Making the decision to be your own boss is a big one…
And deciding whether to buy an existing business, or invest in a franchise can make the choice even more complex. We’ve put together five of the best benefits and reasons to buy a franchise, to help you see if it’s right for you…
1. It’s a growing sector
Franchising in Australia is amongst the most dynamic and progressive business sectors in the economy. It is a recognised and reputable way of doing business in Australia. Franchise systems are present in most Industry sectors, and the economic impact of franchising is substantial and growing.
Last studies from Franchise Council of Australia Limited (FCA) showed that we are talking about a $146 billion franchise sector in Australia.
> What do our Franchise Partners say about working at Oporto
2. You’re not alone
Starting a business can be intimidating. But when you decide to become a franchisee you are deciding to join a network always ready to support you. Not only from the Franchisor but also you will be able to tap into the knowledge of other franchisees. Because your success is also the success of the franchise, you’re surrounded by a support system from the moment you start.
Also, a great benefit of joining an established brand is the training program. You’ll be fully inducted, learning everything from the key policies, and budgeting, to on-the-job training, such as how to make the perfect coffee in your café. This preparation helps set you up for success, and ensures you’re running your business efficiently – avoiding the mistakes many new business owners face.
>> Click here to know more about how Craveable Brands (owner and operator of Oporto) supports franchise partners
3. You’re buying a proven formula
Therefore, you are straightaway minimising risk! When you buy into a franchise, you buy a proven system. The franchisor has already worked out the drawbacks and created a solid foundation that can easily be rolled out. Everything from restaurant operations, supply chain, franchising, IT, marketing, store design and construction, food innovation, and customer satisfaction will be ready for you to get started.
4. You can still be your own boss
Being a franchisee is different to starting your own company, or purchasing an existing small business – but that doesn’t mean you don’t call the shots. You manage the schedule, and you run the show – but just understand that there is a pecking order. If you follow the formula and systems of the franchise, your odds of success increase.
5. Brand power
Having a strong name attached to your products and services will help you get your business off the ground. What could be better than starting a business with a brand that customers already recognise, trust and love? Joining a reputable franchise that has already established a strong corporate image means you’re starting with a customer base that’s already familiar with your business, and benefiting from the knowledge and experience of a successful brand.
OPORTO FRANCHISING OPPORTUNITIES AVAILABLE
Find out more about our current franchising opportunities and
become a successful Oporto store owner:
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