Franchising is one of the most popular business models in the country. With so many multi-unit franchise opportunities to choose from, you might feel overwhelmed and unsure of how to go about securing your multi-unit investment. Multi-unit franchising is one of the best ways to take advantage of an existing brand name.
When you invest in more than one franchise unit, you can leverage many advantages you wouldn’t be able to otherwise. For example, multi-unit franchising is typically associated with reduced financial risk, greater return on investment, and increased operational efficiency.
You may already be familiar with these benefits and are wondering how to choose the best opportunity for you. Shipley Do-Nuts has you covered; here are three strategies for multi-unit franchise success.
Partner with the Right Multi-Unit Donut Franchise
Did you know that over 750,000 franchise establishments are currently operating in the US? With an impressive number of franchise opportunities to choose from, it’s vital that you carefully assess all of your different options. Not all franchise opportunities are made equal; some have more benefits than others.
Here are some key questions to ask yourself when evaluating your options:
- Do I fit the bill? On your prospective franchisor’s website, they should indicate the type of candidates they are looking for.
- Do they offer franchise training and ongoing support? You need to be sure that you will be fully equipped to open and operate your new business.
- Are they looking to expand in my home state? Your prospective franchisor’s website should provide you with a map of territories that they have marked as favorable for expansion.
- How much does the investment cost? Any good franchisor will be transparent about their investment costs on their website or elsewhere.
Pick the Right Multi-Unit Franchising Locations
Location is everything when it comes to opening a new business. It can make or break the success of your franchise, which is why choosing the best spots in the best markets is one of the most important strategies when it comes to multi-unit franchising. Any good franchisor will start by providing you with site selection and real estate support, and Shipley is no exception.
At Shipley Do-Nuts, we provide our franchise partners with support throughout the franchise development process and more. When developing a site development plan, deciding the right location for your new donut shop franchises is critical. That’s why we provide invaluable resources you’ll find in our experienced franchise development team and real estate brokers.
Choose Your Industry Wisely
You might be an investor with a specific industry in mind for your investment, or perhaps you haven’t yet made a concrete decision. Nevertheless, investing in the right sector is crucial.
When you join the Shipley Do-Nuts family to open a quick-service restaurant (QSR) franchise, you’ll be capitalizing on an industry that’s been a favorite of consumers for generations.
The QSR industry includes brands specializing in all sorts of menu items, including baked goods like ours, and because we’ve been a favorite for so long, we have deep industry knowledge that we make sure to pass on to all our franchisees.
Are you interested in joining the Shipley Do-Nuts family of franchisees? Contact us today to learn more about our donut franchise opportunities!