Single-Unit Franchise: Three Reasons It’s Right For You
Have you been dreaming of opening your own business? One of the best ways to get started in a successful venture is to become a single-unit franchise owner. In this arrangement, a franchisee buys one location of a franchisor’s business along with the right to use the franchisor’s brand name, business model, etc. while operating that location. Unlike the multi-unit franchise model (where a franchisee owns two or more locations and hires managers to run them), the single-unit model allows a franchisee to have much more control over the day-to-day management of their location. Single units are the most common type of franchise and offer many advantages, especially to first-time business owners. Here are three reasons it may be right for you.
One of the main reasons that new businesses fail is because their owners run out of money. That’s why it’s wise to avoid overspending when you’re first starting out in any business. Fortunately, when you partner with a reputable company, your franchisor will verify that you have the capital you need to operate your business, and they’ll train you to anticipate future expenses. An obvious way to keep your initial expenditures low is to invest in a single unit, which will naturally be less expensive than purchasing two or more units. Plus, you’ll have fewer operating expenses for a single location as compared to the costs of running multiple ones.
Opening a franchise is like starting any other business — there are risks involved. As a single-unit franchisee, you’ll get to manage the day-to-day operations of your location, so you’ll have more control over how the business is run. You’ll be in charge of hiring and firing employees, determining how much money is spent on various operations, supervising customer service, ensuring that employees are following company guidelines, managing quality control and more. You should be directly involved with employees and customers, you’ll have the ability to spot issues when they arise and stop them from becoming bigger problems.
If you’re a new business owner, being a single-unit franchisee allows you to learn the particulars of all the franchise’s systems and processes. According to Entrepreneur’s “The 10 Commandments of Franchise Ownership,” the franchise owners who are most involved in the business are usually some of the most successful. As you learn more about running your business, you may come up with ideas or methods that enhance performance at your location and for the franchisor. As your success mounts, you may decide that you’d like to expand to become a multi-unit franchise owner.
Launch Entertainment Provides Excellent Franchise Opportunities
Whether you want to start out as a single- or multi-unit franchisee, Launch Entertainment has excellent opportunities you should consider. Our service-based, high-margin business model provides customers with the kind of fun experiences that will have them coming back again and again. We’re much more than a trampoline park. With climbing walls, bowling lanes, laser tag, an arcade, Krave restaurant, Bar Hops and more, each Launch location is the perfect place for kids and adults to enjoy active entertainment in a family-friendly environment.
Contact Us Today to Learn More
Just as our trampolines help customers fly high, our corporate training team will teach you how to take your new business to incredible heights. We have multiple markets available and are positioned to expand across the United States. Fill out our contact form to get started with Launch!