Several factors may motivate you to start your own business. Perhaps you are tired of working for others and are now ready to run your own business. Or you may be looking for a job that allows you to work from home to balance your professional and personal life better. Whatever the reason for your desire to start your own business, the most critical question is whether you want to go into business for yourself or look for franchise opportunities that are best for you.
Building a business from the ground up is appealing, but buying a franchise is the safest, least expensive, and most successful alternative. Learning more about American Freight Inc‘s benefits will give you better insight into their franchising opportunity. Here’s what you need to know.
A Brief History Of American freight
After a profitable first year in the franchising market, American Freight Mattress, Appliance, and Mattress continue to see steady demand from potential franchisees looking for an easy-to-build, quick-to-open, and massively scalable investment option. The company has just stated that it will open 17 additional franchise locations nationwide in 2021.
The company has been in business for at least 25 years. Still, they keep growing and adding new stores throughout the United States. The high level of technical expertise and nationwide presence brings several advantages that attract applicants, including solid buying power, prepackaged procedures, and economies of scale. Below are some reasons why you should become an American Freight franchisee.
1. Solid Unitary Economy
Note that the top twenty-five percent of stores have an average annual gross revenue of $4,734,945 and an annual net profit of $855,857 per location. In other words, American Freight’s remarkable profitability is attractive to both single and multi-unit investors. It’s especially true when considering the minimal oversight required for the daily operations of the stores.
2. 360 Plus Retail Purchasing Power
Having a large community behind you means power. American Freight’s nationwide presence is more than 360 plus strong, which means buying power is much stronger. In addition, the retailer’s buying capabilities and established network of reliable connections within the supply chain are explicitly beneficial to franchisees.
3, Stable And Aspiring Brand
Consumers need to sleep, sit or eat; this has been a critical factor in the growth of American Freight. Despite economic challenges, the company has steadily expanded its presence across the country for more than 25 years. Even after more than twenty years of retail experience, the nationwide retail chain has identified over four hundred additional market segments across the country as suitable for further expansion.
4. Earn On Franchise Commodity
When you purchase an American Freight franchise, most of your upfront investment goes toward building an inventory. That, in turn, generates revenue for your business. These stores are similar to miniature warehouses. Ideally, they have mainly no-frills inventory, meaning the franchisee incurs minimal startup costs and saves money for other vital business areas.
5. Helpdesk For Information Technology
While you take care of your customers during the day, the franchise handles technical issues, including payment systems. Back-office operations in most businesses become more efficient with rapid integration, point-of-sale solutions (POS), and technical support.
Franchisors provide national advertising campaigns to their franchisees to strengthen and maintain their image. The money received from franchisees is divided equally among them to cover the cost of advertising.
7. Easy Financing Alternatives
Financial institutions that offer credit solutions have a good impression of franchisors with long business experience. Credit risk is significantly minimized when borrowers are part of a proven business strategy; credit risk is minimized substantially. As a result, a lender will most likely accept business loans.
Whenever you want to sell a franchise, you’ll have a brand that is identifiable to potential buyers in the market. Because your franchisor is interested in your franchise’s buyer, they can assist you in finding a competent and committed successor.
9. Increased Goal Fulfillment
Franchising is an investment that has proven profitable to date – unlike one in five new businesses that fail within their first year of operation. As a potential new franchisee, a proven operating concept puts you ahead of other business models in all the critical factors.
Far from that, even when entrepreneurs have the opportunity to open new locations, they face numerous difficulties, including an unknown brand, high product costs, and advertising expenses. In business models based on franchising, the decision to open a second location comes with all the benefits that the first location already enjoys.
When people with an entrepreneurial spirit want to start their own business, franchising is often the ideal option. Numerous advantages come along with joining a franchise. It is considerably simpler to replicate a profitable and popular brand than to build from zero and create something entirely new.