The Future of Franchising
The Future is Here!
Chat GPT, AI, and even in franchises. There are always new innovative ways to be improving technologically in the franchising industry. Plenty of popular franchise brands have now created a zero human contact or interaction concept. This allows convince, safety to employees and customers and business profitability.
Robotic Workers???
That's right! Some franchise brands, like Bobacin, have started to use robotic baristas. Bobacin is a Boba Tea restaurant concept that has kiosks to order boba tea creations. Once these orders are placed, they created by a robotic barista! This really is the future.
Another example of zero human contact or interaction is Brooklyn Dumpling, which is a new up and coming franchise along with Bobacin. Brooklyn Dumpling is a grab and go restaurant concept that offers your favorite diner staples crafted into dumplings! Their technology allows you to order your dumplings through a kiosk, that are then delivered into an automat locater system that keeps food hot or cold, ready for you to pick up. Talk about customer connivence!
Plenty of brands have joined the futuristic trend with incorporating online ordering, apps, and kiosks. These help boost brand connection and creating an easier ordering process!
These examples of innovative technology in the franchising industry are just the beginning of what is to come! The time is now to join the future of franchising.
Capital Formation Strategies For the Growing Franchise
One of the most difficult tasks faced by the leadership team of a growing franchisor is the development and maintenance of an optimal capital structure and access to the resources that the franchisor will need to stay strong and maintain its growth plans. Access to affordable debt and equity capital continues to be a problem for the growing franchisor even though franchising has matured as a viable method of business growth.
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