Three Franchise Red Flags
Since you’ve gotten this far in your search for a great franchise investment, you’ve probably been reading in great detail about what to look for in a franchise, what makes one franchise better than the next and what makes a specific franchise stand out amongst its competitors. But have you considered what you DON’T want when it comes to your franchise? Today, we’re revealing three of the most common red flags when you’re considering a franchise purchase – and what to do about it.
Franchise Red Flag #1: The High Fees
Franchise fees are what they are; they aren’t going anywhere, anytime soon. However, you need to look into not only the franchise you are considering, but look at other similar companies. Are their franchise fees similar? There shouldn’t be a whole lot of disparity when you run the numbers, and if the franchise your considering has costs that are significantly higher than its competitors, you may need to reconsider.
Franchise Red Flag #2: Openings vs. Closures
It is your business to know all the details about your potential investment. What is the track record of the company you are considering? It is inevitable that some franchises may have closures, but are the closures disproportionate to the new franchise openings? And why are those locations closing? If the answers to those questions aren’t satisfactory, you should probably find a new franchise opportunity, because your location could join the others on the “closure” list if the franchise operation is already fledgling.
Franchise Red Flag #3: Whose Feeding the Beast?
A franchise can look great on paper, but you could be in for a surprise when you find out this shared secret of many compromised franchises: the numbers are so high because there is only ONE franchise location pulling most of the weight. Be sure to look at the breakdown: is each location doing well? If so, how are the profits? Is it the location, the management, or quite possibly, the fact that the company and/or franchise just isn’t a sound investment because its franchise isn’t pulling great profits? If the latter is the case, you probably need to move on to a different franchise investment.
Physical Therapy Now Franchise
Physical Therapy Now is a great franchise investment. Should you decide to join the Physical Therapy Now team, high franchise fees won’t be an issue, our openinsg are happening in record numbers with no closures, and ALL of our franchises began to profit soon after opening.
There are numerous reasons why you should choose to join our family of franchise owners at Physical Therapy Now. You’ll be alongside like-minded entrepreneurs who are supportive and enthusiastic, and our franchise team will be with you each step of the way as you build and maintain your successful, profit-producing Physical Therapy Now franchise. Call us today to learn more at (800) 481-4582.