A recent study conducted by a well known and respected business consulting company has found that the success rate of franchised businesses was greater than the success rate of small businesses. In fact, 91.2% of franchised businesses were still operating 2 years after they opened which was 42% higher than non-franchised small businesses!
There are numerous advantages to owning a franchise as compared to starting a small business. There is a proven business model already in place, brand awareness is already in place, and extensive training and support are offered by the franchisor. These are just a few of the many benefits to franchise ownership.
Kensington Company & Affiliates can help you decide if franchise ownership if the right dream for you to pursue. Come see us for a FREE consultation and learn all about franchise ownership!