How Much Money Can a Franchisee Make?
Reverse engineering money in franchising.
Unfortunately this is a very difficult question to answer. Productivity and profitability is an outcome and not an automatic. It is because of this that choosing a business based solely on earnings potential is the worst way you can choose a business to own. We recommend reverse engineering your entire search process. What are your lifestyle goals? What things are you good at? What things are you not so good at or dislike doing? What kind of staff do you want? Scalability? One location vs. several? Do you want to business that you have to run the entire time of its entire life or do you want to business that you can grow hire a full-time manager and that’s enable you to go into passive engagement.
The answer to these questions has a significant impact on your earnings potential short term and long term. So “How much money can I make?” Should not be the first question you ask, instead something you should be able to clearly predict after serious research. If the concept lines up with your skills abilities interests and you can see that It can possibly help you achieve your financial lifestyle goals then buy it, but if not just keep looking.
Feel free to call Ron Sacco at 800-388-2810 ext. 402 if you have any questions about owning a franchise!
Ron@thefranchiseconsultingcompany.com
