If you are considering buying a franchise and are business minded, you may want to invest in multiple locations to grow your business even more after opening your first franchise location. Many entrepreneurs become involved with franchising because it can lead to remarkable success through expansion. The key is to find a franchise company that is solid, successful, and growing.
Some companies will require that you start with one franchise first to learn and then build from there. Once your first location is up and running and has become successful, you can then add more locations. Other companies encourage multiple units from the outset, especially for those with business management experience.
Depending on your goals and experience, you can start building slowly or you can invest more quickly in a larger number of units. If you want financial stability that can expand over time, then you would want to start with one franchise and only move on once you feel the business is stable and you have the finances to add another.
However, if you have the financial resources to invest in more units and have a proven business track record, then you can work with a franchisor that allows you to grow more quickly. These types of franchises have grown more in the last few decades because corporations have entered the space and they have the resources to buy multiple locations.
You don’t have to be a corporation to buy multiple locations though. You only need the desire to fast-track your success and have the resources to buy three or more units. If you are with the right franchise company, you can grow your business with multiple units and build a legacy.
Buying a Franchise Business with multiple units can be lucrative.
About Pigtails & Crewcuts
Founded in 2004 in Atlanta, Georgia, Pigtails & Crewcuts is a children’s hair salon franchise dedicated to making haircuts fun and stress-free for children and their parents. With nearly 50 locations across the nation, Pigtails & Crewcuts specializes in quality haircuts for boys and girls of all ages, and also hosts children’s parties. In 2010, Parents.com named Pigtails & Crewcuts one of the Top 10 Chains for Kids’ Birthday Parties. In addition, Pigtails & Crewcuts has been named to the “Franchise 500” list as a top franchise by Entrepreneur Magazine for five consecutive years. To learn more, go to pigtailsandcrewcutsfranchise.com
Michelle Holliman, Vice President of Franchise Development, 877.752.6800, MHolliman@pigtailsandcrewcuts.com