Scaling Your Portfolio: The Dynamics of Multi-Unit Ownership
Scaling Your Portfolio: The Dynamics of Multi-Unit Ownership
Key Takeaways
- Becoming a multi-unit franchisee starts with an honest evaluation across four areas: capital, operational bandwidth, market and territory and financing.
- A second location has its own capital requirements and does not share the balance sheet of the first.
- Operational bandwidth is often the deciding factor.
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Franchise for Sale: New Build vs. Resale Compared
One of your first decisions is whether to build new or buy an existing location.
Each option has different timelines, costs and requirements. Understanding the difference is an important step. Here's how they compare.
What Is a New Build Location?
A new build means opening a location from the ground up. Maybe you're starting from an empty plot of land or buying/renting a building you'll renovate.
You select the site, build it out and open your doors as the first owner.
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Franchise Training and Support: What to Expect Beyond Opening Day
For many people exploring franchise ownership, the early research phase focuses heavily on upfront questions: what does it cost, what are the requirements, how does the application process work.
Those are the right questions to start with. But experienced franchise prospects know there's an equally important set of questions: What happens after the doors open?
While that question may feel obvious now, it's not always obvious when you're coming off months and maybe even years of deep franchise research.
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