Benefits of Franchising
It is no surprise that consumers are interested in (and prefer) purchasing goods and services from recognizable names. Furthermore, certain standards are expected, and usually met, with these “household” names.
Interested in purchasing a franchised business?
Risk is minimized
During a 26 year study conducted by The United States Department of Commerce, less than 5% of franchised businesses were closed each year.
The U.S. Chamber of Commerce, in a 1999 study, found that 86% of franchises opened within the last five years were still under the same ownership. Furthermore, 97% were still in business.
The mistakes have already been made by someone else
When you purchase a franchised business, you are purchasing years of business experience (among numerous other aspects). Someone else, not you, has gone through the headaches and frustrations of seeing what works and what doesn’t work to fine tune the operations of the franchised business. The initial franchise fee will give you the insight and knowledge to springboard into successful entrepreneurship.
