Did you know that multi unit franchises are the go-to strategy for many business-minded entrepreneurs? That's because owning more than one franchise location offers you a chance to achieve financial and personal rewards that are beyond what you might expect from a single-unit franchise. Each location offers a chance to build revenues, of course. But what is a multi unit franchise and what sorts of opportunities do they create?
Hear how Medi-Weightloss® franchise owner Kurtis Freidag of Peoria, Illinois, increased revenues from his multi-unit franchises.
What is a Multi Unit Franchise?
Multi Unit Franchise Definition – A franchise owner operates more than one entity in a specific territory or region.
Multi-unit franchise ownership is changing the franchise landscape today. Owners of multiple franchise units control 54% of the units in the U.S. franchise market. In the quick service restaurant segment alone, more than 82% of businesses are considered multi unit franchises.
Today, multi unit franchising goes beyond the food service industry. The practice of owning multiple franchises is now a part of nearly all industries with franchise business models. In fact, multi unit franchise owners typically own an average of five locations.
Types of Multi-Unit Franchises
There are two paths to owning multiple franchises that are common in the franchise arena today. The traditional path offers you an opportunity to own more than one unit in a wide territory, such as contiguous markets. The less-traditional path offers franchise owners the opportunity to develop a substantial presence with several locations or units within the same community. Either approach could give you an opportunity to turn your wealth-building dreams into reality. To know which path is right for you, do your research for multi unit franchises for sale.
Some franchise business models, like Medi-Weightloss, have intentionally designed franchise ownership programs around multi-unit models. This gives owners a greater opportunity to build revenues, gain financial freedom, and make a difference in their communities.
Feeling a bit intimidated by the idea of owning multiple business locations? Don’t be! Owning a multi unit franchise for sale also gets easier as you build on the knowledge gained from starting the first one or two locations.
Why Own a Single-Unit Franchise, instead of Owning Multiple Franchise
One franchise unit may be the right solution if you are a first-time franchise owner. It's also a solid path to consider for those who have limited resources or are unfamiliar with business operations.
You may be drawn to a single-unit franchise if you prefer to be fully invested in daily operations. However, if you have strong human resource and delegation skills, you may be limiting your growth by sticking to a single unit.
In today's marketplace, an emerging brand – a business model that has just started to expand – may offer only single-unit franchise opportunities. Established business models, like Medi-Weightloss, have a track record and brand recognition that may be attractive for owners who prefer to own multiple franchises.
Take Advantage of Potential Rewards from Multi-Unit Franchises
Here's how owning multiple franchises can make a difference:
- Expand potential income stream
- Dominate a market/territory
- Add stability to investments
- Achieve a potentially higher rate of return
- Diversify options for revenue generation
- Withstand changes in the economy
- Share products or equipment
- Save money through operating efficiencies
- Lower expenses through cost-sharing and bulk orders
- Add flexibility to staffing
- Implement changes based on growth from unit to unit
- Receive discounts on franchise fees
- Balance work and personal life
Do You Have What It Takes to Make a Strong Multi-Unit Franchise Owner?
A simple way to learn about multi unit franchises for sale is to talk with people who own multiple franchises. You may find out that multi-unit franchise owners have a strong history in business management. They know what it takes to manage people, operate efficiently and generate income.
Owning multiple franchise units gives business people the chance to concentrate on scaling their operations into a network of locations. Of course, this means you must turn over daily operations to a manager for your locations. So, if you’re excited about playing a leadership role among a staff at multiple locations, multi unit franchises might be the best option for you.
Why Medi-Weightloss Multi-Unit Franchises are Worth Consideration
A Medi-Weightloss franchise offers a way to take advantage of a business model with high brand recognition in markets across the U.S. It's a chance to own one of the leading physician-supervised, non-surgical weight loss companies in your community.
With a Medi-Weightloss franchise, you can make a positive impact on people's lives. As Annie Holland Miller, Medi-Weightloss franchise owner in McAllen, Texas, says, "This is not just about numbers. It's about changing a person's lifestyle."
If you're ready to expand your medical practice, like Jim Mirabile, MD, in Overland Park, Kansas, invest in a weight loss franchise that's big on results. Medi-Weightloss opens opportunities for you to scale your earning potential and reach the balance you want in your professional and personal life.
Plan Your Future With Multi Unit Franchises
Find out what it takes to own multiple franchises or a single Medi-Weightloss unit. It's your chance to be a part of the Medi-Weightloss mission to fight the rising obesity rates in America. Multi unit franchise ownership can make a difference in the lives of families throughout your community. At the same time, you can take control of your own future and find the balance you want in life.