What is a Franchise Network? 🤔 Without getting too far into the weeds, it's a “family of brands” that is under the leadership of a parent company that supports and helps each brand and its franchisees to be successful.
We here at The Franchising Company live, eat, breathe, and sleep the franchise business. For others -- this is new territory and it can be a bit daunting and sometimes overwhelming. If you fall into this category, then Franchise Networks might be worth checking out. No two networks are alike. Each brings its own unique structures and support systems to its franchisees. The key is to find the “One” that provides you with the support you need to be successful, aligns with your core values, and gives you the most bang for your buck.
So what kind of support are we talking about?
Working with a network means you are not going to have to go at it alone. Support varies in size and scope from Network to Network, but here's a general overview of the types of support could expect to find:
Sales & Marketing
Call Center, Shared CRM, Referrals, and Expert Brand Building Support.
Quick Start Coordinator, Dedicated Business Coach, Business Management Software, and an Online “University”.
Peer to Peer Groups, Systemwide Franchisee Calls, and Annual Convention.
It's all provided with one purpose -- to help YOU BE SUCCESSFUL. You win. The network wins. It's a beautiful thing. 😁
Here's another big plus... One of the biggest benefits we hear from those who work with a brand within a franchise network is the connection to other franchise owners. This is huge. #trustus
Some of these groups have thousands of other owners in them. These owners and operators can provide advice, guidance and best practices of what to do...and what to avoid. Because they have been there before you.
This peer-to-peer support is extremely valuable - especially to those new to business ownership. It's just another benefit that comes with your investment.
📣 📣 📣 Calling all Empire Builders 📣 📣 📣
If you are the type of investor who wants to scale through diversification, Franchise Networks offer you the opportunity to do so. Not only scale a single brand operations, but also to scale with multiple brands under one roof. So what's the bottom line?
If having a lot of support is important to you as you move forward in your decision, then we will definitely include a franchise or two from a Franchise Network in your review. Network Brands we work with most: Neighborly is based in Waco, Texas. They started in 1981 with one brand, and have since grown to 29. TWENTY-NINE! Serving B2B or B2C, with more than 4,800 franchises in nine countries.
"Neighborly believes new franchise owners are attracted to the company's franchise opportunities because of the depth of our support services, our commitment to the company's purpose, our Code of Values, the established reputation of our leadership team, and the success of our franchise systems."
Authority Brands was founded in 2018, and has a network of over 1,000 franchise owners across the US and Canada. As a leading provider of Home Services, Authority Brands offers cutting-edge technology to their owners in regards to training, operation support and marketing. "Our vision is to continue to grow franchise brands that average over $1 million in per-unit revenue. In order to accomplish this goal, we support our franchisees to help their continued growth through elite marketing, advanced technology, and strong operational support."
If you would like to know more about any of these brands, and other networks we're here to help!