Buying a Franchise
Buying a Franchise can be a life changing business experience.
Franchises have become an extremely popular option when considering setting up a New Business. They offer some-form of assurance because they offer the benefits of a proven success formula, and many require less than $30,000 to get started.
Normally, franchisees working together under one business system and one trade name, with group advertising and buying power, have significant advantages over single business owners. Franchises are proven to have higher success rate of new businesses. It’s common to see Franchises in successful operations even after several years because Franchises come with highly effective business systems and training, on-going support and time-proven success formulas.
Royal LePage Vision is continually working with Buyers and Sellers to help them make informed decisions when it comes to Investing into your future.
Here is a partial list of why we feel; buying a franchise can be a life-changing business experience…
1. Complete Setup – Turnkey Operations
When you buy a Franchise, everything has already been done and you just walk in and start operations from day one.
Everything has already been done and professionally set up. Most businesspersons know how to operate a business but have little knowledge on all the aspects of getting a business up and running from scratch.
Franchises have done all that back ground work for you, and are there for you as you start operations and they help the businessperson handle objections and problems that any new businessperson will have. They help you create successful long-term goals and opportunities. Buying a franchise eliminates most of the hard work.
2. Systems for Success
Franchises in general attribute their success to systems they have in place. These proven systems are the backbone of success of the Franchise. They are designed to help the Franchisee to improve the overall productivity and take away the guesswork and blunders a small business owner would normally face.
Good system as with a Franchise attribute to success of a Franchise owner more than it will with a business started from scratch.
3. Franchise Brand and Locations
Locations by any Franchisor are sought after substantial market research, the success of the Brand and having multiple locations with the City also contribute to the success of the Franchisee.
Customers are confident and comfortable making purchases – there is a sense of organized structure, which causes a trust factor.
4. Business Financing
When setting up your business, you will realize that Financial Institutions are contented in Lending Business Loan when there is a success Franchise that they Financing as suppose to a Small from-scratch business. The main reason being that Franchises have a proven track record and proven success in the Franchise system.
Buying a Franchise allows the buyers to have lesser monies invested and more kept aside for operations and the possibility of expanding to multiple locations.
5. Training and Continuing Support
Training and continued support will help the Franchise work efficiently and in an organized manner. Continued research and development by the Franchisor lays out the path for all Franchise to operate and improve as the competition and market needs and wants of the Consumer change. Common small business struggles and mistakes are replaced with confidence and long-term success.
6. Marketing and Introduction of New ideas/Products
Most corporate advertising and marketing are generally the responsibility of the Franchisor. This allows the Franchisor to create long-term brand awareness, continued high sales volumes and adaptation to changes within the Industry.
7. Additional Locations/Branch operations
Success in one location can be a driving factor to think of owing additional locations. It is no doubt more lucrative to own multiple locations as profits from these additional locations contribute to your bottom dollar. Normally it allows for a better control of your resources, be it your staff, your inventory or your ability to be more hand-off, success is what it is all about.