fbpx
NOW LIVE: The latest episode of Smart Franchising with Fransmart is now live featuring Rick Fisher. Listen now!

Why Franchise with Us

You may ask yourself, “Why should I franchise with Fransmart?” We give you the tools, the tactics, and a strong portfolio of brands when making your franchise investment.

How to Buy a Franchise

Fransmart’s proven 10 Steps to Franchise Ownership is the perfect how to guide for entrepreneurs looking to build wealth through franchising.

Franchise Investor Case Studies

Fransmart has decades of experience in pairing experienced franchisees and qualified entrepreneurs with successful franchise brands.

Coming soon

Become a Franchise Owner

Our portfolio of brands with leading concepts ripe for expansion and best-in-class unit economics.

Franchise Your Business

We are the global leader in franchise development and grow global brands better than any other franchise firm. Learn how to become one of our brands.

Capital Investments

We love investing in early stage brands! We are smart, strategic investors and are always looking for emerging, early stage brands to invest in.

Franchisee Resources

Want To Learn More About Franchising? Learn From The Experts At Fransmart. There’s no better collection of franchise resources and experts.

Apply to Franchise Your Business

We help our brands develop practical franchise development expansion plans with measurable results.

See All Franchise Opportunities

Our portfolio of brands with leading concepts ripe for expansion. Our brands have best-in-class unit economics and a large runway for growth.

About Us

We are proud to work with authentic brands who make people happy. We accelerate the growth of the brands that put smiles on people’s faces.

Services

With decades of franchising experience, our team of franchising experts excels at giving emerging brands the tools to become a profitable franchise.

Contact

Whether you’re playing the field or already have one of our brands in mind, we are ready to put you on the right path to building franchise wealth.

Franchisee Resources

Want To Learn More About Franchising? Learn From The Experts At Fransmart. There’s no better collection of franchise resources and experts.

Videos

Smart Franchising with Fransmart Video series, where you can get the latest in our thought leadership on all franchise-related topics.

Podcast

Dan Rowe, the founder and CEO of Fransmart, has grown brands to more than 100 locations. No one knows more about franchise growth than him.

See All Franchise Opportunities

Our portfolio of brands with leading concepts ripe for expansion. Our brands have best-in-class unit economics and a large runway for growth.

Why You Should or Shouldn’t Purchase a Franchise

Sep 14, 2021

Franchising has become a popular topic, with more and more people getting interested. Let’s review in detail why they should or shouldn’t purchase a franchise. The truth is that you should ask yourself some questions before making this decision.

As your time and money are on the line when you purchase a franchise, you must weigh all of the benefits and drawbacks. To assist you in researching this topic further, the significant advantages and downsides of purchasing a franchise are below.

Favorable Reasons for Purchasing a Franchise

The first favorable, to get started, you don’t need much experience if any at all. The franchisor will give the training to assist franchisees in learning or improve the skills needed to manage the franchise. At the franchisee’s request, several franchisors additionally provide further training.

There is also assistance from a wider corporate community. Not only will the franchisor provide you with a manual to refer to, training, and continuing guidance, but you will also be able to obtain help from more franchisees that belong to the network. Franchises hold annual conventions or gatherings regularly.

Then, a large portion of the work required to launch a company concept has already been completed. The process incorporates developing and testing services and products of well-known brands. So, the franchisor will know which areas and demographics are most conducive to their system’s success.

The ability to use the franchisor’s combined purchasing power is another plus. In many situations, the franchisor has established ties with suppliers that enable the franchisees to acquire items at a lower price than firm owners in a similar field may negotiate.

Finally, financing may be simpler to come by in some circumstances. Because of their prior understanding of the franchisor’s product or service, banks and others are in some instances more willing to lend money to people wanting to acquire a franchise.

Unfavourable Reasons of Purchasing a Franchise

There is less freedom than owning your firm. Some franchisors have an excessive amount of control over their franchisees, which you may find oppressive. Franchisees sometimes have limits on where they may put their services/products on sale, together with rules for the suppliers they must employ and the hours they must operate.

Set prices for a variety of company expenses can be an issue, too. For example, any firm must pay for advertising and technology, but the franchisor determines these expenses in a franchise arrangement.

Unless there are exceptional circumstances, you must split earnings with the franchisor. Royalties are fees, which the franchisor regularly receives in exchange for the ongoing use of the franchisor’s trademarks and proprietary procedures. There are certain franchises, however, that do not need royalty payments.

Franchisors represent the most significant part of the authority for renewing. If a franchisee is in good standing, most franchisors will renew it if they provide renewal rights. This status, however, is at their choice. A set of standards stated in the franchise agreement is frequently used to assess good standing. When it comes to the reputation of your business, it is partially reliant on the reputation of others who own and operate the equal franchise. In case a franchisee’s performance is poor, potential consumers may hesitate to give your company a chance.

In Short

No business strategy or industry can ensure success and this includes franchising. However, some industry analysts believe franchising provides aspiring entrepreneurs an opportunity to be successful instead of alone.

Your Franchise Journey Starts Here

Whether you’re just starting out or already know the right brand for you – you’ve come to the right place. Fransmart helps franchisees use the power of compounded returns to own and operate multiple franchise locations throughout your desired market to grow franchise wealth.