08 Dec Advantages of Buying a Franchise
The “Great Resignation” is the term now used for millions of Americans who are quitting their jobs to either pursue better opportunities or to follow their dreams to become self-employed. If you’re considering leaving your current career to open a small business but are fearful of the unknown and wondering if you will be successful, you may want to consider buying into a franchise system. The US Bureau of Labor Statistics states that 45% of all new business will fail in the first 5 years. It is due to this that Franchising has become such an attractive means to business ownership. There are countless benefits to buying a franchise, especially when you go with a well-established one, such as Closets by Design.
Brand Recognition
When you buy a franchise, you’re buying instant name recognition. If customers have heard positive reviews of the franchise or have had good experiences at another location, they will most likely be willing to try your location before going to a competitor. For instance, Closets by Design was founded in 1982 and has been an innovator in the home organization industry since the beginning. We’ve built a loyal consumer base by offering high-quality products, outstanding value, and exceptional customer service. People across the United States and Canada know that our brand name is synonymous with customer satisfaction. When you buy a Closets by Design franchise, you’ll immediately benefit from that reputation.
Training
Are you interested in entering an industry that you’ve never worked in? As a franchisee, that’s no problem. Your franchisor will teach you everything you need to know about operating a successful business. At Closets by Design, we support our franchisees every step of the way. From helping you select a location to comprehensive training prior to your opening day to ongoing guidance once your business is established, we are always there for you. We want your business to thrive, and we’ll give you the tools you need to help that happen.
Proven Business Model
One of the biggest advantages to buying a franchise is that you’re given a proven business model. Your franchisor has already done the hard work of researching markets, finding quality vendors, figuring out how much inventory to stock, assessing costs, etc. All you have to do is follow the proven formula they give you. Closets by Design has an established marketing, sales and manufacturing model that’s been successful time after time. Our franchises are excellent cash flow businesses that yield high gross margins. Click here to listen to what our franchise owners have to say about their experience.
Access to Vendors
If you’ve been paying attention to the news recently, you know that the home improvement industry is booming, but you also know that supply chain challenges have held up delivery of many building supplies. If you start an independent business, you may have difficulty finding reliable suppliers. However, when you go with a franchise, you have instant access to vendors you can depend upon to deliver your products when you need them. Because Closets by Design has been in business for decades, we have long-standing relationships with our suppliers and can negotiate the best rates and service for our franchisees.
Marketing Support
No matter what type of business you open, you must have an effective marketing strategy. How else will customers know what you offer and where to find you? Most franchisors have spent large amounts of money to develop top-notch marketing campaigns – that’s why they have the brand recognition mentioned earlier. Closets by Design provides its franchisees with corporate-run national marketing and advertising programs that generate leads and customer awareness. In addition, we have a specialized customer relationship management system that supports daily business operations.
Learn More about Closets by Design
While there are many advantages to buying a franchise, it’s important to remember that all franchises are not created equal. Choose one with a history of success. Closets by Design has been named to Entrepreneur magazine’s prestigious Franchise 500® list nine times. For 2022, we’re ranked #206, the highest of any franchise in our category. If you’d like to learn more about Closets by Design and all the benefits we offer our franchisees, request information today. Someone from our home office will be in touch as soon as possible!