Franchising in Today’s Economy
Business owners like you franchise for 3 reasons
- You want to grow faster than opening other locations yourself
- You want to grow using other’s capital & energy
- You want to grow without managing more employees
In today’s economy this is even more important
as the unemployment figures approach 10%
More people are looking for a business to get into
to replace their lost job or
they just want to work for themselves and
get out of the corporate rat race.
The lower the cost of a franchise,
the more potential Franchisee buyers you have.
The lower the cost, the better chance they have of
being successful in replacing their job.
Franchising works for companies whose real net profit
is enough to allow the Franchisee to pay a royalty,
pay himself, and have enough left over to earn
a 20% return on his investment.
These numbers will vary, according to the industry,
but on average, they are a good yardstick.
I don’t know of another business model that works
so successfully to double the bottom line of your business.
By simply selling 3 to 5 franchises, you are able to double your profits.
Of course, you wonder if the Franchisee will deliver
the same quality and service that you do.
This is a legitimate concern.
The solution is good initial training and at least quarterly followups.
That is where the Franchisor’s management skills come into play.
Picking the right Franchisee and good management follow-up
substantially increase the Franchisees chance of success.
Businesses that work with us find that we are:
- Affordable – Turnkey development for less than $20,000
- Fast – We can have you ready to sell franchises in 6 weeks, ready to train in another 6 weeks.
- Hands On – You work directly with your consultant, not a group.
Our company, Franchise ASAP, does turnkey franchise development
and would welcome the opportunity to share with you
how franchising could help you grow successfully. Check our our
website www.howtofranchise.org and give us a call at 770-595-1055