WEST PALM BEACH, FL, May 10, 2022 /24-7PressRelease/ — The first quarter of 2022 was a record-setter for Accurate Franchising, Inc.™ (AFI). The leading franchise development firm that assists business owners and companies in transforming their business into franchises, part of the United Franchise Group™ (UFG) family of affiliated brands and consultants, confirmed 22 contracts in the first three months of 2022 – more than it has ever achieved in a similar time frame.
Their success reflects the health of the franchise industry, which is attracting more entrepreneurs. In its 2021 Economic Outlook for Franchising, the International Franchise Association (IFA) found more than 26,000 franchising locations expected to open in 2021. Franchises drive 1.8 times higher sales than other comparable businesses, the IFA found.
“Completing 22 franchise development deals is absolutely the best quarter that Accurate Franchising has had yet,” said Tipton Shonkwiler, President of Accurate Franchising Inc. and also the Managing Director of the Consulting Division of United Franchise Group, “It’s given us great momentum for the rest of the year, and I’m looking forward to seeing what we do next,” continues Shonkwiler.
The new franchisors are located throughout the U.S. and represent a wide range of industries, including food & beverage, retail, fashion, travel, and health & wellness. AFI’s process in creating franchises from a company with a single or multiple locations takes about four months. Their technique begins with a franchise feasibility consultation. Once qualified, the next step is a strategic planning session, leading to the execution of the Franchise Disclosure Documents, then guidance with policies, procedures, and systems including a customized franchise sales and marketing program.
“AFI has several advantages that have led to their success,” said A.J. Titus, President of United Franchise Group, “The business-to-business ecosystem that has developed over the past 3 decades from our network of franchise brands, consultants, preferred vendors, and suppliers, benefits new franchisors because they reap the rewards of seasoned relationships when they are just starting out; And, UFG’s global footprint, experience, and connections are especially beneficial when expanding internationally.”
As franchising continues to lead the economic recovery, the IFA forecasts the output of franchise businesses to continue healthy improvement in 2022 with a net gain of an additional 17,000 new franchise locations in the US by the end of this year.
About Accurate Franchising, Inc.
Accurate Franchising Inc.™ (AFI) is the only franchise development consulting firm with first-hand experience operating and growing its own franchise brands. As part of the United Franchise Group™ (UFG) family of affiliated brands and consultants, AFI helps entrepreneurs grow their business by becoming franchisors. With an intimate understanding of what a franchisor needs to succeed, AFI ensures clients benefit from their 35 years of experience advancing brands into world class, award-winning companies. Accurate Franchising Inc. has worked in excess of 80 countries with more than 350 brands and over 2500 franchisees worldwide and with industry-leading brands like Graze Craze®, Fully Promoted®, Signarama®, Transworld Business Advisors®, and Venture X® to name a few. For more information, visit www.AccurateFranchising.com.
About United Franchise Group
Led by CEO Ray Titus, United Franchise Group™ (UFG) is home to an affiliated family of brands and consultants including Accurate Franchising Inc.™, FranchiseMart®, Franchise Real Estate™, Fully Promoted®, Preveer™ (formerly Resource Operations International), Signarama®, Transworld Business Advisors®, and the Coworks™ division consisting of Network Lead Exchange™(NLX), Office Evolution® (OE) and Venture X® as well as a food division featuring Graze Craze®, Jon Smith Subs®, and The Great Greek Mediterranean Grill®. UFG affiliated brands include over 1600 franchises in more than 60 countries, with consultants that have helped develop over 350 brands into franchises, in over 80 countries with more than 2500 franchisees. With over three decades in the franchising industry United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.