Understand all of the fees involved with buying a franchise and have enough capital to cover them. When buying a franchise, be aware that you’ll need to pay a franchise fee, which provides you with your license and the key to open the door to all of the business’s operating systems, earned wisdom, and branding. The brand is a known entity with a built-in following, and paying the franchise fee gives your business automatic credibility. Also, factor in franchise-specific fees, like royalties, when creating your business plan and pro forma.
Within any industry, the business model you choose will affect the cost of opening your franchise. Tide Cleaners offers a wide range of franchise types but begins with a Tide Cleaners Plant Store, which allows new franchisees to establish their business with our largest, most interactive format. From there, owners can open additional Plant Stores and Drop Stores designed to suit various markets and neighborhoods to optimize service.
Many factors come into play when predicting the future profitability of your franchise, including location, market demand, and your ability to attract and retain customers. Bear in mind any and all future possibilities when considering your investment so that you can be prepared for short and long-term outcomes. As part of the essential, laundry and dry-cleaning industry, Tide Cleaners presents a sustainable, long-term investment opportunity for qualified franchisees.