Ready to own a franchise? Moran Family of Brands can help you learn about the franchise buying process and what to expect when you join a franchise team.
Franchising allows you to skip the startup phase of business ownership by offering a concept with a proven track record and brand recognition. Many franchises come equipped with an established customer base, and franchises have a lower failure rate than independent businesses. The franchising model traditionally generates more rapid growth, employment, and reaction to economic changes, compared with independent businesses, according to the International Franchise Association. Experts predict at least 26,000 franchised small businesses will open in 2021, bringing the total number of franchises in the United States to 780,188.
The outbreak of the pandemic forced many people to reevaluate their career goals and discover new opportunities. Franchising allows people to exit the constraints of the corporate world and be their own boss with ample training and support to succeed. It also opens the doors to people searching for affordable business ownership opportunities. Nearly one-third of respondents said they would not own a business without franchising, according to a survey of 4,000 franchisees conducted by Oxford Economics.
Moran’s Discovery Process Builds Confidence
If you are ready to pursue entrepreneurship through franchising, it’s important to familiarize yourself with the franchise buying process so you know what to expect. Having a guide can streamline your journey and eliminate fears as you follow a new path.
Moran is one of the nation’s leading franchisors of general automotive repair, transmission repair, and window tint services. They franchise six different brands, including Milex Complete Auto Care, Mr. Transmission, and Turbo Tint. Moran offers a step-by-step formula to ensure potential franchisees understand the industry. Moran makes it a priority to introduce prospective franchisees to the industry, provide assistance with site selection, financing, and onboarding to get their business up and running.
“Our goal is to build a team of enthusiastic franchisees who are passionate about the auto industry and providing an essential service to the community,” said Ben Reist, Moran Family of Brands’ franchise development representative.
Information Gathering. Initially, Moran offers a “Discover Moran Virtual Brochure,” which details an overview of the company and its brands. Moran makes sure its potential franchise owners have a thorough understanding of aftermarket auto industry trends, which reveals how Moran is uniquely positioned in the market. The company also informs partners on its future plans for growth during the franchise process.
Review the Fine Print. Moran provides a detailed overview of its franchise disclosure document and answers any questions people might have about the company. They discuss startup costs, royalty fees, and location financials, including gross revenue and cost of goods sold, which are important considerations for any business owner. Moran also offers detailed information about the training and support it provides each franchise owner.
Meet With Peers. One of the benefits of franchising is having a wealth of business owners who can provide support and advice on their experiences starting their locations. During validation, prospective franchisees can take time to learn about franchise ownership from current franchisees. Existing franchisees can provide insight and describe their real-life experiences, which helps new franchisees eliminate surprises.
Discovery Day. Moran invites prospective franchise owners to visit its corporate headquarters, in person or virtually, to meet its support staff and executive team.
Learn More About Moran’s Franchise Opportunities
Signing on the dotted line does not have to be a scary proposition. Choosing a franchisor with experience will help give you the confidence you need to pursue entrepreneurship. Learn more about the franchise buying process by contacting Moran to request information and connect with a franchise business consultant.