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Submitted by Tom Rather
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Starting a franchise can revolutionize your lifestyle!
If you decide to start a franchise, you will be amazed how it will impact
your income! A solid business franchise model will help make your growth more profitable and easier to sell.
As you implement your franchise business plan and begin to sell
franchises, your income will increase from your franchise services
as:
- Franchisees pay their Initial Franchise Fee - anywhere from $12k to $35k.
- Each franchise owner pays you 4% to 8% of Gross Sales as Royalty, for an average of 10 years.
- All franchise agreements enable you to purchase at greatly reduced prices which leads to reduced inventory & equipment costs.
Franchise development results in improved brand recognition and
lower marketing costs which will increase
your sales.
When you start a franchise you can double or triple your profits!
Let's take a look at a sample franchise business plan that highlights
how to DOUBLE YOUR PROFITS!
In this franchise business plan example, your business earns
$500,000 in gross sales annually. The business net profit, is assumed
to be 20%, = $100,000.
3x3 is all it takes!
By starting a franchise and selling 3 franchises, assuming an Initial
Franchise Fee of $20,000 each, franchise sales would be $60,000.
Assuming each of the 3 franchise owners earned $500,000 a year
in sales, 5% royalties on franchise services would equal $75,000 per year.
This Residual Franchise Services Income would be for the life of
each franchise owner ....normally TEN years! PLUS renewal options
for additional years,
Lots of people are franchising their business.
The next one could be you!
With over 60,000 franchised businesses in the U.S. today, starting a franchise is a great way to expand your operations and increase your
revenue!
Contact your franchise consultant or coach and learn how we can develop a custom
franchise business plan for your business.
Call 866-361-9940 or email tom@howtofranchise.org now to get started.
Ready to start a Franchise?
Starting a franchise business can turn your dream of franchising into a profitable reality. Our franchise coaches and consultants offer franchise solutions to make the process easier, faster and more affordable.
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