Franchise businesses are our bread and butter here at Franocity. Once in a while, though, it helps to step back and recall all the important reasons we spend so much time promoting this topic, and offering our consulting services.
What are the best reasons to explore franchise opportunities? If you’ve wondered that for a while, then please check out this comprehensive guide to the advantages of entering a franchise agreement.
What Do We Even Mean by “Franchise”?
We would define “franchise,” as a business structure where individual owners (franchisees) buy the right to use the processes and brand images of a larger parent company (franchisor). Usually, following an investigation and negotiation period, a prospective owner enters a franchise agreement with the franchisor, receives specialized training, and begins operating a new unit or location.
In essence, it allows the franchisee to buy their way into a proven system, earning profits for themselves, while contributing a small portion of it to the parent company. This has a host of advantages, not the least of which being you can have your own business without building the entire thing from scratch. Franchising allows entrepreneurs to hop right into the cockpit faster without having to engineer their own plane first.
What Are Some Franchise Options Worth Considering?
We have several pages dedicated to specific industries and markets, business sectors known to have lucrative franchise options. Those include . . .
- Food Franchises
- Retail Franchises
- Tax Franchises
- Home-Based Business Franchises
- Coffee Shop Franchises
- Employment Franchises
- Fitness Franchises
. . . and several other niche industries.
So, there’s a lot you can do, and best of all, most of the areas do not require subject-matter expertise as a prerequisite for entry. In other words, you don’t have to be a workout buff in order to own a fitness franchise. Almost all franchisors provide substantial training to prepare you for every facet of running their business properly.
Major Benefits of Opening a Franchise Business
Now that we’ve reviewed the basics, let’s explore some of the key reasons to consider going into business as a franchisee.
- Unlike conventional employment, you call the shots regarding day-to-day operations.
- Although there are significant startup fees, you’ll recoup those (and more) within just a year or two of operations.
- Franchising puts you in control of your work-life balance since you inevitably decide just how much time you devote to work.
- With a modest level of patience, you can make lucrative profits well beyond what you’ve ever earned as a salaried employee.
Realize These Benefits by Partnering with Franocity
Does any of this pique your curiosity? Perhaps you’d at least like to learn more about franchise ownership first. If so, then we can assist.
The entire consulting team at Franocity warmly welcomes you to discover a wide range of business opportunities with some of America’s most viable franchisor companies. If you’d like to learn more about specific sectors and companies, or just ask a few questions, then please reach out to us anytime by calling 561-609-6200.