Why Franchise My Business? Save on Expansion
Your business is strong and thriving, so it is natural to want to expand it. Starting a second (or third, or fourth) location is a great expansion strategy, but it costs money, people, and time. Franchising your business can save you on these three hot commodities in ways that starting a new location on your own cannot. We certainly do not mean to suggest that expanding your business through franchising does not cost money, people, or time, but it is a growth strategy that costs considerably less.
Franchisees Invest in Their Own Success
Because a highly motivated franchisee is the one paying the investment costs for their location, your business will not be responsible for fronting money for deposits or locations. Not paying these costs yourself—or borrowing money to do so—still lets you profit from expansion even though someone else is paying for it.
Replace Store Managers with Store Owners
A huge roadblock to businesses that are looking to expand is finding and training a qualified management team. It is often the case that a business owner will spend time and money recruiting and training the perfect manager, only to have that person quit or get hired by a different company. When you choose franchising as your expansion strategy, you substitute training a manager for training an owner. Franchisees are motivated to work hard because they have made an investment and have a stake in their business’s profits. In situations with hard-working franchise owners, the unit tends to perform better than it would if it were a second location of a business. Again, when it comes to the question of “why franchise my business,” you’ll find that there are a lot more advantages than disadvantages
Store Owners Spend the Time to Do It Right
Starting a business is a lot of work, and it takes time and energy to do it right. A franchisee can spend the time dedicated to building a strong business unit, marketing, finding a site, negotiating a lease, hiring and training staff, the list goes on. A franchisee can spend the time doing these things without worrying about how other locations are faring.
Provide Guidance–One of the Advantages of Franchising
The most important job of a franchisor is providing guidance, materials, and processes to new franchisees. When you make the decision to franchise your business, you will need to take the time to develop materials that your future franchisees can use to get started. The experts in franchise development at Accurate Franchising, Inc. assist our clients with this process. Developing your materials takes time and effort, but when it’s done right it pays off.
Still asking yourself, “What are the advantages of franchising my business?” Get in touch!
blog / latest news
The decision to franchise your business is a great way to grow your empire without all the hassle of needing to run every operation yourself. There are many excellent reasons to franchise your business, and Accurate Franchising is just the trusted partner you’ve been looking for to guide you through the process. Our founder, Ray…Read more
Recipient of Coveted “E” Award Honored For Export Opportunities WEST PALM BEACH, FL – May 21, 2018 – It was announced today by U.S. Secretary of Commerce, Wilbur Ross, that United Franchise Group, a South Florida-based company with more than 1,600 franchises in over 80 countries, is the recipient of the coveted President’s “E” Award…Read more
If you’ve been researching how to franchise a company, Accurate Franchising has the answers you’re looking for. When you decide to expand your business through franchising, our expert guidance can help to make the process as simple as possible. No matter what line of work you’re in, we can help you to leverage your successful…Read more
If you’re a franchisor looking to make more sales, chances are your franchise development could be re-evaluated. Franchise development covers many of the aspects of franchising that buyers pay attention to, helping to define your brand not just as a business, but as a potential franchise partner. As the experts in turning businesses into franchise…Read more
If you’re interested in building a franchise brand you can be proud of, look to Accurate Franchising, Inc. for help. Our years of experience in the industry have given us the expertise we need to help your business get to the next level. Here is a closer look at some of the key services we…Read more
50 years ago, nobody expected a little sandwich shop based in Connecticut to become one of the biggest restaurant franchises around. But in spite of Subway’s humble beginnings – a 17-year-old with a $1,000 loan from a family friend started the brand – it has grown into a worldwide success with thousands of restaurants. If…Read more
Owning a thriving small business is an accomplishment in itself, but growing that business with multiple locations is an even larger goal. At AFI, we talk to business owners all the time who want to take that next step but they don’t know how. The good news? You don’t have to! We are the experts…Read more
Building a strong brand is important for any business, but it can be the difference between success and failure when you franchise your business. How can you strengthen your franchise brand? Franchise consultants recommend the following: Make sure you have a consistent franchise image. Your name and logo should reflect what you do, and these…Read more