Let’s cut to the chase.
Did you know that starting a franchise during the pandemic is actually a strong business choice?
That’s right, it is!
According to Mark Siebert, CEO of the iFranchise Group, “Franchise companies better be prepared for the coming boom in franchise sales, or they are likely going to miss out on a once-in-a-lifetime opportunity.” Largely, he claims, this is attributed to certain factors in place that allows franchise sales to climb.
Those primary drivers, according to Siebert, are:
- High levels of unemployment at the top end of the salary market;
- Ready access to debt capital at historically low interest rates; and
- After more than a decade of growth since the last recession, many have access to substantial savings in the form of home equity, retirement accounts, and personal savings.
Though it is unfortunate that the pandemic has rendered many high-skilled workers to be unemployed, nevertheless they still own excellent business skills, which contribute to the ever-growing labour pool of prospective franchisees or potential employees for those prospective franchisees.
But how does this benefit you as a franchisee?
Advantages Of Franchise Ownership For Franchisees Right Now
Working with a franchise model, you can thrive under an established brand and collaborate with other franchise owners.
The benefit of franchising is that, franchise organizations have a wealth of professional experience and the expertise needed to guide and support you throughout the business venture. This includes providing training, support, franchise planning, operations and growth opportunities.
Often, franchise organizations also have the marketing support to help with the growth of your franchise too.
For example, Anytime Fitness in Hong Kong has thrived successfully despite several obstacles, including protests that happened around July 2019 to December 2019 as well as the mandated temporary closures of all gyms around March 2021 to May 2021 due to the pandemic. If you’re interested to learn more about how Anytime Fitness still performed better than expected despite these obstacles in the way, then you can contact us here so that we can explain to you in greater detail.
Being part of a franchise also means that you benefit from a supportive organization with things like:
- Training to ensure consistent business operations;
- Pre-opening support;
- Post-launch support;
- Lower risk; and
- Group advertising opportunities.
Whether you’re a seasoned business owner, or someone who’s starting out with this venture for the first time, it’s without a doubt that franchising contributes greatly to the economy due to its proven business model.
Your chances of success are much better working with a franchise than if you were to start from scratch.
In fact, becoming a franchisee might even be a really wise business choice during the pandemic.
So if you’re ready to turn your PASSION into PROFITS with Anytime Fitness, then let’s connect today so that I can walk you through the process step-by-step.