Why franchise your business?  After many years of running a successful single location business, many business owners began to think bigger.

Sometimes they are looking for a new twist on a comfortable business they enjoy, sometimes they are thinking about sustained growth and longer term retirement options.  So again, why franchise your business?

When you franchise your business, you are offering other people the use of your company name, concept, system and learning curve. In return, you receive money, typically both an initial franchise fee and ongoing royalties. If you franchise your business properly, you can create a true win-win situation.

An important thing to keep in mind when you franchise your business: structure your program so that both the Franchisor and the Franchisee can prosper.

Franchise Owners Enjoy Many Benefits

When you franchise your business successfully, you can enjoy many benefits, including:

  1. Generating Earnings: One of the major reasons to franchise your business is to yield profits. There are a number potential income streams, including:
    • Initial franchise fees
    • Weekly or monthly royalties or service fees
    • Area Development Agreements
    • Sales of services, products, equipment or other items to franchisees
    • Sale of international franchise rights
    • Real estate programs and/or
    • Financing programs
  • Better Management: If you choose the right Franchisees, your locations will gain the most effective, motivated managers possible – people who have invested their money and time into their futures.
  • Quicker Growth: Why franchise your business?  Just think of the growth that comes with the concept.  Few companies have the resources required to quickly penetrate new markets. When you franchise your business, you can grow your concept more rapidly, using the money and energies of your Franchisees, rather than investing your company’s funds and personnel. An additional benefit is your Franchisees often have strong ties to their communities, which can be very helpful in launching new markets.
  • Lower Investment: The expense of expanding a business can be tremendous. You can eliminate most of your costs normally associated with opening new locations when you franchise your business.
  • Reduced Operating Expenses: If you franchise your business, your fixed and variable operating expenses are typically much lower than if you ran the same number of company-owned facilities.
  • Marketing Advantages: As your business grows through franchising, units can pool their marketing funds, enabling them to afford local, regional and even national campaigns. This increased exposure benefits all your locations, including those that are company-owned.
  • Economies of Scale: The more locations a company has, the more buying power it commands.
  • Better Sites: When you franchise your business, you increase your market presence. With a higher profile, usually you can more easily secure prime sites.

    • Why Franchise Your Business?  Simple…Proven Concept

    For these and other reasons we’ll outline in other posts over time, thousands of U.S. companies have chosen to grow their operations through successful franchising. Perhaps you should franchise your business as well.

    NFA Franchise Consultants have the experience to help businesses franchise.  Just watch and listen to some of our client case studies and video testimonials.  We can HELP YOU and it doesn’t cost anything to call and talk to us! 

    So, if you are still asking the “should I franchise my business” question over and over with no clear direction, give us a call at (706) 356-5637, or contact us through our online form.  We look forward to helping you take your business to the next level and beyond.