When most people think of purchasing their own franchise, their thoughts immediately go to the restaurant industry. This is understandable, as some of the biggest players in the franchise business are restaurants- McDonald’s, Taco Bell, Dunkin’ Donuts, the list goes on.
What many people don’t consider are the costs associated with owning a restaurant franchise and therefore don’t recognize how a service franchise like Footprints Floors can provide them with a better opportunity for a better life.
The Cost of Owning a Restaurant Franchise
According to Business Insider, a prospective franchise owner needs at least $750,000 in liquid capital in order to open a McDonald’s or Taco Bell, and those are on the lower end of the spectrum.
To open a KFC, a net worth of at least $1.5 million dollars is necessary.
In addition to these huge investment costs, the royalties and advertising fees of popular restaurant franchises are usually over 10% of monthly revenue – a huge hit to store profits. The zoning and code compliance laws also pose a problem to new Franchise Owners, as it can be very time-consuming to obtain all the necessary permits.
Considering all of these hindrances, some Franchise Owners look for alternative industries to get involved in, and many settle on the service industry.
Why Get Involved in the Service Industry?
The service industry functions much differently than the restaurant industry in terms of franchising. Here at Footprints Floors, it is much easier to own your own business.
Our required liquid capital is only 75,000 which is over ten times less than an average McDonald’s. This opens up the opportunity to many more people to become a Franchise Owner. Our model also offers quick returns, with most Franchise Owners recouping their investment with 3 to 6 months!
In addition, we only charge a 5.5% royalty fee, so YOUR business keeps almost all of the profits. Footprints Floors has outstanding economics, with a 738% sales to investment ratio. So, next time you’re considering opening a franchise, consider a service franchise opportunity like Footprints Floors for your business venture!
For more information on how you can bring a Footprints Floors to your community, fill out the below form or CLICK HERE to get started!