Murphy Business Atlantic has relationships with over 300 franchises located across North America, and has extensive experience in the franchise market. Choosing the right franchise can be a daunting and time-consuming task. We will work with you to determine which franchises best match your skills and personality, and which ones you financially qualify for. Instead of spending hours researching hundreds of franchise models, we do the work for you and present a shortlist of options that we feel confident you will succeed with. Best of all, this service is offered at no cost to you.
When thinking about starting a business, many entrepreneurs will consider a franchise option at some point. However, they often have a lot of questions around the franchise process. Although there are some disadvantages to franchising, such as reduced autonomy and ongoing royalty fees, franchises also offer many advantages. These advantages include:
- Proven successful business models. You get experience, support, training, research and development, group buying power, site selection, marketing, name recognition, and much more for a relatively small investment.
- Reduced start-up risk. Let’s face it, opening a new business of any kind is risky. But with franchises, over 80% of new franchisees remain safely in business after 5 years.
- Access to capital. Some Franchisors may provide financing, and banks are often more willing to finance a proven franchise over a new business concept.
Although franchising may not be right for everyone, it is an option worth considering for any entrepreneur who is considering buying or starting a new business. If you would like to discuss franchising further, contact us for a free, no obligation consultation. We can help you find a franchise model that is right for you.