So recently, we learned, “What is a Franchise.” In today’s blog post, we’d like to identify some of the advantages to investing in a franchise. With the help of Ask.com, we have compiled a list of the top 10 reasons why we think buying a franchise is a good idea. We invite you to review this list and share your feedback.
Buying a franchise can be a life-changing experience. Here are some reasons to consider buying a franchise…and maybe this will help you understand why a franchise could be a great investment.
1. Quick-Start Business
There are many entrepreneurs that have exactly what it takes to run a successful business but don’t have what it takes to get their business up and running. Whether it is financing or even the confidence it takes to quit their job and start their own business.
Buying a franchise eliminates all the hard work. When you buy a franchise you are buying a complete turnkey business.
2. Proven System
When you buy a franchise you buy a system. All franchises have an already-established system in place that you must follow. These systems are designed to improve the overall productivity and increase sales of each franchise. Having a proven system already in place eliminates the guesswork and errors a common business owner would normally face.
The High Touch High Tech – Science Made Fun franchise system has a 20-year proven track record of success! Find out more at ScienceMadeFunFranchise.net
3. Increased Probability of Success
Buying a franchise is very different from starting a mom-and-pop business. Since there is an already established system in place, there is a higher likelihood of success. If you follow the system the franchisor has put in place, you should be on your way to running a very successful business.
4. Corporate Image and Brand Awareness
If you buy into a franchise system that is already established the corporate image and brand awareness is already recognized. Customers are usually more comfortable purchasing items they are familiar with and working with companies they already know and trust.
With 27 locations across the US and around the world, the High Touch High Tech – Science Made Fun brand is easily recognized and valued by parents, teachers and the local communities in which we serve.
5. Easier to Obtain Financing
Lenders are usually very comfortable financing the purchase of a franchise because they already have a proven track record. Bankers usually look at successful franchise chains as having a lower risk of repayment default and are more likely to loan money based on that premise. In addition, some franchise systems even provide in-house financing and/or leasing options.
Learn more about SBA loans and the High Touch High Tech – Science Made Fun in-house financing program.
Most franchise companies offer a multi-day/week training program that is usually held at their corporate offices or at an actual franchise location. This is what makes franchises stand out from every other business or business opportunity. The franchisor will train you to run your franchise exactly the same way their other franchise locations are run. This will ensure that you are running your business efficiently and will help to eliminate any common mistakes a new business owner usually faces.
Spend a week training with High Touch High Tech – Science Made Fun in beautiful Asheville, NC to learn all the in’s and out’s of being a franchisee. We’ll make sure you are equipped with all the tools you need to start up your successful business!
7. Ongoing Support
When you buy a franchise you are never alone. You will always have the support of the franchisor and the support of knowing you are part of a growing family. You will always be able to pick up the phone and ask questions to the franchisor or even to other franchisees.
High Touch High Tech is committed to providing our full support and resources with ongoing communication, conferences, program development, technological advances and more! We’re here for you….just a call or click away!
There is usually no need to worry about advertising your franchise. The franchisor usually takes care of handling all of the marketing. If the franchisor does not handle the marketing, they will typically have branded materials that you can easily modify and reproduce to meet the demands of your local market.
With branded print marketing templates, branded e-newsletters and as slicks, we’ve got your marketing needs covered.
9. Exclusive Territory
When you buy a franchise you are also buying an exclusive territory in which to do business. Franchisors will only allow a certain amount of franchises to be open within a certain geographical region. You will be entitled to a certain area and no other franchises (within your franchise system) can be open within that area.
The standard High Touch High Tech franchise territory serves a population 1.5-1.8 million. All territories are protected and exclusive.
10. Own Multiple Locations
Being a part of a franchise system will always offer you more opportunities to grow within the system. Once you have become a successful franchise, owner the next step is to become a multi-unit franchise owner.
After you have one successful franchise open with a great management team you can focus time on opening a second location. Multi-unit franchise owners manage more than one location and are able to sometimes double their income by taking on more than one location. Owning multiple franchise locations can be very lucrative.
The decision to invest in a franchise is personal, emotional and involves the support of family and friends. You need to ensure your business ideas align with the franchise opportunity that interests you most.
For more resources on the Basics of Franchising, visit Ask.com.
For more information on High Touch High Tech – Science Made Fun franchise opportunities, visit ScienceMadeFunFranchise.net
High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.