Jack Armstrong’s Post

Senior Franchise Consultant helping clients purchase the right franchise or existing business

7mo

Are you considering franchising your business? It's a big decision, and I'm here to help! With 29 years of experience and hundreds of success stories, I can guide you through the process. Let's chat about your business model, market potential, and investment level to determine if franchising is the right path for you. Reach out via call, email, or text - I'd love to assist you in this exciting journey towards growth and expansion. #FranchiseSuccess #BusinessGrowth #Entrepreneurship

Transcript

I'm Jack Armstrong and Friended. Question I get from a lot of people have successfully built businesses. Should I look to franchising to keep on expanding? How can I expand my business through franchising? We ask a number of questions To start with. One, is everything really fully systematized? Have you put up the models? The training? All of this been documented? Are you financially ready? Remember, franchise requires 3 years of audited statements in the disclosure document. If you're starting out, maybe you can get by with two, but people want to know your performance before they invest money with you. Have you thought about the marketing? What's the demand for your product? Yes, you've got a great reputation, lot of referrals coming to you. Word of mouth is fabulous. But how do you get a new location in another part of the country up to that same speed? How do you develop that? You have to look at this from the buyers point of view. Here's what they're expecting. They're expecting to follow your systems and processes, the training. They want to know what it's going to cost me financially and what my returns gonna be. And you're putting this all together. You're gonna have to create what's called a franchise disclosure document. This is required by the Federal Trade Commission. You need attorneys that do that and that can cost you a lot of money to get all this ready. You're gonna have to hire a lot of additional staff, support, training, marketing, franchise, recruitment, just to find the people. You have to build separate websites to get people to come and see you. Yes, many people have successfully franchised their businesses and sold them for a lot of money, and it can be done. But make sure you're asking yourself the right questions and just don't rush into it. Do the research, look at the market demand, look at the competition on a national basis. Again, I'm Jack Armstrong with Fan Net. I can help you do this evaluation. We can help you take a hard look at this and see whether you should franchise your business or not. Give me a call, We'd love to chat with you.

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Jack Armstrong

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