Are you thinking of Franchising your Business?
Franchising your business offers you some intriguing benefits:
- Attracting franchisees to invest their capital into your brand.
- Franchisees are manpower to work the business as stakeholders.
- Increased number of franchises contribute to the establishment of the brand.
- Gain royalty income without capital investment or an increase in contingent lialbility.
- Retain control of the trademark and the business format.
Before you consider franchising your business:
- Make sure the first units economics are strong and profitable.
- Then open a second unit to see if you can replicate the success of the first.
- If the second unit succeeds, try opening a unit at least an hour away. This will show you if your processes work without your being around all of the time.
If your experiment succeeds, you will be in a good position to consider franchising your business.
Jim Coen, Mr. Franchise
I have learned franchising from the ground up. I’ve been a franchisee for a bad franchisor. I’ve worked for good franchisors and I’ve worked for marginal franchisors. I’ve helped many franchisees succeed.
I provide a consulting process that saves you time and money in your franchise search and provides you with the tools to make the right choice for you and your family.
Call: 617-469-3002
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