Investing in a franchise can be a valuable financial venture as well as a calculated career move. By working with an established brand, franchisees have the benefit of business operations that are already in place and practices that have already proven successful. At the same time, owners can be their own boss and hone their business sense by having control over their own corner of the brand.
Season of Success
The many franchises that are currently thriving bode well for those interested in trying their hand at a new industry. As with any business, trends reflect the growing interest of consumers. It’s no surprise that many of the most popular franchises of the year include those in specialty food, health and medicine, and home improvement industries. With the gradual incline of the economy, people are enjoying a bit more of gourmet eating, a renewed focus on their wellbeing, and the occasional remodel or spruce up.
That’s not the only effect the economy has had on franchising. According to Franchise Times, an improved economy has done wonders for franchise growth. In recent years, franchises have shown an ability to grow sales even when not adding locations, despite the difficult times. Last year, franchises showed a significant increase in both units and sales, indicating better and better opportunities for current and future additions into the market.
Advance Funds Network has a vast array of experience in working with many different kinds of businesses, and franchises have always been our most successful partners. As companies who are under an already proven banner of success, franchise owners still have a lot of potential to grow and improve upon their interaction with an already strong brand. These opportunities for development often lack access to funds, which make AFN’s ability to provide unsecured small business loans an excellent fit.
These funds can be allocated to:
- Improve upon core training of employees
- Get involved in your community by sponsoring groups or volunteering
- Increase local marketing
- Upgrade equipment
- Add services
Because franchises exist in almost every industry, the expectations and particulars change across each field. AFN works closely with franchisees to secure the right type of funding for every company’s particular needs. Our customized financing plans are designed to fit your business and the specifics of the project at hand, whatever industry your franchising adventure has taken you.