“All franchise sales have stalled.” I heard this for the 20th time today. And it’s simply not true.
It is true that the past 9 months have created a new playing field for potential franchise owners – they have renew need to buy a franchise, but now have new financial rules and abilities. The franchisor who does not change to address these shifting needs is in trouble.
Our client Oxi Fresh is just one example of a franchisor that is knocking down sales and has exceeded their sales goals. What’s different?
In a ‘lay-off’ economy, franchise sales are historically up and the banks are willing to lend to qualified entrepreneurs starting a business with a well-known franchise brand. In our current situation however, the banks are not lending. Especially not to a potential franchisee. In this economy, and in every economy for that matter, the franchise business models selling are the ones that can. The ones that are finance-able.
Oxi Fresh has a low-cost of entry services, business franchise with centralized customer service and support. It doesn’t take a business loan, a remortgage of a house, or a 401k redistribution to get started. It only requires a commitment to the business model.
Intelligent.
Tags: economy, financing, franchise sales, jp o'brien, oxi fresh, sagefire
