October 1, 2022
If you’re a franchisee or interested in becoming one, we understand that your number-one goal is to be profitable. We also know that at some point, you’ll want more growth and profit. So without further ado, here are three ways to get exactly what you want.
If your new business venture is going well and you’re making sales, then that’s excellent news! But eventually you’ll start receiving more orders than usual. What do you do then?
You have two options: find a different, larger commercial space to lease or expand your current one. Hopefully, you planned ahead by leasing a space with expansion capabilities so that won’t be an issue. If not, no worries; the opportunity to take your franchise up a notch is still available.
On the contrary, if you have to find a new space (which means physically moving and set up your shop elsewhere), delays will soon begin adding up. So, the profits you were expecting to bring in won’t be coming as quickly as you had wanted.
Clearly, adding more franchise units and becoming a multi-unit franchise owner is an excellent way to increase profits (that has been proven time and time again). However, you typically need to plan in advance if you want this to become a reality. If you don’t go through the proper channels for future planning, there is another method you can utilize. You can sign a multi-unit franchise agreement from the get-go.
Franchising can be costly, but if done correctly—like finding desirable locations and cutting costs—it could lead to significant monetary benefits further down the road. Owning multiple franchise units is an excellent way to improve your business model.
The person representing your business should be amicable, talkative, and zealous. If you feel like that someone could be you, then go for it! If you’re more of an introvert, you may need to hire a business development person.
This is someone you can share your story with, and a person who can then share it enthusiastically with others in your community. Doing it right the first time around will save you a lot of headache later on. And if it’s done well, people would want to come back and visit again. That results in more revenue for your business as well as higher profits.
UNITS® Moving & Portable Storage is offering lucrative franchise opportunities across the country. Start your evaluation today and join the UNITS® family!