Five Advantages of a Franchise: Owning to Running
Franchising is synonymous with the American Dream, and there are good reasons for that! The franchise business model allows people with no business experience to be in business for themselves, but not by themselves.
When you open a non-franchised business, you are on your own- you don’t have the support of a franchisor at your side. There are many benefits of owning a franchise – We have listed five reasons why you should become a franchise business owner today!
1: Established Franchise Brand Recognition
Opening a business that already has an established brand and a recognized name is a huge advantage of owning a franchise.
An established brand takes away the need to build a loyal customer base on your own, as your customers have already heard of your business.
Even if they are yet to visit a location, if your business is an already established franchise it instills trust in the potential customer because franchises have certain standards that need to be met.
You will also benefit from not needing a large marketing budget because your community will already know all the great qualities of a highly-regarded brand, and you can use this to your own advantage.
2: Proven Franchise Business Model
Another one of the benefits of a franchise is that the franchise business models are proven business models.
Franchising has been around since the late 19th century, when Singer Sewing Machines began selling licenses to entrepreneurs to sell its machines in specific territories.
Since then, the franchise business model’s popularity has been steadily increasing as people look to use this model as an advanced way of owning their own business.
Franchising is a proven business model that has already been tried and tested for success. The brand has established growth and success, and is deemed profitable. When you become a franchisee of the brand, you gain access to the proven business model along with the operating systems, support networks, suppliers, marketing strategies, and much more.
3: Franchise Training and Ongoing Franchisee Support
As mentioned previously, choosing to become a franchisee versus starting your own non-franchised business means you don’t have to go it alone. The franchisor’s success is your success, so you will go through extensive training to ensure you will run the business as planned.
Not only will franchisees receive training to learn how to run the business, but they will also receive ongoing support. The franchisor will be there from your grand opening and beyond to help answer questions and provide guidance.
Franchisees also find support with other franchisees within the brand — another great advantage of owning a franchise.
4: Economies of Scale
With a franchise, you won’t have to find supplies on your own — franchisors have already established relationships with suppliers. Since a franchise has many locations and a proven success rate, franchisors are able to negotiate better prices for supplies on behalf of their franchisees. These savings that have been passed on to you are one of the many advantages of a franchise.
Also, with franchise restaurants streamlining the process, much known how’s go around unique proposals such as QSR franchises or healthy fast food franchises. The idea behind this, is leave behind the typical chain concept, where the food tends to be more charged with calories but poor in real nutrients.
5: Access to Capital
Lastly, another benefit of a franchise is that it is typically easier to receive financing when you are opening a franchise location. Franchise businesses are seen as a lower-risk investment to banks, due to the brand recognition and higher success rate than start-ups. Investors are more likely to see a return on their investment with the backing of a successful franchise brand.
Start Your Franchising Journey
Looking to open your own franchise business? Shawarma Press, a Mediterranean shawarma franchise, fast-casual franchise restaurant, could be the right choice for your journey to entrepreneurship.
Shawarma Press offers healthy, fresh, authentic Mediterranean cuisine franchise to customers looking to diversify their palates. Communities across the U.S. are becoming more and more multicultural, and Shawarma Press is where customers can satisfy their shawarma cravings.
Shawarma Press is also an attractive franchise opportunity because we offer multiple revenue sources, such as in-store sales, online ordering, delivery, and catering.
Shawarma Press is looking for entrepreneurs to help expand its emerging brand. Get in touch with our team today to begin your journey with us as a franchise business owner. Visit our website to learn more, also, access more franchise resources.
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