Thinking About Investing in a Franchise? Consider These Top Benefits
Sometimes working a 9-5 job every day, without a change of pace, can get boring. For some, who no longer want to spend those hours working for someone else, starting a business might be on their mind. But owning a business is a large investment with a lot of risks.
As an alternative, investing in a proven franchise makes sense. Especially for first time business owners, this route has some layers of padding that reduce risk and offer the support and flexibility needed to succeed.
If you’ve been thinking about investing in a franchise, consider these top benefits.
Going in, you’ll already know that the business has worked for others. The brand is established and you’re not launching a business wondering if there is a market to serve at all. In fact, over the last few years, franchises have really started to grow and see success so it’s a great time to make the leap. Competition is steep and the market is finicky. As opposed to starting a new business from the ground up, where most times, the business won’t survive past the first five years, a franchise is a much safer option.
Another great thing about owning a franchise is that everyone involved wants to see you succeed. It’s beneficial for all involved when your location does well. The managers and owners you’ll have access to have already been in your shoes and can share valuable tools and strategies for overcoming business issues that may arise. And access to continuous training means you’ll always be ready to adapt to customer needs or the changing market demands, without having to find outside help on your own.
Great Earning Potential
What attracts most franchise owners to the business model is the earning potential involved. Moving away from hourly or salaried work for someone is a huge driver. While there are never guarantees, businesses that do well, have unlimited earning potential.
If you’re ready to make a change in your life and own a franchise. Do your research and choose business you know will work well in the area and demographic and find out as much as you can about financing and fees when making your decision.
If you’re looking for a franchise opportunity with unlimited growth potential and location flexibility, consider Between Rounds. A growing Connecticut institution, we’re dedicated to bringing quality, casual food and a friendly atmosphere to the communities we love.
Request the Between Rounds Franchise Information Kit and learn more about our bakery café and bagel store business.