Buy a Franchise
If you think you may want to buy a franchise, you owe it to yourself to do as much research as possible to ensure you’re making the right decision. And if you’re looking to start a business that gives you the best chance for sustained success, a franchise business is an excellent option. Buying a franchise is a great way to go into business for yourself, but not by yourself.
When you buy a franchise, you’re provided access and support to the franchisor’s proven systems and a team of people in place to make sure you’re successful in building your business. Franchises also create thousands of jobs each year, help develop local economies and provide endless growth opportunities.
What is a Franchise Business?
The franchise business model is basically a licensing system where the owner (licensor or franchisor) of a product or service licenses others to market his/her product or service (franchisees) within a defined territory, following the guidelines established by the licensor. There is virtually no product or service that is not available to the consumer through a franchise business.
Franchising has more than 3,100 franchise concepts available today in almost 300 industries that generate over $2.3 trillion dollars in revenue per year. The franchise industry is also responsible for employing more than 21 million people. It includes hotels, automotive and repair, business services, cleaning services, restaurants, educational services, health and fitness, senior care, pet care and many others. If you can imagine an industry, there’s probably a franchise system to support it.
Franchise businesses provide a number of benefits over traditional business opportunities such as training, start-up assistance, marketing programs, tested operating systems, and continued support.
Speak to an Expert
To learn more about the franchise business model and how it may fit with your goals, skill set and lifestyle, complete the Find Your Perfect Franchise request form on the right and a franchise consultant in your community will reach out to you to discuss next steps. Or you can enter your zip code in the box at the top right side of the page to find a consultant in your community.