Did you know that there are business owners who choose to franchise not one, but TWO OR MORE franchises? We’ve discussed a lot about the growth and appeal of the franchise market, one of the reasons it’s our mission to facilitate franchisees as well as consultants, but we’re now seeing a growing trend in multi-unit franchising.
A multi-unit franchise refers to franchisees who take on more than one of business unit of the same parent franchise. It could be like owning multiple restaurants from the same chain. This is no rare occurrence either. FranData reports that multi-unit owners manage or control 54% of American franchisees. Here are some other facts:
Of course, one of the takeaways from this phenomenon is that managing a franchise(s) can look very different for various owners. If you were to own five different locations, you would obviously not directly oversee the operations of each one. Such franchisees begin to function more as district managers once they get to that level of business complexity.
There are certain steps you would want to take to give yourself every opportunity to run a successful multifaceted franchise system.
We hope you enjoyed this quick primer into multi-unit franchises. FranSave seeks to educate, counsel, and assist prospective franchisees on the advantages of this huge trend in American business. If you want to learn more about how you can become a franchise owner, call us any time at 844-476-7776.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.