Why a Franchise? According to the International Franchise Association: A recent PricewaterhouseCoopers study found that the franchising sector generates 18 million jobs in the United States alone and yields $1.53 trillion in economic output. If you are considering joining the ranks of franchisees who own and operate more than 760,000 franchised establishments, get ready to learn about this exciting way of doing business. You’ve arrived at the most comprehensive one-stop-shop on the Internet to help guide you in your quest to become a franchisee. Best wishes and welcome! Why would I want to buy a franchise? Franchises have the highest success rates and the lowest failure rates of any business in Northern America today? Over 95% of all franchises are still in business after five years because they all come with built-in proven success formulas used by franchisees across the country. When you purchase a franchise you will receive on-going support for the life of the franchise. By on-going I mean marketing, training and management support guaranteed by your agreement with the franchiser. Why should I pay royalties? Royalties are the magic that makes the formula work. What would it cost you to hire a management, marketing, advertising and customer support team? The answer is …. A lot more than the typical owner would ever spend! How much would you put back into the business? You certainly couldn’t hire this group for under 10% and the vast majority of all royalties are between 4 and 8%. The wonder of royalties is that instead of the individual owner footing the bill to run his or her business, the expense is shared with all of the franchisees within the organization. |