Franchises

A new franchise opens every 8 minutes of every business day and drives over 40% of all retail sales.

Read that again….and again.

So it must be simple, right—just open a franchise and make money?

But...and you knew there was a but, as the saying goes “If it was that simple everyone would do it.”

What’s a franchise?

According to the International Franchise Association (IFA), franchising can be traced back to the 1850s.  Annually, franchising accounts for over $800 billion in sales, and employs over 8 million people. Franchises are the most successful businesses on the planet with an over 95% success rate and at the same time creating over 170,000 new jobs per year.

Who Buys Franchises?

The majority of franchise buyers are success-oriented, educated, family-minded, corporate people. As corporations switched their focus from employees to investors, they realized how expensive their senior level employees had become and they began down-sizing their mid- and upper-level managers to save money and improve investor returns in their companies. These managers are now the driving force behind franchising and come from all walks of life, educational and economic backgrounds.  Some typical qualifications are:

· Between 35 and 55 years old
· Corporate management background
· Income average $80,000 to $150,000 with a Net Worth of $300,000 to $800,000
· Majority have IRA/401K retirement plans
· Men, couples, women, in that order
· Most have not owned a business and want to build a business that will allow them to retire
· Looking for on-going marketing, training and support

There are many questions to ask if you are considering buying a franchise.  I am here as a resource for you as I’ve now personally owned and operated 5 different businesses with my current venture being a franchise. 

Questions?

If you have questions, please allow me to be of service to you by offering a process I use that puts you in control to see if franchising is the right option for you  - all at no cost to you whatsoever.  For more information, please call me on (916) 570-2674 or click here to complete a request for me to contact you.

If you would like to see the list of current franchises we have available, please click here.

If you would like some more information about buying a franchise, the following articles may be of interest to you.

 1. The Federal Trade Commission Consumer Guide to Buying a Business.

2. The history and regulation of franchising.

3. The franchise Due Diligence process.

4. Six FAQs about buying franchises.