Finding the right franchise for you may seem like an impossible task, but there are a few strategies you can use to go about it. For starters, narrow down what you want out of a brand, what you want you want your role to be as a franchisee, how much money you want to make, and how much it is going to cost. You want to choose a profitable industry with a lot of potential for profit. People invest in a print franchise like ours because businesses are constantly in need of our services, meaning our industry always has a bright outlook.
What Do You Want Out of a Brand?
There are a lot of franchise opportunities out there that will simply give you a training manual and some other resources and send you on your way. We wanted to make sure our franchisees know everything there is to know about signage and print franchises, and what the industry looks like. Training helps franchisees open with confidence, and even after you’ve opened your doors, we offer ongoing support that assist with marketing efforts to help you stay on the right track with your franchise.
What Your Role Is as a Franchisee?
There are three kinds of franchise ownership models out there — the owner-operator, the executive, or the semi-absentee. The owner-operator franchise model means that the franchise owner plays a very involved role in their business, and is directly responsible for the day-to-day operations. This is the typical model of a print franchise because we want franchisees to be as involved as possible. If you are actively putting in your time and resources to help your business grow, you will be far more likely to actually see it succeed. In addition, you’re more likely to establish lasting relationships with your customers because they can actually put a face to the name, making them more inclined to come back to you for their other advertising needs.
How Much Money You Could Make?
There are a few ways you can figure out how much money you could make with a franchise. While it’s impossible to get a truly accurate figure, as the future of each franchise depends on its market and ownership, the best way to get a solid idea is by requesting to read the franchise disclosure document (FDD). The FDD has 23 items that explain who the franchise is, how much the franchise costs, and how much money you can expect to make. Item 19 in particular shows the average revenue of established franchises. If a brand doesn’t have Item 19 in their FDD, it could suggest that they want to keep this information private, which is a huge red flag.
How Much Does It Cost
Every franchise has different startup costs, and it’s important to take these into consideration when starting a franchise. A quality franchise investment will come with training, support, and additional tools and resources that will help you get started. It will also have a franchise fee that covers the exclusive rights to operate a franchise with the brand’s name. We break down our investment on our website, so our prospective franchisees know exactly how much it costs before reaching out.
Choosing the right print franchise is very important to finding a rewarding career. Reach out to us to find out if Signarama is a good fit for you.