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Why Are So Many Doctors Investing In Franchise Brands?

Jan 4, 2024

Black and red graphic that says "Why doctors are turning to franchising" and how you can improve your quality of life with these successful brands

Why are so many doctors investing in franchise brands?

Doctors are investing in emerging franchises as a way to grow their wealth. If you’re looking for an additional revenue stream, franchising is a great pathway to building long-term financial security. Brands like GLO30 and PayMore are seeing explosive growth numbers, and attracting high-profile franchisees from across diverse backgrounds, including doctors and other healthcare professionals.

Why is that? Because owning a Paymore or GLO30 empowers them to improve the lives of the people in their communities, while running a business to build generational wealth for their own families.

Meet Dr. Aparna Sharma, GLO30 Franchise Owner

She’s making headlines by bringing this exclusive skincare brand to Florida.

“Of all the success I’ve had, signing with GLO30 and becoming a business owner was my most memorable. It feels empowering, and freeing to be able to work towards growing my own business,” said Dr. Aparna Sharma. “I’ve always enjoyed medicine, and truly love working with patients, but more than anything I wanted to create something amazing for people, that I could do on my own and the way I wanted to.”

Dr. Arpana Sharma, GLO30 franchise ownerSign up for more info from GLO30

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“I was certain that medicine was my heart, but I studied foreign affairs, got my MPH, and had planned on using my medical degree beyond only the bedside. I wanted to use that knowledge in different scopes and capacities. What I did not know then though, was that I would become an entrepreneur and own a business that truly helps people like GLO30.” Dr. Aparna Sharma

Founded by Dr. Arleen Lamba, GLO30 has defined a new category in the $7B global skincare service industry. In fact, Dr. Lamba has spent the past decade building the brand as a solution to the growing demand for skincare treatments that she experienced first-hand as a practicing physician.

headshot of glo30 founder dr. arleen lamba and quote text: "for the past decade, we've seen a growing demand from both consumers and investors to bring our highly-coveted skincare studios to markets across the country. Franchising will accelerate our national growth by partnering with owners who share our passion for GLO and want to move into the rapidly expanding new category we created."

This emerging franchise brand is the perfect fit for doctors and other professionals with medical backgrounds, because a number of different treatments are performed under the supervision of a licensed physician.

investment info from glo30 - item 19

Another franchise brand that’s seeing explosive growth is PayMore Electronics. One of the new franchise owners is also the CEO for a major dental company, and he says that after opening his first location he’s planning to open 100+ more. That’s because PayMore’s business model combined with low startup costs and great unit economics is a winning formula for growth.

 

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paymore franchise investment info from item 19

 

Fransmart is the global leader in franchise development, and the exclusive franchising partner for GLO30. Sign-up to get more info on becoming an owner with GLO30, or submit your application today.

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