Around 800,000 franchises are operating in the United States right now, and it is easy to see why people are attracted to this business model. The opportunity to take over as the owner of your own branch is a hugely appealing thing to people across the country, but the reality is not every franchise will be successful. The biggest thing that determines the success of a franchisee is the business they choose to open. If you are running a franchise from a business that doesn’t position franchisees for success, you are going to be fighting an uphill battle. Let’s look at what separates a good franchising opportunity from a bad one.
Low Overhead
Many franchises make the barriers to entry incredibly difficult to surpass. They require massive franchising fees, huge training costs, and significant investment in things like inventory and rent. This means that only wealthy people can take over the franchise or that franchisees that aren’t independently wealthy are going to have to plunge themselves into debt to succeed. A better option will allow franchisees to succeed quickly without massive initial investments.
Excellent Training and Career Development
Training and learning the ropes is a pivotal step to franchise success. A good franchising business will make the time investment to give their franchisees the tools they need to understand the business and thrive. They will continue to invest time and resources in the development of the franchise so that franchisees have access to expert advice and can continue to grow the operation and build something profitable and sustainable.
The Hood Guyz Offer
Hood Guyz is a national commercial kitchen cleaning franchise that has operations spanning the country. Franchisees have the chance to enter the business without a massive franchising cost, and because Hood Guyz is a mobile business, there is a drastically reduced overhead. Training is extensive, and franchisees can always rely on the continued advice and assistance from a leadership team with decades of experience. It is an exciting opportunity for franchisees hoping to build a long-term profitable business.