Expansion Opportunities
When looking at franchise opportunities understanding what expansion plans a franchise group has will help you determine whether it fits within your long term ambitions. You may have worked your way up the corporate ladder, so now you should think about your choice of franchise in the same way you would think of your career and consider growth strategies for the business. Does the system you are looking at offer multi-unit growth options? Will they help you source capital to expand?
What programs does the franchise group offer to help you develop multi-unit ownership skills?
The expansion category indicates whether franchisees feel that their franchise company provides good opportunities for expansion and continuity of their business.
The expansion component looks at whether the franchise company actively supports and caters for multi-unit ownership by helping you to source capital to expand.
The business continuity component considers the steps involved in renewing a franchise agreement. For franchisees, this means that they have the security of knowing that they will be continuing in their business for another term and can make medium to long term plans for expansion of their business.
Our congratulations go to all the franchisors that made the top 10 in the Opportunities for Expansion category for franchise opportunities and particularly to the top 3 of Smartline Personal Mortgage Advisers, SIGNWAVE and Mortgage Choice.
#1 Congratulations Smartline Personal Mortgage Advisers franchise
With over 200 franchisees the traditional product Smartline Personal Mortgage Advisers has offered to its customers has been home loans and mortgage insurance. Smartline have recently announced a major accreditation with an insurance company which has added new products to their model to include life insurance and other personal risk insurance. This has given franchisees a new income stream and the confidence that they will organically have more cash coming in order to expand their businesses’.
To find out more about Smartline franchise opportunities click here to read into the details of what makes Smarltine a franchise with great opportunities for expansion
#2 Congratulations Signwave franchise
Signwave is an internationally established franchising organization, who is just starting to press forward with a new wave of expansion in Australia. With just 19 outlets on the ground it leaves a number of great geographical areas for existing franchisees to expand into that are close to their territory. Owning and operating multiple franchise units takes a different skills set to being successful than in one location. The Signwave support team recognise this and perform very well in providing tailored support for multi-unit owners, who have a different set of issues to examine in their business planning process.
To find out more about Signwave franchise opportunities click here to read into the details of what makes Signwave a franchise with great opportunities for expansion
#3 Congratulations Mortgage Choice franchise
With over 300 franchisees Mortgage Choice’s opportunities for expansion come from two areas. Despite the size of the network there is still room for franchisees to grow into new territories still available. The other key opportunity for expansion for existing franchisees is by picking up territories and loan books of existing franchisees looking to exit their business.
With a strong business model Mortgage Choice businesses are attractive to financiers looking to lend money to existing business owners who are looking to expand, making the process of expanding easier.
To find out more about Mortgage Choice franchise opportunities click here to read into the details of what makes Mortgage Choice a franchise with great opportunities for expansion
