Business Franchise Assistance Is Available
If you're looking for a strategy to expand your business with minimal risk, a business franchise may be the solution. When you franchise your business, you sell your company name, concept and operational systems to a buyer. The buyer pays an upfront fee and royalty fees and agrees to abide by your company's rules of conduct. This arrangement allows your company to earn money and expand the reach of its brand.
Reasons to Consider a Business Franchise
There are two ways to grow your business: open another unit or sell a franchise. There are three main reasons why a franchise is preferable to opening another unit.
- Capital: Opening another unit requires a large upfront cost. On the other hand, the sale of a business franchise nets capital. Additionally, buyers assume the bulk of the financial risk because they sign leases and other service contracts.
- Time: Opening another unit requires time to scout locations, negotiate contracts, hire personnel and other tasks associated with launching a business. This is the job of the buyer.
- Personnel: When you open another unit, you need to find and train a reliable unit manager to run it. That takes both time and resources, and there's always the risk of turnover. With a business franchise, the buyer has a personal interest in the success of the business and typically performs better than a manager.
At Franchise Research Corp., we can help your company implement a business growth strategy through franchising. We help create sales and marketing strategies that will ensure you meet your growth objectives. To learn more about how we can serve your company, contact us at firstname.lastname@example.org or by calling toll-free at (866) 993-0002.