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Master Franchising - The Ultimate Business!
By Andrew Adama How to Use a Little-Known Business System as Your Best Vehiclefor Business Success... The Best Kept Secret in Business
Today...
For the Right Person! Eight years ago we stumbled over a unique business system thathas brought unbelievable success to it's owners. Although veryrare, those that were using it were not only experiencing a highsuccess rate but also a very high level of earnings. We found that there is very little detailed information aboutthis type of business. Out of tens of thousands of businessbooks there has only been one book written about this type ofbusiness, to our knowledge, and it is very hard to lay yourhands on. No accurate database exists, that we have been able tofind, which list these opportunities. This system is one of thebest-kept secrets in business ownership today. It allows thebusiness owner to develop a large business within a relativelyshort period time, yet has an extremely high success rate. Recent surveys show that these owners experience yearly incomesof $150,000 to $1,000,000 or more a year. They build anincreased net worth or equity in these businesses of $500,000 to$10,000,000 or more, much quicker in comparison to otherbusinesses. What is this Concept? Imagine coming up with the idea of a new franchise concept thatexplodes in your area with dozens of new units opening up.Imagine having control of this concept and receiving royaltiesand franchisee fees on a consistent basis. Imagine having anidea like McDonald's and having people line up at your door tobuy your opportunity. Imagine having access to the best businessexperts to help guide you in your new venture to build yourorganization to last. This opportunity is extremely rare, yetthere are such businesses available if you know where to look. This unusual, highly successful opportunity is called MASTERFRANCHISING. With master franchising you get all of the benefits mentioned above but without the expense of having to develop theconcept from scratch. You get control of the successfulfranchise system in a specific geographic area, a proven trackrecord that works, the brand name and even a partner in the formof a corporate office and other master franchisees to give youvaluable support, latest innovations and business expertise whenyou need it. As a master or regional franchisee your ways of generatingincome are expanded over that of a normal franchise. With anormal franchise you are generally offering the product ofservice directly to the end use customer such as in a retailstore. With a master franchise, you can generate income throughyour own stores, if you wish, with a significantly reducedroyalty and franchise fee. In addition you can generate salesthrough: * Franchise Fees- When you sell a franchise, you receive a franchise fee. Most franchise fees are between $20,000 to$30,000 and in a typical master franchise program, you keep mostof the fee! * Ongoing Royalties- This is the ultimate income source. Once you help set up the franchises, you receive royalty income orannuity type income for the rest of the life of thosefranchises. Imagine receiving 2% to 5% of your franchisee'svolume every month. * Products or additional services- Often products or additional services needed by the franchisee's outlet can bring excellentadditional income. * Real Estate- If real estate is involved with the franchisee's location, often the master franchisee can become involved in thedevelopment of sites and receive other types of real estaterelated income. A Very Prestigious Business The prestige of owning a master franchise and controlling anentire area can give you great satisfaction. Your main job willbe to act as a business consultant to your franchisees and helpthem succeed in their own business. You will be associated withthe elite brand name of the franchise as the main developer ofan area even though it will be your franchisees investing theirmoney. Improved Quality of Life Master franchisees own and enjoy a quality of life business.Here are some key characteristics about the typical masterfranchise: * Very few customers. Your customers are your franchisees. You help support a small number of franchisees who typically ownseveral franchise units each. * Very few employees. Typically you will operate a master franchise by yourself and then expand to have an administrativeassistant, a trainer or other support person and a franchisesales person. As your master franchise grows larger you may needto add more staff, perhaps a general manager to run theoperation so you may back away almost completely, if desired. Wehave found that many master franchisees, after having worked forthree to seven years, can semi-retire and live off of anextremely good income and spend one or two days a month in theoffice. * Very little office space. Many master franchises can be started out of a home office. Once you have enough franchises inplace then you can expand to an outside office. * You build equity in the business at a much faster rate than anormal business. Once you sell a few franchises or open your own stores, you increase the value of your business significantly.Not only do you have an existing business with cash flow, youhave additional franchise opportunities to sell which gives themaster franchise a higher value. Typically a master franchisewill make four to nine times the earnings rather than thetypical 1.8 to 2.8 times the earnings of a normal business. * Low overhead. You don't have to jump into the business with a large office, staff and other overhead expenses. You can expandas you go. * You have the option of setting up your own franchises atreduced rates. As you open your own outlets you create another asset of value. You now have your master franchise with aspecific value and also your own franchise with its value. Asthe value of your franchise increases, it increases the value ofyour master franchise. They are separate assets that you maysell when you would like. * You own an exclusive territory. Only you and your designated franchisees will be allowed to develop franchises in your area. * More freedoms exist in a master franchise than a normalfranchise. You help set the standards of the franchise in your area. * You stay up to date on the latest technology. Being part of a larger franchise system allows the best ideas to flow into thecorporate office and then into the field. You'll have your ownresearch and development department built right in. * You don't need experience in the specific industry. You will receive industry specific training and support from thecorporate office in the beginning and ongoing. * It can be started part-time and then you may move to full-timeas required by the business you bring on. * Best of all- it is a franchise! Franchises as a whole enjoy a 92% success rate. Master franchises typically have an evenbetter success rate than the normal franchise. All you need todo is find the right master franchise for you. Mater Franchisingor regional development franchises, as they are sometimescalled, are the best-kept secret in business today... for theright person. ----------------------------- About the author:Andrew Adams writes for http://www.magfranchise.orgwhere you can find out more about franchising and othertopics.
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