: Requires a significant net worth (typically around $1.5 million) and liquid assets [3].

: Operates on a traditional franchise model with global brand recognition [3].

: The company typically promotes from within, offering ownership stakes or management opportunities to long-term employees rather than outside investors [3, 7]. Closest Alternatives

: Waffle House, Inc. maintains strict internal control over its operations and brand identity, which is why it does not use a traditional franchising model [2, 3].