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Franchise Development
Franchise Development Center , LLC is changing the paradigm in how emerging companies are developed into successful franchises. We are taking the mystery out of franchising and making it more convenient and more economical for business to choose franchising as a growth strategy.
Our steadfast commitment to our clients, promptness, and the ability to professionally deliver on what we promise will set us apart. We truly offer a complete turn key solution to your franchising needs. From developing your new franchise to the effective implementation of sales and marketing plans, we are there every step of the way working smart towards your success.
Why Franchise?
If you are a successful business owner looking for a proven method to increase sales and expand your business then it just makes sense to Franchise.
Franchising is a business methodology by which the Franchise, the one who has developed a proven operating system to successfully market a product or service, grants the Franchise Buyer, by agreement, the right to market goods or services using the franchisor’s trademarks, good-will, know-how and operating system.
Expansion through company owned units is getting more difficult and increasingly economic factors favor franchising as the method of choice for growth. Franchising can be a rapid, low cost and effective method of expansion if it is undertaken in a professional, structured manner. Franchising is even used as an investment vehicle by pension funds, real estate consortiums, investment groups and private investors. The U.S. Department of Commerce reports that franchising,
- Produces about one Trillion dollars a year in sales.
- Accounts for more than 50% of all retail sales, while only less than 10% of business are franchised, that means more money is spent at franchise outlets
- Increases about 8% per year
- Represents about 16% of our gross national product
- Employs nearly 18 million people, that is 14% of the private sector employment and over $500 billion in payroll annually
- Includes over 800,000 businesses
A 1999 US Chamber of Commerce study found that 86% of franchises were still under the same ownership and 97% of were still in business after five years.
Compare this to a US Small Business Administration study from 1978 to 1998, which found that 62% of non-franchised businesses closed within the first six years of their existence.
In addition the initial franchise fee, the franchise receives a royalty fee for providing continuing support services during the term of the franchise agreement.
The franchise benefits as a result of combining resources with those of the Franchise Buyer. Capital is raised with minimal risk to franchise and the business is expanded. The franchisee maximizes their opportunity for success by having a proven operating system and the experience of the franchise to draw upon. Franchising truly is a win, win scenario for everyone involved.
Find out if your business is a good candidate for franchising. Please complete the Franchise Feasibility Questionnaire and one of our friendly, knowledgeable Franchise Analysts will contact you soon.
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