Chef Boyare-D is well known in his community for his cooking ability. Chef has made quite a name for himself catering small and medium sized social events in his area. Chef has several signature dishes. Chef would like to open a restaurant. Chef has come to you and asked you for a complete listing of the pros and cons of both starting his own new concept restaurant or opening an established franchise. Chef is very thorough and would like a detailed discussion of all options. Please advise