What Makes For a Perfect Franchising Opportunity?
Both new and established business owners love franchises because they take a lot of the guesswork out of any enterprise. When you start with a successful business model in place, complete with marketing and pricing guidelines you can turn to, there is far less chance that your new company will fail.
However, within different franchise systems there are a lot of different choices and varieties. How do you find the business that’s right for your needs?
Here are four key variables that we think go into the perfect franchise opportunity:
1. You want a business that’s growing quickly. Although stable or even declining businesses can sometimes do well, you have more potential for growth if you get into a franchise – and an industry – that’s rising quickly. Ideally, you should look for a business that has the potential to catch on very quickly in your area because it’s something that lots of different people, or companies, can use on a regular basis.
2. Your franchise operation should be virtually turnkey. One of the biggest benefits of a strong franchise is that you don’t have to figure out everything for yourself. That’s why the best companies make new ownership a virtually turnkey process. When you make an investment and open your doors, they help you do the rest.
3. Your new business should be in an open market. Lots of people launch franchises in very crowded markets, especially when it comes to things like fast food. But why deal with competitors on every corner when you could own the market that you’re in? Our partners are fortunate that we face virtually no epoxy flooring competition on the national level.
4. There should be a reasonable start up investment. Even if you have lots of capital to invest, why tie so much of it up into one venture? With a reasonable buy-in figure, you can leave more of your money available for other opportunities, or even launch multiple franchise locations at the same time.
As you’ve probably figured out by now, we bring up the elements of a great franchising opportunity because REDRHINO is looking for new business owners to help us grow our brand across the country. If you think it’s an opportunity that might be right for you, get in touch with our office today and let us send you our entrepreneur’s toolkit.
Why Franchising is a Great Way to Start a Business
Statistics have shown that, year after year, a higher percentage of franchise businesses make it than their “go-it-alone” counterparts. What’s more, even within the realm of all successful start-ups, franchises tend to get moving faster and stay more profitable.
What is it that makes franchising such a strong business model, and why have so many successful business owners used them to turn their entrepreneurial dreams into a reality?
Every situation is different, of course, but here are a few of the reasons that a franchise can be a great way to start a business:
To begin with a successful, established business model. Probably the hardest part about starting a business is not knowing whether your idea is strong enough to succeed. With a franchise model, though, you don’t have to wonder – the business has already been proven by others, in many different locations. That takes the biggest risk out of the equation.
Franchises can be set up and opened more quickly. In the same way, because there is already a template for a profitable business in place, you don’t have to start from scratch when opening your company. Instead, you can simply follow the steps that others have followed. That’s important when you’re trying to get your business up and running, and put your capital to use and earn a return, rather than watching the costs pile up week after week and month after month.
Marketing plans and techniques are already established. Even businesses with strong, potentially profitable ideas can fail without the right marketing in place. After all, no customers means no revenue. By following a successful franchise model, though, you can take advantage of what others have learned about marketing your type of business before you, and duplicate their success in the same way.
Franchise owners have easy access to advice when they need it most. This is an underrated part of operating a franchise business. When you seem to be facing a very tough situation or challenge, you always have someone else to turn to for advice – in fact, you have someone who probably knows the answer because they’ve been there before. That means you’re unlikely to run into something that you can’t handle quickly and easily, and that makes running your new business a lot less stressful.
Are you looking for an established franchise with the possibility for high profit margins? If so, opening a RedRhino epoxy flooring location could be your best business move. Download our potential investor packet now and see whether we have the right opportunity for you.
Essential Tips for Running a Franchise
REDRHINO is the premier epoxy flooring company in the United States, and you’re invited to join them. The REDRHINO Franchise model is designed to provide franchisees with a complete and proven business model that included corporate training in Los Angeles, field training at your location, lead generation, sales training and support, discounted equipment and supplies, and much more. If you’re interested in owning your very own epoxy flooring company, here are some tips for running a successful REDRHINO franchise.
Buy Into the System
Even if you bring 25 years of experience as a small business owner or VP to the table, remember why you’re getting into a franchise business model to begin with. The REDRHINO franchise model provides you with everything you need to increase your ROI and get the most out of your business opportunity—so long as you buy into the system and trust the program. Franchise owners operate successful REDRHINO businesses in 12 states, and you can be next.
Take Advantage of Every Available Resource
REDRHINO is committed to your success as a franchisee. After all, your franchise represents the entire REDRHINO brand to the people living in your town. That’s why REDRHINO provides you with all the resources needed to run a successful epoxy flooring business, including the industry’s most effective and defined lead generation program. You will also access to trained and seasoned installation crews so you can secure big jobs from day one.
For additional information about franchise opportunities in your area, contact REDRHINO of Los Angeles by calling (800) 806-5508. You can also visit our website to learn about our proven franchise model and hear from successful franchise owners throughout the country. We look forward to talking with you about this exciting opportunity to join North America’s premier epoxy flooring company.
One Way RedRhino Makes Epoxy Flooring Installation Easier
At REDRHINO Epoxy Flooring, we know that excellence in business isn’t just about doing great work, but also how you do it. In other words, if you have a fantastic product or service, that’s only a good start – it’s how you deliver it to your customers that ultimately makes them want to come back to you time and time again.
That’s why we do something that most of our competitors can’t or won’t and install epoxy flooring around your schedule.
For most businesses, whether they are retail shops, manufacturing centers, or other types of companies, there isn’t ever a good time to close the doors for a few days or longer. In fact, any unplanned downtime usually costs the company money, and it can take a while to clear out employees, furniture, technology, and anything else that’s on top of your existing flooring. Add in the hours or days needed for preparation, and it’s easy to see why scheduling epoxy flooring installation can quickly become a headache.
However, because we know that your time is money, our team is used to working around unusual constraints. That means we can show up and deal with your epoxy flooring when other contractors won’t, including:
• During long weekends when your store or facility is normally closed
• In the evening when employees and customers aren’t going to be in the way (even overnight)
• While your team is away for training, or on a holiday break
We want to make it easy for you to make the right decision and work with us. That’s why we make convenience a priority on every job, no matter how small or large. You shouldn’t have to turn your business upside down to get a safer, better-looking floor.
Epoxy Floors From REDRHINO
At REDRHINO Flooring, we specialize in providing high quality epoxy floors. Epoxy is easily the most durable floor covering available. This makes epoxy the best choice for a floor covering in most industrial and commercial businesses. Epoxy holds up amazingly well to chemical spills, even those containing harsh acids or salts that would normally eat away most other floor coatings. Epoxy also stands up well to repeated scouring with the strongest cleaners on the market. Epoxy floors are not damaged by repeated mechanical friction so they are ideal for heavy industrial use such as fork lift traffic. Epoxy floor coatings will literally last for years under almost any industrial use. Of course, long-lasting also translates to economical.
Epoxy floor coatings also make a very attractive floor. They are seamless and maintain a lustrous glow giving the impression of a bright clean look. Epoxy floors are very easily cleaned so it is easy to keep them looking in tip top shape. Epoxy floors can also be customized with different colors and patterns. This makes them ideal to be used in areas where visual impact truly matters such as car showrooms or business waiting rooms. These customized epoxy floors can make a lasting positive impression on customers. In fact, our residential customers also love the look of our customized epoxy floors. Epoxy floor coatings are also perfect for muli-purpose rooms at schools and churches that can get quite a bit of abuse over time.
At RedRhino Flooring, we are very proud of our high customer satisfaction. We have been in business since 1995 so we have a great deal of experience installing epoxy floors. We guarantee excellent workmanship and we put customer satisfaction at the front and center of every job we do, big or small. We’d be happy to answer any questions you might have about our services and epoxy floor coatings. We can also inspect your location to give you a better idea of what we can offer.