In particular, why choose a low investment franchise?
The start of a new year often witnesses the beginning of a new journey. Whether it be personal or career wise. As humans naturally look for a new endeavour. Something to bring us a new sense of purpose or lease of life. When it comes to work, January and February are the months when job adverts increase, creativity is at an all new high and we feel a reinvigorated sense of ambition.
So, why choose a franchise business in 2023? And why opt for a franchise rather than a standalone business?
It’s a simple answer based on facts. The success rates starting out as a franchise business over starting up alone are high. Last year What Franchise published that 80% of new franchise businesses are still running after their first five years. However, in comparison, a staggering 60% of new standalone businesses fail in the first three years. Choosing to become a franchise owner offers robust foundations to build from.
With the economy fluctuating amidst the fallout of the pandemic, instability in our own government and the knock-on impact of the war in Ukraine, the franchise sector as a whole is seeing a renewed sense of life for 2023. While entrepreneurs stopped to pause for thought at the back end of 2022, many who are interested in franchising are identifying their next opportunity.
Low investment franchises, such as ours, are predicted to be a king pin for 2023. Investing in a low-cost franchise opportunity is a great way to supplement retirement with a reliable source of income, offering flexible hours and a great work-life balance, as well as long-term equity.
Adam Davison comments: “The past few months have been about entrepreneurs looking for safe and resilient business models. Due diligence has been important. As with anything, uncertainty makes us wary, but there’s definitely been a shift. Low investment franchises such as Countrywide Signs mean low overheads, less financial risk and more opportunities for financial funding.”
“We’ve already noticed an increase in our own enquiry levels over the past few weeks. In fact this is echoed by well-known franchise listing website, Franchise Direct which has also reported a 12% increase in enquiry levels with an impressive 41% increase in enquiries via search engine giant, Google,” Adam adds.
“The other news is that we have now signed our first new franchisee for 2023,” Adam continues. “Franchisee training has started, and the official launch is planned for next month. An exceptional candidate, with years of sales experience, which is a key element of becoming a Property Signage Expert. The training, support and his own individual skill-sets will give him a great start in developing the business and signing new agents.”
To find out more about our NEW franchise fee and how to join Countrywide Signs, please schedule a call with Adam, our Business Development and Recruitment Manager or get in touch via our contact form.