale is crucial.&nbsp;<a href="https://www.linkedin.com/in/christopher-cheek-01a4901/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-market-eatery-opening-timeline-2727365" target="_blank" rel="nofollow">Chris Cheek</a>, chief development officer for&nbsp;<a href="https://www.bfly.com/investments/modern-restaurant-concepts/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=modern-market-eatery-opening-timeline-2727365" target="_blank" rel="nofollow">Modern Restaurant Concepts</a>, provides valuable insights into what this process looks like and how the brand has reduced the time to open.<h3>The Opening Timeline: A Transparent Process</h3><a href="https://1851franchise.com/modern-market-eatery/info">Modern Market Eatery</a> has worked diligently to streamline the opening process for its franchisees, particularly for those operating in leased spaces within shopping centers, typically ranging from 2,500 to 3,000 square feet.&nbsp;“The unknown part of the timeline is finding a really good site,” said Cheek. “That can vary depending on the market. Some markets, especially smaller ones, might have better availability, while others do not. Generally, we advise franchisees to think of a three-to-six-month period to find the site and get it approved by the franchisor.”Once a site is approved, the next step is lease negotiations, which usually take about six to eight weeks. “Typically, as a franchisee, you won’t start spending on an architect until your lease is executed.,” said Cheek. “It’s important to have your architect involved as early as possible, maybe even before lease negotiations. This is particularly crucial if the site is an existing restaurant that’s closed.”<h3>Design and Construction: Key Milestones</h3>After securing a lease, the architectural phase begins. “The architect will typically take about five weeks to draft a full set of plans that will go into permitting,” Cheek said. However, the permitting process can vary significantly. In some markets, it may take as little as six to eight weeks, while in others, it could extend to about three months.Construction follows permitting and generally takes 100 to 120 days. From the time a franchisee signs the agreement to the opening day, the entire process typically spans 12 to 14 months.<h3>Multi-Unit Development: Building a Pipeline</h3>For those planning to open multiple units, the timeline becomes more efficient with each subsequent location. “When you’re working on your first restaurant, you’re also building the pipeline for subsequent ones,” said Cheek. “It’s not a linear process of 14 months for each location. As you open more restaurants, you’re not starting from ground zero each time.”This approach allows franchisees to capitalize on efficiencies gained during the first opening, making the process faster and more cost-effective for future locations.<h3>The Importance of Early Involvement and Strong Landlord Relationships</h3>Cheek stresses the importance of getting involved early in the process to save costs. “All the time and money you save is done in the first third of the project, before you even start construction,” he said. “It’s hard to get mostly done and start trying to save money or time.”Another critical factor is maintaining a strong relationship with landlords, especially in new markets. “Landlords like to run with the herd. The smaller the brand, the more important it is to stay close to them,” said Cheek. “While landlords might be more familiar with brands like Starbucks, when you’re a brand like Modern Market with a great build-out, menu and look, they might not know about you. It’s important to stay close.”<h3>Financial Capacity: A Competitive Edge</h3>Finally, the financial capacity of franchisees is a crucial consideration when securing competitive sites. “Good sites are competitive,” Cheek said, “and when landlords have a great endcap with lots of great brands interested, they’ll often ask, ‘How creditworthy is the tenant?’ Having your financial capacity well documented and in a presentable format is important. The landlord’s decision might come down to just that — are they going to default in two years? That’s important.”By understanding the timeline and the importance of strategic relationships, prospective Modern Market Eatery franchisees can better navigate the opening process and position themselves for success.For more information on franchising with Modern Market Eatery, visit:&nbsp;<a href="https://1851franchise.com/modern-market-eatery">https://1851franchise.com/modern-market-eatery</a>.

Modern Market Eatery - Opening Timeline - 1851 Franchise

Modern Market Eatery Opening Timeline: Streamlined Process for Franchisee Success

1851 Franchise

The fast-casual restaurant concept ensures timely and successful launches by focusing on early involvement, strong landlord relationships, and financial preparedness.

This brand page has been paid for by MODERN MARKET EATERY. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

Transparency in Franchising: Modern Market Eatery's Streamlined Opening Timeline

modern-market-eatery-opening-timeline

FRANCHISE INFORMATION

Own a Modern Market Eatery

Why Consumers Love Modern Market Eatery

Executive Q&A

Why Franchise with Modern Market

Learn

Download Brochure

Visit Website

MODERN MARKET EATERY

Facebook

Instagram

LinkedIn

Twitter

YouTube

SOCIAL MEDIA

How Modern Market Combines Impressive Margins with Innovative Restaurant Operations to Engineer a Game-Changing, $2.2 Million AUV Franchise Opportunity in 2024

Modern Market Eatery Franchise Offers Diversification for Multi-Unit Restaurant Owners

Modern Market Eatery Unveils New Prototype: A Deep Dive into Efficiency and Cost Savings

MODERN MARKET EATERY MOST READ STORIES

LOGIN

ABOUT MODERN MARKET EATERY

CONTACT MODERN MARKET EATERY

facebook

instagram

twitter

linkedin

First Name

Last Name

Email

Phone

State / Province

Net Worth

Do you have experience in QSR?

Liquid Assets

How did you find us?

Please describe your business background

How a Goldman Sachs Wealth Manager Founded a Fast-Casual Disruptor in Modern Market

how-a-goldman-sachs-wealth-manager-founded-a-fast-casual-disruptor-in-modern-market

How Qdoba’s 800-Unit Buying Power Fuels Modern Market’s Fresh Food Success 

how-qdobas-800-unit-buying-power-fuels-modern-markets-fresh-food-success

Modern Market Eatery’s Unique Approach to Technology: Empowering, Not Replacing, Its Teams

modern-market-eaterys-unique-approach-to-technology-empowering-not-replacing-its-teams

modern-market-eatery-franchise-offers-diversification-for-multi-unit-restaurant-owners

Modern Market Eatery Diversifies Real Estate Portfolio with Non-Traditional Development Opportunities

modern-market-eatery-diversifies-real-estate-portfolio-with-non-traditional-development-opportunities

Modern Market Eatery Continues To Win With Consumers With Wholesome, Convenient Options

modern-market-eatery-continues-to-win-with-consumers-with-wholesome-convenient-options

Transparency in Franchising: Modern Market Eatery's Streamlined Opening Timeline

MORE STORIES LIKE THIS