Looking to Expand Your Franchise Network?
So, you’ve already expanded the single-location success of your original business to multiple locations in your town or local region. But now it’s time to cast a wider net and build a brand. Whether you’re looking to dominate your area marketplace, go national or even global, The FranBiz Group is poised to help you take that next giant step to franchise success.
The principals and founders of The FranBiz Group own and operate numerous franchised concepts themselves.
The International Franchise Association estimates that there are over 3,500 franchise systems worldwide and over 2,500 franchise systems in the United States alone. Less than 15% of those franchise systems have more than 150 units; less than 3% have more than 500 units. By virtue of the fact that you clicked on this link you, most likely, are not in that top 3%, but would like to be…and may in fact have the potential to be!It’s a well-known fact that it takes approximately 100 leads to get just one qualified prospect, resulting in a single sale. Advertising costs have sky-rocketed, and the fierce competition for prominence on the Internet has become almost as expensive. The cost to generate that single lead has become extremely costly.
Attendance at Franchise shows and, in particular, the quality of attendees at Franchise shows is down. The low rate of unemployment, fewer corporate layoffs and a stock market at record highs has resulted in fewer franchise inquiries globally. Even many of the fastest-growing franchise organizations in the world are reporting that their franchise inquiries are down considerably.
The past five years has witnessed a revolution in the development of franchise leads. Several Internet-based firms have seized the opportunity to represent literally hundreds of franchisors simultaneously.
Some of these sites are nothing more than a link to franchisors, while others claim to “counsel” buyers in selecting the appropriate franchise system by carefully determining the franchisees capabilities. These sites are quick to point out that they do not “sell” franchises, but counsel prospective franchisees for a hefty fee should a purchase be completed.
The principals of FranBiz believe that while all parties involved in these ventures have the best of intentions, realistically and practically, the individuals behind those sites cannot possibly have intimate knowledge of each franchise with whom they are associated.
FranBiz believes that knowledge is power. And as prospective franchisees are potentially making the most important investments of their lives, they deserve the most accurate and comprehensive available. For that reason, FranBiz only represents concepts in which the principals of FranBiz themselves have a financial stake. We own and operate at least one unit of every franchise concept we represent.
We feel that an invested commitment gives us as insider’s perspective on the companies and industries we represent, providing prospective franchisees with unparalleled information for making the best decisions for their futures.
Our affiliated offices are owned and managed by individuals who have no less than ten years’ experience in franchise business. We currently have offices in Tampa, Ft. Lauderdale, Atlanta, Phoenix, San Diego, Canada, Mexico and, soon to be opening, in Boston, Philadelphia, and Chicago. If you are a Franchisor that seeks to become part of that upper echelon, click this link for a free and confidential initial consult.
Complete the short questionnaire below and receive a free consultation to help you decide if the timing is right for expansion.
Current Affiliations:
