Top 10 reasons to own a resale franchise
Own a franchise with existing customers and proven processes.
Here are my top 10 reasons to consider a resale franchise*:
- Existing customer base.
- Proven business model.
- Trained employees.
- Opportunities for expansion.
- Effective training programs.
- Faster path to cash flow.
- Extensive support and resources.
- Brand that is already established in the community.
- Marketing and advertising assistance.
- In some instances it can be less costly than starting from scratch.
- BONUS: You will be able to read the financials of the business before investing.
A resale franchise is not for everyone
- Employees may resent a new owner – you will need to build a rapport.
- Repeat customers may need to be won over to new management and operations.
- Investment is typically based on the performance of the business and may be out of reach for many buyers.
- You will be buying someone else’s success or failures and not have the feeling of accomplishment that comes with starting your own business.
*Each business is different and conducting extensive due diligence, and working with an attorney and accountant to discuss your investment is highly recommended.
People who are wanting to get into business quickly with less risk than a start-up may want to consider a resale franchise. Often the current owners will provide you with guidance and support while you transition into business ownership. While the franchisor is there to offer you the support you need to realize your dreams. Let’s talk and get you started on your path to financial and personal freedom.
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Trish Benedik owner of Select Franchise Consulting will help narrow your options and find the franchise that is the right fit for you saving you time and frustration. Our consultation will help you make an informed decision. There are thousands of options in franchising, find the one that is a good fit for your business and lifestyle goals.