getting started
Why Buy a Franchise?
If you are one of millions of hard working people stuck in an unfulfilling job where you’re busy building someone else’s business instead of your own, you should consider taking the steps toward owning your own franchise business. FGS only works with franchise opportunities that we are willing to invest with ourselves. With this perspective, FGS will evaluate your interests and recommend the perfect business opportunity for you.
Becoming a part of a franchise organization has its benefits. Consumers believe when they shop at a franchise with a brand name store they are getting quality. As a franchise owner, you enjoy the success of being a part of an organization without having to go through the expensive trials and errors experienced by other business owners when they attempt to start their own businesses.
Why is Franchising So Powerful?
Franchising as a whole has a 92% success rate for business owners, according to the Sourcebook of Franchise Opportunities. For franchisees who own multiple units, the rate increases to 97%. Increased market share equals increased profits and franchising is the best way to gain market share. Right now, retail franchise businesses represent only 8.3% of the businesses on the street. However, the sales from those franchises represent 40.9% of the total retail sales in the United States. The typical franchise, when compared to an unaffiliated business, is more profitable.
As a result of their extensive surveys, the International Franchise Association tells us that:
- 93% of the franchisees say that a franchise gives them an advantage
- 88% recommend a franchise over a non-franchise business
- 83% are happy with their franchise
- The average yearly net income for a franchisee is $91,630
- The average net income for a multi-unit franchise is $142,000!
Franchising is the single most successful marketing strategy ever."
- John Naisbitt, Author, Megatrends
By following the franchise system, the franchisee’s chances of success increase. By following an established business model that is proven, easy to follow and predictable, you should achieve similar results of other franchisees.
As a part of your new franchise business, you receive on-going training, operations manuals, store design, reduced cost of equipment, marketing support and many other benefits. Franchisees have access to a coaches and mentors all along the way to help them be successful. Through the franchisor’s buying system, the franchisee will usually pay much less than their unaffiliated competitors do.
four types of franchises
Looking to Buy a Franchise?
Franchise Growth Systems has over 150 years of combined franchise development experience. We can assist you to find the right franchise at the right investment level for you.
Different Types of Franchise Systems Available:
Watch a video explaining these different types of franchises! Click Here.
- Single Unit Franchise – A Single Unit Franchise is a business agreement where you agree to buy a single franchise in a specific area. You manage all the operations of that franchise and your business with the help of the franchisor and other regional and area owners.
- Multi-Unit Franchise – Similar to a Single Unit Franchise except that you own the rights to open an agreed upon number of franchise units in a given area. Again, these franchises are under your control and you are responsible for their day-to-day operations.
- Area Developer – You own the rights to open and develop many franchise units within a defined geographical area. Area developers may have the responsibility to manage several single-unit and multi-unit franchises in their area.
- Master Franchises – Often called Regional Franchises, a Master Franchise is a special type of franchise agreement that gives you the exclusive right to open as many Single-Unit, Multi-Unit or Area Developer Franchises as you want in a large geographical area. It is common for Master Franchises to encompass large areas or areas contain millions of people. In these regions, you control where all franchise locations will be and how many you will build. The investment in this type of franchise may be large, but the rewards far exceed those of any other franchise agreement.
This low-overhead business requiring few to no employees can be built into a business worth millions of dollars. We have the most comprehensive listing of these Master Franchise opportunities and would welcome the opportunity to talk to you about the exciting opportunities currently available on the market.
do you qualify?
Skills That Will Help You as a Franchisee:
- Management and sales experience. Real life experience running a business or managing a business for someone else is very helpful but not essential. There are successful franchisees who were engineers, hair stylists, or homemakers.
- Good people skills. Dealing with customers requires patience and professionalism. If you treat your customers right and provide a good product or service you not only gain a repeat customer, you gain a friend.
- The ability and desire to follow a proven system. The franchise system is a system for success when followed. Don't buy a franchise unless you believe you can follow their system.
- Financially qualified. Franchise fees for a franchise will typically range from $25,000 to $500,000, depending on the type of franchise you choose to invest in. Also, you will need operating capital to support your operation until you can begin to make money. In addition, you will need to allocate funds for advertising. Typical operating capital will be from $25,000 to $200,000 depending on how large your set up is.
Do you think you’re a candidate to own a Master Franchise? Send us your contact information:
