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FRANCHISING
Everywhere you look today, you see FRANCHISES! In fact, financial experts have indicated that franchising is the “wave of the future”. In the next 10 years, franchising could comprise over 50% of the retail economy and employ millions of people. This growth should be anticipated based on the simple logic of the underlying concept. Franchising offers success, with the least amount of risk, to aspiring business owners. Franchises will enable hundreds of thousands of new business owners realize the 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 the following questions?
q I want to start a business, but I don’t know what kind?
q There are over 4,500 franchises available, which is the right one for me?
q I don’t have any experience in running my own business; can I get the training?
q Can I get support after I get my business started?
q How much investment will I need?
q Can I finance any of my investment?
q Do I need to operate the business or can I hire someone to run it for me?
q Can I open more that one unit?
The questions are endless, and that is where Franchise Advisory Group can help you. We help you answer the above and many more questions. Our role is to help you analyze your lifestyle, financial and business requirements, and then help you focus in a few opportunities that best fit them. Then, we will help you present your qualifications to the franchises that you have an interest. With our vast knowledge of franchising, we will help you choose the franchise the best for you and your family.
Franchise Advisory Group does not charge you for our services. There is absolutely no obligation that you buy a franchise that we present to you. After going through the evaluation and qualification process together, we will present you as a qualified prospective buyer to the franchises that you have chosen. If you purchase one of these franchises, the franchisor will pay us for finding a qualified buyer. Federal Trade Commission law dictates that the franchisor must charge you the same whether you go through us or directly to them.
There are other reasons you should utilize the services of Franchise Advisory Group instead of going direct to the franchisor.
q Franchise Advisory Group will educate you in the intricacies of franchising.
q The franchisor will tell you the advantages of their franchise, but Franchise Advisory Group will also identify any disadvantages that should be considered.
q The franchisor will tell you how great their franchise is, but Franchise Advisory Group will help you identify the franchisors competitors that may be even better.
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Statistics
q Franchised businesses account for nearly 50% of all retail sales in the United States.
q The International Franchise Association has reported that franchising is responsible for 760,000 businesses, 18 million jobs, 14 percent of the private sector employment, and over $500 billion in payroll!
q 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 the were still open for business.
q 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.
q A U.S. Small Business Administration study conducted from 1978 to 1998 found that 62% of non-franchised businesses closed within the first 6 years of their existence due to failure, bankruptcy, etc.
q Total sales by franchised businesses are projected to reach over $2 trillion, this year.
q 1 out of every 12 businesses is a franchised business.
q A new franchised business is opened every 8 minutes of every business day.
q 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.
q According to the February 2005 article by the National Federation of Independent Business (NFIB), 1 of 4 small businesses with employees have their primary location at home, 85% of small firms are operated by owner-managers.
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