(866) 714-7703 Get a FREE Consultation

Franchising Path

Connecting You to Your Future

Franchise

Multi-Unit Franchising Could Be Your Umbrella in a Stormy Economy

During the current economic slowdown, more people are investigating new career paths. While many are launching their own businesses, others are investing in established franchise brands and becoming franchisees, with an increasing number beginning with a single unit of a brand and expanding as they discover success.

Multi-unit franchising can be a rewarding solution and is becoming more popular among franchisees looking to diversify.

Franchisees seeking multi-unit expansion can enjoy the following benefits:

Centralized And Knowledgeable Support
Existing franchisees can easily expand to multiple units due to their previous experience and familiarity with the franchisor's methods and training procedures.

Diversification And Protection Against Economic Downturns
In an uncertain economy, operating franchise units in different market segments can balance each other out if one sector is hit harder than another.

If a multi-unit franchisee notices that one of their units is underperforming, they can leverage revenue from their other units to keep on track. Rather than increasing the number of brands in your portfolio, it makes more sense to lessen risk by investing in more units of the same brand.

The rapidly expanding trend of multi-unit franchising presents exciting opportunities and can help you secure your financial future.

Are you interested in protecting your wealth through multi-unit franchises? Please schedule a brief call with me.

You Can Generate Multiple Income Streams Using Multi-Unit Franchising

A single-unit franchise is a business, but multi-unit franchising is an empire!

With multiple revenue streams, your business earns money in more than one way. This is essential to consider when thinking about your future franchise business.

Do you know how many franchise owners own multiple franchise units in the U.S.?
According to data gathered by the franchise research firm FRANdata, multi-unit operators own 54% of all franchises in the United States.

Scalability of Your Business
When an owner purchases the rights to own more than one unit in a certain region or geographical area, this is referred to as a multi-unit franchise operation.

Two, three, or more locations could be part of the extended network. For the past decade, multi-unit franchise ownership has been on the rise, partly because it allows owners to expand territorial operations and dramatically increase revenue streams. You can build your own mini-empire.

Although each site may be slightly different, as a multi-unit franchise owner, each business you own is essentially the same and can share employee costs. For example, if one location's staffing is short, you can bring employees from another to assist temporarily.

In addition, some franchisors give incentives to existing franchise owners who want to grow their portfolios. This can result in lower per-unit costs.

Multiple Units Reduce Risk
Rather than relying on a single source of revenue, multi-unit owners can distribute the risk across multiple locations, resulting in an optimal environment for building wealth.

An Agreement That Benefits Both Parties
The advantages of multi-unit franchising benefit both the franchisor and the franchisee. Bundling numerous franchises into a multi-unit transaction provides the franchisee with substantial incremental growth and territorial gains while providing the franchisor with stability and great bottom-line results.

Increase Your Earning Potential
What's actually at stake is the chance for multi-unit franchise owners to double or even quadruple their income-earning potential due to multiple revenue streams. In addition, multi-unit franchise owners have the potential to generate a faster return on investment.

The more revenue streams available to franchisees, the more likely your franchise will grow and build financial security for you.

If you are interested in building your own mini-empire, please schedule a brief call with me.

What Does Semi-Absentee Franchise Ownership Look Like?

A semi-absentee franchise can be an excellent way to earn money without having to manage a franchise on a daily basis.

Investing in a franchise is an exciting venture. However, one of the most compelling motivators for entrepreneurs in choosing franchise ownership is the promise of increased freedom and a better work/life balance.

Semi-absentee ownership, in which the business is mostly operated by a manager with little involvement from the owner, is perfect for individuals looking for an additional income stream without having to commit dozens of hours each week to the day-to-day operations of their business.

Semi-absentee ownership appeals to a wide range of people. For example, you could be a retiree looking for a profitable investment with no time commitment or a person looking to keep their current job or lifestyle while taking the opportunity to start a new business.

Semi-absentee franchises are ideal for entrepreneurs exploring multi-unit franchise options since they allow their owners to focus on building their businesses rather than day-to-day operations.

If you intend to open multiple franchise sites, you should do so progressively. Launching many businesses at the same time, even if they are semi-absentee, demands more time and work.

Semi-absentee owners should be comfortable delegating responsibilities and managing teams from a distance in order to obtain greater personal and professional freedom. Managing a qualified and motivated team will help you achieve success.

Semi-absentee ownership provides a flexible ownership option that allows you to maintain a healthy work/life balance while expanding your business.

Before you quit your day job, please schedule a brief call with me.

The Fairytale of Job Security

Getting a job, sticking it out for 35 years, and retiring with a gold watch and a hefty pension used to be the American Dream.

That level of employment security is no longer available. Corporate restructuring and departmental changes have recently had a disastrous impact on long-term employment. Then the Pandemic struck, and everything fell apart.

Businesses closing left and right, with no chance of reopening, ended the chapter of a guaranteed job. At one time last year, it was anticipated that 42% of layoffs would result in permanent job loss.

But don't worry! There is an alternative to gambling with your career. Become your own boss!

Escape your cubicle and embark on the self-employment seas!

Could It Really Be That Simple?
Most likely not. Starting a company from nothing is like taking a cross-country road trip without a GPS.

Discover Your Dream Franchise
With over three thousand franchise opportunities available, there must be one that piques your interest.

The Research Is Already Done
A franchisor has already spent a significant amount of time and money investigating all aspects of the business. They understand your customers, your market, and all of the figures and finance needed to get started.

Unrivaled Training and Assistance
Your success is the success of the Franchisor. They have a vested interest in your success as a franchisee. They will also ensure that you receive ongoing support after your doors are open.

A Brand With a Plan
The best part about owning a franchise? You're joining a brand that already has a roadmap. The main point is that you are starting with a proven plan, not an unknown brand, from the beginning, which can make the route to success a lot smoother.

Purchasing a franchised business does not ensure success. However, it ensures that the chances of success are better than beginning a business from scratch.

If you’re ready to begin your path to franchising security, please schedule a brief call with me.

Not Ready to Retire? A Franchise Consultant Can Help You Find Your Next Business Opportunity

If you're nearing retirement but still feel as creative and ambitious as ever, I have good news for you. You are not required to accept the previous generation's golf course retirement package.

Actually, as a new retiree, you'll have the life experience and financial security to finally pursue your career goals that weren't realistic when you were young, inexperienced, and moving up the corporate ladder.

You are now in a position to be your own boss. One of the best possible business options for retirees is franchising. You can use all of the skills you learned on the job in your first career, regardless of your role, to successfully run your own business.

Is it too late to start a second career at the age of 60? No way! There isn’t an age limit to begin a new endeavor. In fact, when it comes to franchising as a second career, your age is one of your most valuable assets.

"Older professionals possess wisdom and resilience acquired over many years in the workforce, and that is a great asset when it comes to running a business," Forbes writes.

As a franchise owner, your second career will provide you with far more freedom and flexibility than your first. Purchasing a franchise ensures that you will have built-in support from the parent company. There is less risk than starting your own business from scratch.

As your Franchise Consultant, we will discuss the type of work-life balance you desire in this new stage of your life. My inside knowledge of the industry can help you find some of the best franchise brands that fit your life goals and values that are also currently thriving.

I can also point you in the direction of franchises with the lowest risk. You want to take control of your dreams and destiny at this point in your life, not gamble them away. Joining a long-standing, successful franchise reduces risk and creates ideal conditions for franchising as a second career.

As you plan for retirement, please schedule a brief call with me.

Ready To Leave Your Job? Make Sure You Have a Safety Net

Would you attempt an acrobatic trapeze stunt for the first time without a net and safety harness? You probably wouldn't because there's a good chance you'd fall. The same can be said for business ownership.

If you've never been your own boss, going it alone can be difficult, frightening, and full of unknowns. According to the Small Business Administration, one-third of all new businesses fail within the first two years.

What is frequently missing from failed businesses is a safety net, which is exactly what franchising provides.

The safety net provided by a high-quality franchise is a tried and tested concept, with operations, branding, distribution, accounting, technical support, brand, and so on all in place, tested, and ready for a sharp, hard-working entrepreneur to join the team.

You want to change careers but don't have the funds to keep you afloat for several months while you wait for your business to break even and start putting money in your pocket.

There are numerous franchises available that are designed for a quick start-up that can be semi-absentee, manager-run.

With thousands of franchise concepts available in the U.S. today, there has never been a better time to pursue your dream of business ownership while creating a safety net.

Do you need a safety net? If so, please schedule a brief call with me.