Is Franchise
Ownership Right For You?
Franchising has increased dramatically
during the last two decades and is quickly being recognized
as one of the most effective ways of doing business. It
combines the drive and ambition of the small businessperson
with the experience and expertise of a resourceful team and
a proven business model. More often than not, the result is
a winning strategic-partnership for both parties.
The success rate of franchise businesses is much higher
than that of independent businesses.
- According to Franchise World Magazine, a franchise business
has a 92% success rate after 5 years compared to a 23%
success rate of an independent business after the same
period of time.
- According
to the IFA, 93%
of franchise owners believe being in a franchise
system gives them a competitive advantage.
- A recent
Gallup poll of franchisees found over 75% would buy
their franchise again if they had to do it over.
- There is only one Franchise bankruptcy to every 40 independent
business bankruptcies in North America (5,000 vs. 200,000
annually, respectively).
- Although only 3% of businesses in North America are Franchises,
40% of retail and service business is conducted by those
franchises every year.
- There are now over 600,000 Franchises with over $600
billion in sales in North America.
A successful Franchise relationship means you are joining
a team where members have common goals. Together, the Franchisor
and Franchisee work to build a strong company image, develop
the market and increase profits. Individuals with an entrepreneurial
spirit and a desire to work as part of a team are the most
effective Franchise candidates.
Are you one of these candidates? If so - we have some opportunities
we'd
like to tell you about!
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