Are you an investor with successful business experience and funds to invest? Are you ready to find the best franchise business opportunities? We have a few tips that might help you find the right franchise opportunity for you.
Start by identifying your expectations for the business. Be specific about what you want to accomplish. What is your income target? What return on investment do you require? Are you going to be involved in the day-to-day operations or have managers? How many locations do you want to have?
Investing in a franchise business is a long-term commitment, so another key factor to consider is how long you want to tie up your funds to get the return that you want. If there is an endgame, define what that is.
Starting fast can help you reach your goals more quickly. Look for growing industries that have fragmented competition. Find companies that allow you to buy multiple locations over a short period of time. These are indications of outstanding opportunities.
Other factors to consider are companies with strong leadership teams, national brands and turn-key business operations systems. Plus, you should be able to leverage your business experience to grow the business even faster.
Research each company’s required qualifications for investors. These can vary widely between franchise businesses. Be sure to sure to review the Franchise Disclosure Document (required by the FTC) for each company. This will outline the financial details including potential returns.
Another option is to hire a franchise advisor, who can sort out the opportunities and find those that match your goals. If you do this, be sure to hire a lawyer experienced in franchise law to watch out for your interests.
The International Franchise Association is a useful resource along with other online franchise associations and organizations. Be sure you work with legitimate sources to avoid scams and misleading companies.
Investors can grow wealth with the best franchise business opportunities.
Meet your long term financial goals with the best franchise opportunities. Contact us today to find out more about franchising for investors.
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