Buying an Existing Franchise Business

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If you’re considering buying an existing franchise business, you’ll be happy to know you are making a sound business decision. Here are some of the many advantages.

Buying An Existing Business

Higher Chance of Success – An existing business has already proven that it can operate successfully.
Immediate Cash Flow – You’ll move right into the operation with no down time. Start-ups have extensive down time before the doors even open.
Actual Performance Data as Opposed to Projections – Start-ups must project income and earnings through formulas and guess work. An existing business has a financial track record to help gauge the business by.
Vendor Relationships – you can use the existing vendors while you shop for better deals.
Established Customer Base – established businesses have a customer base to build on.
Trained Employees – you’ll have a team of trained employees already in place.

Why Buy a Franchise?

Franchises offer proven products with proven successes. Many people have opened and operated a business very similar to yours, so many of the operational problems and pitfalls have already been worked out. Franchises offer a well-known name that gives you instant recognition and built-in credibility. The best part is, 85% of franchise businesses are successful after five years. Less than 20% of non-franchise start-ups make it through the first five years.

Franchises also offer great opportunity to add additional locations in the future. And training, one of the most difficult tasks for a small business to manage, is usually handled by the franchise company.