Franchise Business Opportunities for Entrepreneurs
Franchise business opportunities abound for entrepreneurs who seek to own a business, or diversify their current business holdings. In fact, according to Statitsa, there were an estimated 745,290 franchise establishments operating in the U.S. in 2017 (up from 2016). And, in a Franchise Business Economy Outlook report conducted for IFA, franchised businesses will continue to rise approximately 1.9% each year, well into 2020. Recent tax reforms, profitability, and growth within the sector have all contributed to the success of such business opportunities. But, is owning a franchise business the right choice for you?
Should you own a Franchise Business?
Owning a franchise business is a very personal and multi-faceted decision that requires a lot of thought and soul-searching. Franchise business ownership requires research and self-reflection in order to evaluate both your personal skills set and align them with your goals.
To help you assess both your reason for owning a franchise business and the type of franchise business best suited to reach your goals, ask yourself these important questions:
- Why do you want to start a franchise business, or add more business opportunities to your portfolio?
- What aspect of business ownership is most appealing to you?
- Do you want to perform the work yourself, manage people, or a combination of both?
- Where do your interests reside?
Once you begin to answer these types of questions, you can begin to formulate the type of business opportunities that match your criteria. You can weigh the pros and cons related to starting a business from scratch versus looking at business opportunities with an established brand and business model.
What Makes A Franchise Business So Appealing?
Franchise business ownership is appealing for many entrepreneurs because of the established business model, support, and brand name which can help provide an easier start-up with less guesswork. Some franchisors offer a low-cost of entry and can help support you through the trials and tribulation it takes to start a franchise operation.
While the assistance and support of a franchisor can be great for first-time business owners, or entrepreneurs seeking to diversify their revenue stream, for some it could also be a hindrance. Entrepreneurs who prefer to put their own ideas to work may find some franchise business models stifle their own creative ideas.
Before You Buy a Franchise Consider these 3 Questions
- How flexible is the franchise organization?
- What level of investment is involved?
- What support does the franchise organization provide?
These types of questions and a review of the franchisor’s FDD (Franchise Disclosure Document) will provide any prospective franchisee ample facts to make an educated decision about the investment.
If after all your soul searching, research and review the franchise model validates your end goal, then a franchise business may be the path to help you grow the significant company you have always dreamed about.
Purchasing a Vanguard Cleaning Systems® janitorial franchise could help you build your own commercial janitorial operation centered on a durable business model with growth opportunity. If owning a cleaning franchise business is of interest, contact your locally owned Vanguard® Area Franchise office to learn about this viable business opportunity.
About the Vanguard Cleaning Systems® Brand
Founded in 1984, the Vanguard Cleaning Systems® organization is built upon over 2,500 independently owned and operated franchised commercial cleaning businesses, which are licensed and supported by an Area Franchise network of more than 50 independent regional offices throughout North America. Vanguard® franchised commercial cleaning businesses service over 15,000 businesses, healthcare companies, educational facilities, and non-profit organizations.
The franchise business model offers many benefits to help entrepreneurs expand their portfolio. Read how a franchise can be useful to grow your Canada service-based business.
If finding a new source for quality, sustainable accounts is a challenge, look to a Vanguard Cleaning Systems® Janitorial Franchise for help.
The information on this website is not an offer to sell, or a solicitation of an offer to buy, a Vanguard Cleaning Systems® franchise. An offer to buy a Vanguard Cleaning Systems® Franchise is made by a Franchise Disclosure Document only. This advertisement is not an offering in the State of New York. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. Vanguard Cleaning Systems® Area Franchises are available to qualified prospective area franchisees only in certain states. Vanguard Cleaning Systems, Inc. will not offer or sell an Area Franchise unless registered (or exempt) in a franchise registration state where the prospective buyer resides or where the Area Franchise will be located. The Area Franchise offer is not being directed to any of the following states, or any state, province, country or jurisdiction where Vanguard Cleaning Systems® Area Franchises are not currently registered for offer or sale, unless otherwise qualified or exempt: Hawaii, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, and Washington.
Vanguard Cleaning Systems® janitorial services franchises ("unit franchises") are available to qualified prospective unit franchisees only in certain states. Vanguard Cleaning Systems® Area Franchisors will not offer or sell a unit franchise unless registered (or exempt) in a franchise registration state where the prospective buyer resides or where the unit franchise will be located. The unit franchise offer is not being directed to any of the following states, or any state, province, country or jurisdiction where Vanguard Cleaning Systems® unit franchises are not currently registered for offer or sale, unless otherwise qualified or exempt: Hawaii, North Dakota, Rhode Island, and South Dakota.