Essential Competencies: Successfully building brick and mortar locations
Restaurant concepts that are building new locations in 2016, whether as independents or as franchised locations, have an invaluable resource in the National Franchise Institute’s Essential Competencies program.
The two-day program, which will take place in Denver again on January 11-12, 2016, educates restaurateurs on the intricacies of building new restaurant locations by covering the entire development process, including how to create a realistic and accurate project timeline and budget.
“No one sets out to lose money in business, yet all too often that is exactly what happens, especially when it comes to building new locations and even more so when it comes to the complexities of building new restaurant locations,” says Carolyn Miller, founder of the National Franchise Institute. “When something as simple as a single timing mistake can easily cost $30,000 or more, the end result can be devastating – and, unfortunately, sometimes fatal.”
The Essential Competencies program is for restaurateurs who are building their first location or their next location. “One of the unexpected and exciting things we are finding with the Essential Competencies program,” explains Miller, “is that it is attracting professionals from the restaurant industry who themselves are not actually restaurateurs – people like attorneys, commercial real estate brokers, franchise consultants and brokers, and even suppliers to the restaurant industry. Each knows their own area very well, yet this program gives a Big Picture perspective and also provides a lot of detail about how everything comes together.”
Together with a team of experts that includes licensed attorneys, CPA’s, licensed real estate professionals, lending and insurance professionals, licensed architects, licensed general contractors, and additional experts in franchising and brick and mortar development, the National Franchise Institute’s Essential Competencies program helps independent and franchise restaurateurs succeed in growing winning locations.
Some of the Essential Competencies topics include:
- Location intelligence
- Project due diligence
- Real estate legal
- Wiring and communications
- Construction management
“We are excited to present the Essential Competencies program again,” Miller concluded. “When restaurants open successfully, everyone wins.”
Registration/Event Link: http://www.nationalfranchiseinstitute.com/events/
Headquartered in Denver, Colorado, the National Franchise Institute provides education for entrepreneurs who are currently in or are considering entry into franchising as either a franchisee or a franchisor. The Institute was founded by Carolyn Miller, a development professional who has been working in the franchise industry since 1984 with national brands such as McDonald’s, Chipotle, Red Robin, CiCi’s Pizza and Carls, Jr./Hardees.