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Franchise Your Business

Let us tell you if your business is ready for franchising.

Franchising is being employed by more businesses and more types of

businesses than ever before. Today, franchising is the chosen method for successful business owners who are looking to grow their concept quickly and without investment of more capital.

How a Franchise Works

Essentially, a franchise is an instance where the franchise owner owns the rights to the name, the logo, the products, and the stores, and is able to sell these rights. When someone approaches you to purchase the rights to your franchise, you will be responsible for determining whether or not they can keep it up. This extends from their desired location to their net worth. Additionally, the more complex the business, the more contact you will need to keep with the franchisee.

How to Start a Franchise

When one asks ‘how do I start a franchise business’, the best thing we can tell them is to get organized. If you want to franchise, you need standard equipment, you need standard rules, and you need a plan. If you are running a business and want to expand quickly, then starting a franchise might actually be the best option for you. Before you can start one, or even think about starting one, you need to ask yourself if your business can be easily replicated. What is a replicable business exactly? How does it differ from other businesses?

Franchising Facts

  • Nearly 10% of all businesses are Franchises
  • A new franchised business is opened every 8 minutes of every business day
  • Franchise businesses account for approximately 50% of all US retail sales
  • More than 75 different industries utilize the concept of franchising
  • 86% of franchises opened within the last five years are still under the same ownership
  • 97% of franchises opened within the last five years are still open for business
  • Total Franchised Sales are projected to reach $1.7 trillion this year
  • In 2000, the median gross annual income of franchisees was in the $75,000 – $124,000 range
  • Over 30% of franchisees earn over $150,000 per year
  • Franchises succeed because franchisees have a vested interest in their business

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