There are lots of reasons why your decision to buy a franchise is one of the best decisions you made in life. The following will tell you why you made the right decision:
Instant Business
Buying a franchise does away with all the hassles: finding a location, negotiating a lease, hiring reliable contractors and doing all this on-time and within budget. When you buy a franchise you are buying a complete ready-to-operate business.
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Tested and Proven System
All franchises have an already-established system in place that you must follow. These systems are designed to improve the overall productivity and increase sales of each franchise. Having a proven system in place eliminates the guesswork and errors a common business owner would normally face.
Bigger Chances of Success
Since there is an already established system in place, there is a higher likelihood of success. If you follow the system the franchisor has put in place, you should be on your way to running a very successful business.
Brand Awareness
If you buy into a franchise system that is already established, you will practically own an established brand that takes a long time to build. Customers are usually more comfortable purchasing items they are familiar with and working with companies they already know and trust.
Easy to Get Financing
Banks are usually very comfortable financing the purchase of a franchise because they already have a proven track record. Lenders usually look at successful franchise chains as having a lower risk of repayment default and are more likely to lend money based on that premise.
Training Support
The franchisor trains you how to run your franchise exactly the same way their other franchise locations are run. This will ensure that you are running your business efficiently and will help to eliminate the usual mistakes a new business owner usually faces.
Management Assistance
When you buy a franchise you are never alone. You will always be able to pick up the phone and ask questions to the franchisor or even to other franchisees.
There is usually no need to worry about advertising your franchise. The franchisor usually takes care of handling all of the marketing and promotions of your franchise.
Exclusive Area
When you buy a franchise you are also buying an exclusive territory in which to do business. You will be entitled to a certain area and no other franchises (within your franchise system) can be open within that area.
Own Multiple Locations
Being a part of a franchise system will always offer you more opportunities to grow within the system. Once you have become a successful franchise owner, the next step is to add more franchises.
Source: The Franchise Show
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