Your survived the Great Recession, your business is growing again and you see an opportunity to expand. But the painfully slow economic growth and your measured approach to taking risk is holding you back. Furthermore, your banker refuses to stake your aggressive vision.
One solution is franchising your business.
In 2006, Bradenton-based Peach’s Restaurant, for example, launched its first franchise at The Landings shopping center in Sarasota and expanded rapidly. The company previously expanded with company-owned restaurants, establishing its brand and developing a system for its niche business.
An established brand, a history of success and a teachable system are key features for a franchiseable business. As Francorp put it, “Is your business profitable? Can it be duplicated? Do you have a system a franchisee can easily follow?” Read full post here.