AboutThe Process
Contact
Get Started

One positive came from COVID: the new perspective we have about work/home life and trying to achieve a better balance. If you want to stop trading your time to build someone else’s wealth and want to be your own boss, franchising might be your best option. 

As with any new venture, there are inherent risks. If you wonder whether buying a franchise is worth it, these are some of the benefits and downsides of franchise ownership. Only you know if it is right for you.

(more…)

Before investing in a franchise, you should take several factors into consideration including; your risk tolerance, expected return on investment, salary replacement requirements, and the capital you’ll need to reach success, however you define it. Another factor that new franchise owners don’t consider often enough is how quickly you’ll reach those goals. Sometimes getting where you want to be financially isn’t feasible with just a single franchise unit.

Owning multiple franchise units can be an excellent way to hit your revenue goals faster if you proceed with due diligence, realistic expectations, and a plan to optimize efficiencies across your units. It is possible to obtain your goals, regardless of how lofty they are, but sometimes you have to go big or go home.

Franchises have the advantage over other new businesses of less risk. When you buy into a franchise, you get the golden keys to making it work and reach profitability. You are more likely to obtain funding since traditional lenders see less risk funding franchise businesses. Franchisors will give you a discount on franchise fees when you buy more than one unit. Owning multiple units is quickly becoming one of the preferred ways of lowering operating costs and boosting earning potential for franchise owners.

(more…)

Address: 3400 N US 75-Central Expy 1000 Ste #110, Richardson, TX 75080
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram