Look around at businesses today – what do you see? FRANCHISES! In fact, financial experts have indicated that franchising is the “wave of the future”. In the next 10 years, franchising will comprise over 50% of the retail economy and employ millions of people. Based on the simple logic of the underlying concept, franchising offers success to aspiring new business owners with the least amount of risk. These systems will enable hundreds of thousands of new business owners to realize the American Dream of successful business ownership and financial independence.
What is stopping you? Are you like many other people and simply don’t know where to start? Are you asking yourself some of the following questions?
- I want to start a business, but I don't know what kind.
- There are over 1500 franchises available, which is the right one for me?
- I don't have any experience in running my own business; can I get the training?
- Can I get help after I get my business started ?
- How much investment will I need?
- Can I finance any of my investment?
- Do I need to operate the business or can I hire someone to run it for me?
- Can I open more that one unite?
The questions are endless, and that is where Business Opportunity Source can help you. Without charge or obligation, we help you answer the above and many more questions. Our role is to help you analyze your lifestyle, financial needs and business goals, and then help you focus on a few opportunities that best fit them. Then, we will help you present your qualifications to the franchises in which you have an interest. Through our experience and knowledge of franchising, we will help you choose a business that is a great fit for you and your family.
Common Franchise Investment Levels
Single Franchise - This is the beginning level and common form of franchise participation. The franchisee is given the exclusive rights to operate a single unit franchise in a specified area. It could be a home-based business or have a physical location, full time or even part time.
Multi Unit Franchise - The franchisee owns and operates more than one franchise unit. The franchisee is typically less involved with each individual unit, but manages the multiple unit operations.
Area Development Franchising - The franchisee will own an exclusive territory and will agree to a development schedule for the number of units they must open and operate. There is typically a significant reduction in franchise fees and possibly ongoing royalties. Area Developer franchisees usually have managers for each unit.
Master Franchising
Master Franchising is one of the best kept secrets in business ownership today. Masters are typically very lucrative when available. Many franchisors do not offer them, and when available they generally sell quickly because the investment is relative low and flexibility is greatest at this level. The Master Franchisee (or regional developer) buys the exclusive franchise rights in a large area, usually a metropolitan area or even an entire state. In the process of developing the area the Master usually sells single or multiple unit franchises and keeps most of the franchise fees paid by the new owners. In addition, the Master Owner usually gets half of the on-going royalties paid by these single & multiple unit owners. Distribution of products through these franchisees in the master area may create additional income. Recent surveys show that Master Owners experience annual income of $150,000 to $1,000,000 or more, while building equity of $500,000 to $10,000,000 or more.
For More Information on Franchise Investment Levels: Please Contact BOS
Franchise Statistics
- Franchise businesses account for nearly 50% of all retail sales in the United States.
- Franchise businesses employ more than 8.5 million Americans.
- A 1999 study by The United States Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of them were still open for business.
- A U.S. Department of Commerce study conducted from 1971 to 1997 showed that during that time less than 5% of franchise businesses were closed each year.
- Compare that to a U.S. Small Business Administration study conducted from 1978 to 1998, which found that 62% of non franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc.
- Total sales by franchised businesses are projected to reach over $2 trillion, this year.
- 1 out of every 12 business is a franchised business.
- A new franchised business is opened every 8 minutes of every business day.
- In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30% of franchisees earning over $150,000 per year.
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