Owning a business has its challenges and rewards. When comparing opening a business on your own or joining a franchise brand, it’s easy to see the benefits of owning a franchise business.
While there are pros and cons to owning a franchise business, the odds of success are most certainly in your favor compared to starting a business from scratch. Here, we give you a realistic perspective on the benefits of being a franchise owner. We’ll also look at how choosing to become a part of the Murphy franchise group could be the answer to your dreams.
Owning a Franchise Business is Often a Less Costly Startup Option
It takes a lot of money to get a new business off the ground. The expenses pile up fast. Taking a business from “square one” to up-and-running means investing a lot of money into the venture all at once. Common startup expenses can include:
- Renting office space
- Assembling equipment and supplies
- Obtaining all the necessary business licenses
- Marketing and advertising costs
- Hiring employees
On the other hand, owning a franchise business gives you a jump-start to getting owning a business. The franchisor’s team can help you with funding, navigating common legal concerns, and more.
The franchisor may also give you access to other essentials that you may have not even considered. For instance, you may have access to specially developed computer applications for managing accounting or daily operations. The franchise company may also have marketing and advertising campaigns in place to help you gain new clients or track your sales activities. Owning a franchise business could save you a lot of money in both the short and long term.
Owning a Franchise Business Generally Comes with Training
Maybe you have an interest in starting a business in an industry with which you have no actual experience. After mulling over the idea, you either give up on your dream or decide to wait to pursue your passion until after you have hands-on expertise. Owning a Murphy Business franchise has no such barriers!
Most franchisors offer intensive training to help you understand the business, current market factors, and the way the franchise operates. The training you receive is designed to bring your skills and knowledge to the professional level fast.
A Franchise Business Gives You Instant Name Recognition
You may be proud to open a business with your name on the marquee, but it will take awhile before your name catches on and starts reeling in customers. Owning one of our franchise businesses gives you a brand name that others have heard of before, whether through the news, paid ads, social media, or word of mouth. The established reputation of a franchise brand will give you a leg up on the competition, too.
Owning a Murphy Business Franchise
When you choose Murphy Business, you are joining a franchise with years of experience. We have a successful business model in place and are ready to share our professional experience with you! We’ll help you become fully competent in owning a Murphy Business franchise. All of our systems have been refined over the years to make it easy for you to build your clientele and achieve your highest earning potential.
As a leading business brokerage in the US and Canada, we can help you achieve your dreams. Find out more about owning a franchise business with Murphy Business by calling (727) 725-7090 today or complete the form to the right.
*The franchising information contained in this article is not intended as an offer to sell a franchise or the solicitation of an offer to buy a franchise. An offer can only be made by a prospectus, which in certain cases, must first be filed with the applicable state regulatory agency. Such filing does not constitute approval by the respective state regulatory agency. Earnings information is provided in summary form. Details are in Item 19 of our Franchise Disclosure Document. You should conduct due diligence and review the Franchise Disclosure Document carefully regarding the franchise offering.