Buying a franchise can be a life-changing experience. There are many reasons why you should fulfil your dream of becoming your own boss and open a franchise. Worldwide, franchising is currently riding a wave of growth unparalleled in its history. And for the right kind of person, franchise ownership can provide the perfect vehicle for achieving financial success.
Statistics vary widely on the success/failure ratio of franchised versus non-franchised startup businesses, but franchises invariably come out on top. Comparing the payment of: (1) an up-front fee to buy into the support, reputation and track record of a franchise system with (2) the research, development and startup costs involved in creating your own, independent business, the odds of survival clearly favour franchisees.
Franchising is about being in business “for yourself, not by yourself.” It allows entrepreneurs to plug into a proven, successful idea and operating system, and focus their efforts on running the business rather than adjusting it. The wheel’s been invented, perfected, branded and marketed. As a franchisee, it’s time to roll.
Here we list you few reasons why you should buy a franchise today:
Buying a franchise eliminates all the hard work: finding a location, negotiating a lease, hiring reliable contractors and doing all this on-time and within budget.
When you buy a franchise you buy a system. And having a proven system already in place eliminates the guesswork and errors a common business owner would normally face.
One of the biggest reasons to buy a franchise is that it will help you avoid much of the risk of starting a new business, given the handholding support we provide you in our support programme.
When you buy a franchise you are never alone. You will always have the support of the franchisor and the support of knowing that you are part of a growing family.
Higher Likelihood for Success
Buying a franchise is very different from starting a mom-and-pop business. Since there is an already established system in place, there is a higher likelihood of success. Just follow the system the franchisor has put in place, and you should be on your way to running a very successful business.
Corporate Image and Brand Awareness
The corporate image and brand awareness is already recognised of the franchisor. Clients are usually more comfortable purchasing items they are familiar with and working with companies they already know and trust.