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.
Minimized Risk – 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.
Training and Support – 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.
Cost Savings – 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.
Start-Up Assistance – 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.
Independence With Big Brand Support – 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.
It has it been a tremendous
success for the first eight months, and we are already in the process of opening our second store. The Smoothie King product is healthy and affordable. In a world of unhealthy people, there is a tremendous need to educate and influence others to attain a more health conscious lifestyle. Smoothie King affords us that possibility.”
