Why Franchising your business makes sense

Franchising is a unique method of growing your business; it truly is a merger of large-organization efficiency with small-business, entrepreneur spirit and motivation. Of course we talked a lot about the fact that not every business should franchise, but if yours is right for franchising you will experience an awesome wealth-producing machine. So lets talk about why franchising your business makes sense, and the benefits of franchising.

Why franchising makes sense

the benefits of franchising your business

If you are wondering what the benefits of franchising your business are, here are just a few:

  • Less Capital Requirements
  • Fuel the growth of your business through the capital invested by each individual franchisee.
  • Add Additional Revenue Streams to Your Business
  • Franchise Fees
  • Royalty Fees
  • Advertising and Marketing Fees
  • Sales of Company Branded Products
  • Sales of Supplies
  • Training Fees
  • Sales of Promotional Products
  • The Ability to Expand Rapidly
  • Opening multiple locations at the same time allows you to obtain a large footprint quickly while putting your company a step ahead of the competition.
  • Gain Quality Management in Additional Units and Maximize Unit Revenue
  • Having an owner running the business usually insures that there will be a level of service and dedication that typically can’t be found in an employee. Franchisees have a vested interest in the success of their business and with their investment at risk, franchisees should be much more motivated than an employee.
  • Larger Advertising and Marketing Budget
  • Many franchisors institute a national advertising fund. This requires the franchisees to contribute a percentage of their gross sales to a fund used to increase advertising, name recognition, and the overall value of the business.
  • Branding
  • Opening units throughout the country will increase Brand awareness adding value to the company and its franchisees.
  • If you want to learn about how to franchise a business, please contact us.

 

How do you franchise a business?

So now that we have looked at the reasons for franchising your business, you are likely wondering how its done! That’s what we are here for. If you are serious about taking the next step and becoming a franchisor, I would encourage you to take a look around! Learn about Franchise Beacon, learn about our franchise sales experts, learn about the folks on our team that have 20 years of franchise experience, and decide for yourself if we are the type of people you want in your corner. If so, give us a call, or, heck push this button right now to send us an email!  Email Franchise Beacon