Sola Salons’ Post

#Franchises 7 Reasons to Start a Franchise for Families: Family-oriented franchises are among the most sought-after business opportunities. While some individuals are immediately drawn to supporting their families through these franchises, others may hesitate, unsure of what to anticipate. Read more. 16 Vote(s)

When you think of franchising, most people think of fast food and retail. In fact, when I give a presentation on franchising to a group, I will have them start naming franchises to me. Typically, they'll name somewhere between 6 and 12 franchises, and the common denominator is always fast food and retail. Some of the hottest options today are semi-absentee, home-based, and office-based franchises. Whether you're looking into health, fitness, child-related, or senior care services, there's something for everyone. Remember, finding the right franchise for YOU is key. If you want to learn more about franchising, feel free to reach out to Blair Nickel at FranNet at (760) 473-4342. #FranchiseOpportunity #SemiAbsenteeFranchise #DiversifyYourIncome

Here’s a little-known fact about franchises: If you run a successful franchise for three years, it could be worth three to four times what you make in a year. Franchises have a transfer option, meaning you or the franchisor can find a buyer, and the franchisor will help train them. This lets you leave with money and a valuable business, making franchising a better choice than starting a new business from scratch. #FranchiseBenefits #BusinessProfitability #AssetBuilding

Here’s a little-known fact about franchises: If you run a successful franchise for three years, it could be worth three to four times what you make in a year. Franchises have a transfer option, meaning you or the franchisor can find a buyer, and the franchisor will help train them. This lets you leave with money and a valuable business, making franchising a better choice than starting a new business from scratch. #FranchiseBenefits #BusinessProfitability #AssetBuilding

Ever wondered how some franchises keep their costs down? 🤔💰 Vendor rebates play a big role! When franchises buy in bulk, they often qualify for discounts from suppliers. These discounts are called vendor rebates, and they help keep prices competitive for customers. Some think these rebates are just extra profit for the franchisor. Nope! They're often shared with franchisees, helping everyone in the system thrive. 🌱💼 So next time you're enjoying a great deal at your favorite franchise, remember - vendor rebates are one of the secrets behind those smiles! 😊👍 Want to learn more about franchising? Let's talk! Visit our website at www.precisionfranchise and shedule a FREE consultation #FranchiseFacts #BusinessTerms #VendorRebates #KnowledgeIsPower #PrecisionFranchise

Franchise Friday Tip: Emerging franchises can be great opportunities Think about the biggest franchise brands that come to mind. The legacy brands that everyone knows. Wouldn't it be great to own one of those? Well, yes... sometimes. When franchises grow and become more well recognized that means that they are awarding more licenses. As more licenses are awarded, prime markets get taken. It's a sliding scale. On the one hand you have national brand recognition and on the other hand you have prime market availability. One of the things that I have learned in my career in franchising is that it doesn't matter how well recognized a brand is, if the territory is not good then it doesn't work. Or if it does it's a struggle. On the other hand you have brands that don't have very much national recognition, nor do they have a nationally proven model yet either. But you will be able to get prime territory because you are an early adopter of the concept. Going back to that sliding scale, in most cases it's good to be somewhere in between. Big enough where they have ironed out all the bugs in their franchise system and have other franchisees who are seeing success, but not so big that it's a struggle to find a good territory and you have to settle for something that is in a secondary or tertiary market. In this area there are millionaires made almost daily in franchising. Right concept, right territory, good financials, great executive team, right point in their franchise growth, and a strong work ethic of a franchsiee = SUCCESS! If you would like to learn more about how I can help you connect these dots, schedule a time with me here. https://lnkd.in/gdxVpyaC #franchisefriday #buyabusiness #franchising #discoverfranchises #beyourownboss #entrepreneurship #timeforachange #franchise #franchiseyourbusiness

EMERGING FRANCHISES CAN BE GREAT OPPORTUNITIES Think about the biggest franchise brands that come to mind. The legacy brands that everyone knows. Wouldn't it be great to own one of those? Well, yes... sometimes. When franchises grow and become more well recognized that means that they are awarding more licenses. As more licenses are awarded, prime markets get taken. It's a sliding scale. On the one hand you have national brand recognition and on the other hand you have prime market availability. It doesn't matter how well recognized a brand is, if the territory is not good then it doesn't work, or if it does it's a struggle. On the other hand you have brands that don't have very much national recognition, nor do they have a nationally proven model yet either. But you will be able to get prime territory because you are an early adopter of the concept. Going back to that sliding scale, in most cases it's good to be somewhere in between. Big enough where they have ironed out all the bugs in their franchise system and have other franchisees who are seeing success, but not so big that it's a struggle to find a good territory and you have to settle for something that is in a secondary or tertiary market. In this area there are millionaires made almost daily in franchising. Right concept, right territory, good financials, great executive team, right point in their franchise growth, and a strong work ethic of a franchsiee = SUCCESS! If you would like to learn more about how we can help you connect these dots, schedule a time here. https://lnkd.in/gdxVpyaC #buyabusiness #franchising #discoverfranchises #beyourownboss #entrepreneurship #timeforachange #franchise #franchiseyourbusiness

Franchise Friday Tip: Emerging franchises can be great opportunities Think about the biggest franchise brands that come to mind. The legacy brands that everyone knows. Wouldn't it be great to own one of those? Well, yes... sometimes. When franchises grow and become more well recognized that means that they are awarding more licenses. As more licenses are awarded, prime markets get taken. It's a sliding scale. On the one hand you have national brand recognition and on the other hand you have prime market availability. One of the things that I have learned in my career in franchising is that it doesn't matter how well recognized a brand is, if the territory is not good then it doesn't work. Or if it does it's a struggle. On the other hand you have brands that don't have very much national recognition, nor do they have a nationally proven model yet either. But you will be able to get prime territory because you are an early adopter of the concept. Going back to that sliding scale, in most cases it's good to be somewhere in between. Big enough where they have ironed out all the bugs in their franchise system and have other franchisees who are seeing success, but not so big that it's a struggle to find a good territory and you have to settle for something that is in a secondary or tertiary market. In this area there are millionaires made almost daily in franchising. Right concept, right territory, good financials, great executive team, right point in their franchise growth, and a strong work ethic of a franchsiee = SUCCESS! If you would like to learn more about how I can help you connect these dots, schedule a time with me here. https://lnkd.in/gdxVpyaC #franchisefriday #buyabusiness #franchising #discoverfranchises #beyourownboss #entrepreneurship #timeforachange #franchise #franchiseyourbusiness

Someone recently discouraged me from franchising Clean Spaces. I ruminated on their opinion about business’ selling franchises versus not doing what they sell. Let me use myself as an example. If I was presently selling franchises then I wouldn’t be selling residential cleaning I’d be selling franchises. Do you see what they were communicating? I understand, but the eternal optimist in me thinks Clean Spaces could be different. I know when you dive into the world of franchising that Quality Control can take a hit, but isn’t it possible for an international company to produce an incredible product or service if headquarters is led well? #francising #qualitycontrol

Exploring the Rise of Virtual and Non-Brick-and-Mortar Franchises In this episode, Terry Coker and Ray Fanning dive into the rising trend of virtual and non-brick-and-mortar franchises. Discover how the franchising landscape is evolving in response to recent shifts in work and lifestyle preferences. ➡️ The increase in service-based, non-brick-and-mortar franchises. ➡️ The definition and implications of ""virtual"" in today's franchise industry. ➡️ The growing preference for home offices and virtual workspaces. ➡️ Differences and roles between traditional brick-and-mortar and virtual models. ➡️ The importance of specialization in the non-brick-and-mortar franchise sector. https://lnkd.in/eCUQ_yu2