Good reasons for considering Franchising
Here are some of the reasons prospective business owners consider buying a franchise rather than starting a new business totally on their own.
- Each year more than $800 billion in goods and services are sold through franchises in the United States.
- There are over 550,000 individual franchise outlets nationally.
- Each working day a new franchise opens every five minutes.
- Franchising offers name-brand recognition.
- Franchising provides a network of support that offers immediate and distinct advantages over the independent, stand-alone business.
- Franchisees learn a well-designed, methodical way of doing business.
- Franchising can offer a turn-key business opportunity where the time-tested company methods of doing business are all neatly laid out.
- Franchisees avoid the costly trial-and-error period that causes so many problems for start-up businesses.
- Franchisees "hit the ground running".
- Franchisees enjoy the satisfaction and pride of owning their own business without the headaches of "going it alone".
- Franchisees provide a valuable, much-appreciated service.
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