Why franchise my business?
Franchising your small business is not just about increasing your businesses profitability and asset value. You’re also providing your franchisees with a wonderful opportunity to be their own boss without the need to deal with the difficult initial stages of getting their businesses up and running. For them, buying a franchise instead of doing all the backbreaking tasks involved in starting their own companies is a more viable option.
As a franchisor, you can look forward to a higher return of investment and profits. Your franchisees are going to be your best sales people, reducing your operational and advertising costs. They can take advantage of your business know how and experience and therefore don’t need to repeat the mistakes you have made by starting from scratch.
Your vision of becoming the next successful franchised business can become a reality. When you learn how to franchise from experts, your company has a better chance at becoming more profitable. The major benefits of franchising includes:
Did you know that 20% of all franchise systems in Australia began that way from the first day of trading? A further 19% franchised within the first year of trading. The vast majority of the remaining businesses joined the franchising bandwagon just after 3 years of operation. So what this means for you is that the opportunity to grow your small business and achieve franchising success is closer than you think. However, not everyone is cut out for franchising. Our highly-experienced franchise consultants can help you determine whether your idea or small company is right for this venture. Get expert advice from a specialist.