What are the top 5 benefits of franchising? Find out below if you’ve got what it takes to start a franchise and to see what’s in it for you!
#1 – Proven success. Buying a franchise means you are buying in to a brand that has a track record of success. You are more likely to have a successful business as the business model will already have been proven to be a good one. This means less risk for you.
#2 – Brand name. People are more likely to buy from a brand they have heard of before, especially if the brand name has positive connotations. Also this saves you money, time, specialist knowledge etc of building a brand name. Crucially a brand name is paramount to success, you would be buying in to a strong brand, a brand that has taken years of hard graph to create it’s strong name and reputation.
#3- On-going support. A good franchise, like the one we offer at Fun Science will offer on-going support at no additional cost. We also won’t take a percentage of your profits, instead you pay £150 pcm and in return you will get on-going support and training, national and local advertising paid for, technical help and assistance and marketing.
#4- Work where you want. You can set up a franchise anywhere you want, as long as you have the target market close by. Fun Science franchises can be run from your own home, which minimises overheads. Franchises are a great way to work around family life, as you decide when and how much you work.
#5 – Be your own boss. The 5th benefit of buying a franchise relates to the 4th. As with #4 you can decide when and where you work, buying a franchise gives you the freedom to completely be your own boss. Although you have to stick to due diligence and and follow set guidelines the rest is up to you. This doesn’t just mean the technical day to day of running a franchise, but also extra activities like joining in with community events, sponsoring your business, and most importantly, where your money goes. The more you work the more you earn, and at Fun Science we believe in incentivising hard work, which is why we don’t penalise you for doing well, which is why we’ll never take a percentage of your profits.
If you like the sound of these top 5 benefits of buying a franchise, why not visit our franchise webpage and discover even more benefits of buying a franchise, including a detailed breakdown on how much your average yearly earning could be! http://kidssciencefranchise.com/
Feel free to get in touch, we look forward to hearing from you!