Discovery Point Blog
Why the Best Franchise to Own is a Resale Location
As you look over your options for becoming a business owner, you may wonder whether it’s best to purchase an existing business or invest in a franchise. When you purchase a resale franchise location, you can gain the benefits of both options. This is why many believe the best franchise to own is a franchise resale.
In the world of franchising, “resale” specifically refers to the sale of a franchise location that is already in existence. The unit could be up for sale because the current owner is looking to retire, wants to invest their profits in another business concept, or has found that the industry isn’t the right fit for their lifestyle. Taking advantage of a resale opportunity offers a number of advantages for entrepreneurs who are ready to utilize their drive and personal motivation to breathe life into an existing business.
How the Benefits of Resale Franchises Make These the Best Franchises to Own
At Discovery Point, we’ve seen firsthand why some consider resale franchises to be some of the best franchises to own. Our resale locations offer a number of distinct benefits over opening a franchise in a new location. Plus, many of our existing franchisees took ownership of their center as a resale opportunity.
Below, we’ve listed just a few of the reasons why you may want to look into buying one of our resale franchise locations.
1. You’ll benefit from a built-in local customer base.
Establishing a customer base is one of the hardest parts of opening a new business, and some businesses never get past this hurdle. However, this challenge doesn’t apply to many of our resale franchises.
It’s not uncommon for Discovery Point resale locations to be operating with an established enrollment list as well as having an existing waiting list of clients. Having a built-in client base – one that has a list of people ready to commit to your location – means you can skip past one of the more common pitfalls of business ownership and head straight towards success.
2. You’ll be equipped with knowledgeable and experienced staff.
Hiring and training staff can be a hassle when you’re juggling the various responsibilities associated with opening a business. Yet without a strong team supporting you, your business can’t succeed. Purchasing a resale can give you peace of mind in knowing that all the trained and experienced staff members you need are already in place and ready to continue with their existing roles and responsibilities.
3. You’ll have an existing revenue stream, plus a verifiable business history.
Starting a business from scratch requires a start-up period during which you’re unlikely to see any earnings. Rather than sacrificing time you could otherwise be turning a profit, you can purchase an existing franchise location with an established revenue stream.
In addition to minimizing the risk associated with your business venture and enabling profits from the get-go, you’ll also have the chance to gain insight into the financial history of the business so you know what to expect going forward.
4. You can live the dream of business ownership sooner rather than later.
Even with a franchise package that includes everything you need to get started, you still have to wait through a build-out phase before finally having the opportunity to actually run your business and open your doors to the public.
This build-out phase includes time for site selection, center construction, licensing, and teacher training. If you’d prefer to get to work right away, you may find that a resale location is the best franchise to own for your specific situation. Instead of waiting for your building and your business to be constructed, you can start living your dream of operating a fully functional child care center.
5. You can bring new energy to a business that hasn’t yet reached its full potential.
If you have a passion for making a difference in the lives of children and can’t wait to help families in your local community by offering excellent child care services, you can direct this energy towards revitalizing an existing franchise location. As a new owner, you may see opportunities in places the previous owner overlooked. By applying your personal skill set and leveraging your passion, you can transform an underperforming center into a prime example of success.
If you’re looking for the best franchise to own in the child care industry, consider the resale franchise options available from Discovery Point! Contact our team today at 770-623-1140 to learn more about franchising opportunities in your area.