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Why Purchase a Franchise?

Franchising is the pathway to the American Dream!

Here are the top 10 reasons to purchase a franchised business!Text Box:

  1. System. When you purchase a franchise you get a system. You don’t have to design the business, experiment with the methodology, or determine if there is a market. You can open the business and start to make a profit immediately – if you select the right franchise system.
  2. Financing. Bank financing is more available to those purchasing a franchise business rather than starting a new, as yet unproven business. The franchisor often has relationships with financial institutions and lenders. Franchisors can get their disclosure documents pre-approved by the SMA (Small Business Administration) making your job of securing financing much faster.
  3. Support. Purchasing a franchise eliminates much of the hard work and uncertainty. The franchisor assist you with site selection, leasing, unit design and construction, equipment specification, equipment purchasing and leasing, plus almost every other pre-opening aspect so that you can bet your business open on time and on budget. It’s usually a “turnkey” business.
  4. Success. With an established system and support in place, you probability for success is much higher. And, the business is more valuable when you are ready to sell it (exit strategy).
  5. Branding. You’ll start with an established brand in place! You’ll also have access to branded materials and other very effective marketing collateral. You’ll get customers faster without resorting to “price cutting” with a national brand behind you. Customers already familiar with your brand will want to work with you based on an established trust factor.
  6. Training. Unless you have already worked in the industry, you’ll need training. By purchasing a franchised business, significant training is normally included and the franchisor may also train your employees for an additional fee.
  7. Buying Power. When you buy a franchise, you get the purchasing power of the franchise group. Based on the savings that this purchasing group represents, franchisees can often save more money that they are required to payout in franchise royalties. 
  8. Marketing. The franchisor is not only an industry marketing expert, they have media buying power! You’ll get a well thought Marketing Plan that will save you thousands in experimentation. Imagine competing with a large group of cooperative advertisers (other franchisees in a system). Now think of the benefits of combining your adverting dollars with a group of advertisers after the same market (in a different exclusive territory).
  9. Rapid Expansion. As part of a franchise system, you will be offered opportunities to grow within the system. Once you have become a successful single franchise owner, you can become a multi-unit operator.
  10. New Products. Most independent small business people do not have time for additional research and new product development. As a franchisee, you’ll benefit from the franchisor’s R&D as well as the experience and innovation of the other franchisees in the system. You are not alone!

 Prepare to FranchiseRight!

Regardless of whether you ever purchase a franchise, attending our classes, seminars, workshops, and boot camp will inspire you to think like a franchisee and operate a “best-of-class” business. As a result you see how internal organization, systems and processes, proprietary products, training materials and all of the other tools you can use can add value to any business. Achieve Total Organizational Excellence!