You’ve decided you’re tired of corporate America or some other job that isn’t satisfying and you want to obtain the freedom that is only found in owning your own business. Many people in your shoes choose to buy a franchise. Often this is a good solution since franchises typically have a higher success rate than independent start-ups.
Franchises are businesses in a box. It is being in business for yourself but not necessarily by yourself. While statistics of the success rate of franchises are in dispute, there is no doubt that most franchises succeed over time. In fact, according to IFA Educational Foundation , more than 90 percent of owners renew their franchise agreements at the end of their contracts. This would indicate that franchise owners not only are successful but they are prosperous enough that they want to renew and continue in business.
When looking at businesses to purchase this makes it very compelling to purchase an existing franchise.
I think purchasing an existing franchise is genius. Yes I said it, GENUIS! Why? When you purchase an existing franchise you have a proven business model with a proven track record in a specific market. Business is not safe. When you buy and or own a business it is risky and challenging, but when you buy an existing franchise you are able to minimize the risk. You are able to have the same benefits of owning a business that you have always wanted but with lower risk. If you’re interested in buying or selling a franchise, contact Sigma for more information.