Smoothie King has definitely been consistent, honest, direct and helpful. It's been great. Being a perspective franchisee was probably the most scary time in my business venture because you're not sure how much support you'll get. But not with Smoothie King. They have been completely supportive and it's been a wonderful experience.
Franchising gives you the expertise of a reputable, successful business model and established products while entering into a franchise agreement.
Franchising generally offers assistance with financing, site selection and construction, day-to-day operations, training and support, advertising and more, which lessens the risks of starting a new business.
By buying into a franchise, you have the backing of a recognized brand with a proven track record and business method. You pay an initial fee and royalties to the franchisor and you are lent the trade name, trademark and business system.
Franchisors provide training programs to teach you about business operation and the industry, even if you have no prior experience. A franchisor can also provide managerial support and problem-solving resources for you.
Savings on bulk inventory purchases can be passed on to you from the franchisor. Cooperative marketing and advertising programs provide national exposure at an affordable price.
Most franchisors will assist you in selecting a site for the new franchise location and provide guidance for the construction process. A franchisor might also provide reference for qualified lending agencies to help you with financing.
Being in business for yourself, but not by yourself. Franchising allows you to obtain independence and to be your own boss with far less risk. Franchise systems provide opportunities for people with many different backgrounds and develop management and technical skills critical to the creation of an experienced work force.
According to FranData.com, sales from franchise businesses account for more than one trillion dollars in annual sales. Franchising is a fast-growing, lucrative economic force and is outpacing other business sectors.