Two common complaints that can be heard from business owners are:
“There aren’t enough hours in the day” and “I can’t be in two places at once.”
While you can’t clone yourself, it may be, in the most basic form, franchising may address these two issues.
By sharing a proven concept, coupled with a time tested system and wealth of experience that you have accumulated, you can create a system to multiply your profits without increasing your time and financial commitments.
A successful restaurant might provide the owner 10 to 20 percent of the gross revenue as pretax profits. So $1,000,000 in gross revenue comes to a net $150,000. How would 5% of 20 units sound? $20 million gross with $1 million pretax profits. Ok, now you do the math- 40 units, 100 units? One problem, over half of franchise concepts have 2 or fewer units. Why is it that some grow and others never get off the ground?
Corporate Financial Options, LLC can come into your business, put your financial house in order and give you a clear picture of how your individual units are doing.
Further, we will customize a financial matrix designed to plot growth and develop in an aggressive yet substantial manner.
Even better, these models are designed to be shared with your franchises, specifically your multi-unit operations and your master franchises.