Since the start of 2020, many people across the world have begun to rethink what their professional life should look like. We are seeing increasing numbers of professionals choosing to switch careers hoping for more time for the things they enjoy, while also maintaining steady income. Multi-unit franchising is a great opportunity for entrepreneurs who are looking for a scalable business model and a great work-life balance. Pigtails & Crewcuts Franchise is proud to provide that opportunity. We are currently seeking qualified professionals across the country who desire a change and are ready to be their own boss. The Pigtails & Crewcuts business model lends itself to semi-absentee ownership that offers scalable income at a low start-up cost, and great opportunity for future success.
The concept of multi-unit franchising is when one person purchases the rights to own and operate more than one unit and there are many benefits to this type of ownership within a franchise organization. Franchise Guardian states that “the primary benefit of multi-unit franchising is that the more businesses you own, the more potential there is for more customers, higher sales, and generating a high profit.” In many cases, this allows for a higher success rate as business owners bring in multiple streams of income from each of their stores. Multi-unit operators are able to step back from the day-to-day operations of their stores and handle more of the logistics to their individual operations. It requires strong managerial skills, understanding data and financials, and the ability to work with the franchisor to develop each unit in a timely manner.
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Quote – https://franchiseguardian.com/franchising/benefits-and-challenges-of-multi-unit-franchising/