Why Buy a Franchise?

For more than 20 years, Declare Brands has been helping people realize their dreams of owning a business. We understand that buying a business is one of the most important decisions you will ever make and that you need as much information as possible to make an informed choice. One of the first things to consider is whether owning a franchise is right for you. To help you make that decision, please consider some of the advantages a franchise gives you as a business owner. We also encourage you to visit our individual brand sites to learn more about what each of our award-winning businesses has to offer.

Advantages of a Franchise

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Chances of Success
A franchise increases your chances of business success because you are associated with proven products and methods. You can check how successful other franchisees are before committing yourself. Franchising puts you on the road to success without the risks experienced by independent businesses.
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A Proven Formula
The business you are buying is a replica of a system of successful franchises. The kinks have already been worked out, so you now have the advantage of avoiding the initial developmental issues and going straight to operating your franchise. You also receive training and support that incorporates proven techniques and best practices so you can achieve faster success. Having access to the franchisor’s experienced support staff will also help keep you on track and reduce costly mistakes.
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Brand Awareness
You have the advantage of brand awareness. When you buy into an established national or international brand, you are enjoying the automatic name recognition that comes with being associated with a large and familiar company. Your franchise business provides a proven customer experience which already enjoys widespread acceptance. This kind of customer awareness ordinarily takes years to establish.
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Independent, But Not Alone
Whether you’re sick of being told what to do as an employee, you’ve been downsized, are tired of making others wealthy, or you want to provide your family with greater financial security, it’s nice to be independent. A franchise is a great stepping stone. As a franchise owner you can be your own boss and gain independence, but have the support of a larger organization. You also have access to a network of business owners who have been through the exact same experience. Networking and support from other owners is a priceless resource in business ownership.
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Ongoing Development
The Franchisor conducts ongoing product development. This is essential since a vital factor in the long-term success of any business is its ability to develop products to meet future needs. Ongoing product development enables the business to adapt as the demands of the market change, and to expand by adding to its range of products and services. Few individual business owners are able to free themselves from the day-to-day running of their business in order to give sufficient attention to product development.
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Financial Support
If you’re seeking financial support to buy or grow a business, banks and other financial institutions are more likely to lend to you if the business is part of a well-structured and successful franchise system. Many franchisors have established relationships with lending institutions and some provide financing. And, when you decide to sell your business, a franchise will often fetch a higher price than an independent business. You and the buyer should significantly benefit from the experience, knowledge and support of the franchisor both before and after the sale. Independent businesses are on their own.