Benefits of Opening a Franchise
If you are thinking about opening your own business, you have many options. If you have an idea and enough capital, you can start your own company. This has the potential for great success, but unfortunately many new businesses fail to catch on and don’t last very long.
Another option you may not have considered is opening a franchise. You can be part of a larger chain of similar businesses that offer the same product or service. There are several advantages to opening a franchise.
Own Your Own Business
A franchise offers the opportunity to own your own business. You can manage your schedule and handle the day-to-day affairs of running the business, as long as you follow certain policies and procedures set down by the corporate headquarters. There is a lot of flexibility involved in operating a franchise.
Sell a Product That Is Already Known
If you open a franchise is, you will be working with a company that has already developed a successful product and a proven business model that works. Customers are already familiar with the company and what it has to offer. They may have been to other franchise locations and tried the product. If customers know what they are getting and have found that they like it, you may have potential customers who will be lining up to buy the product from you. You won’t have to go through all of the work of introducing a new product, getting the word out, and hoping people like it.
A company that operates franchises already has a brand and image that people know. Customers are more likely to buy from a company they recognize and respect than from a new and unknown business.
Get Support from Headquarters
You will receive support from the parent company. This can include assistance with training, operations, and advertising. You would not have access to that amount of support if you were to open your own business.
Get Better Prices for Supplies
Working with a larger company as a franchisee can also help you get better prices for the things you need to operate your business. The franchisor can negotiate prices on behalf of franchisees that are lower than what you would pay if you were buying the same items on your own. In that system, everyone benefits.
Benefits of Opening a Between Rounds Franchise
Between Rounds is a Connecticut bakery café and bagel shop chain with franchise opportunities available. We offer quality, freshly made food in a fast casual setting that is popular with people across Connecticut. Opening a Between Rounds franchise offers the potential for unlimited growth without prohibitively high startup fees. If you are interested in learning more about opening a Between Rounds franchise, contact us today.