With a Master Franchise, you own an exclusive territory which allows you to receive franchise fees from the franchises sold and then receive ongoing royalties or residual income and perhaps overrides on product sales.
This can be a low overhead business with very few employees needed and yet can be built to where the Master Franchise is worth millions of dollars.
What is the Concept?
Imagine coming up with the idea of a new franchise concept that explodes in your area with dozens of new units opening up. Imagine having control of this concept and receiving royalties and franchise fees on a consistent basis. Imagine having access to the best business experts to help guide you in your new venture to build your organization to last. This opportunity is extremely rare, yet there are such businesses available if you know where to look. This unusual highly successful opportunity is called master franchising. With master franchising you get all the benefits mentioned above but without the expense of having to develop the concept from scratch. You get control of the successful franchise system in a specific geographic area, a proven track record that works, the brand name and even a partner in the form of a corporate office and other master franchisees to give you the valuable support, latest innovations and businesses expertise when you need it.
Why is Franchising so Powerful?
Franchising as a whole has a 92% success rate for business owners. For franchisees who own multiple units, the rate goes up to 97%. Increased market share equals increased profits and franchising is the best way to gain market share. Right now, retail franchise business represent only 8.3% of the businesses on the street. However, the sales from those franchises represent 40.9% of the total retail sales in the United States. Franchising is the best vehicle for capturing market share. One of the best ways to increase profits is to increase market share. The typical franchise, when compared to an unaffiliated business, is more profitable.
As a result of their extensive surveys, the International Franchise Association Tells us that:
- 93% of the franchisees say that a franchise gives them an advantage.
- 88% recommend a franchise over a non-franchised business.
- 83% are happy with their franchise.
- 65% would purchase the same franchise over again.
- The average yearly net income for a franchisee is $91,630.
- The average net income for a single unit franchise is $76,000
- The average net income for a multi-unit franchise is $142,000!
For more information about franchising you can contact Sean Murray at 317.919.3351 or e-mail at sean.murray@conor-patrick.com.