The iFranchise Group was founded in 1998. It offers the skills of the nation’s top franchise experts. This includes strategic planning, operations training and documentation, franchise marketing and sales. In addition, they also offer the best practices for emerging and established franchise companies worldwide. Substantial growth in Franchise sales has been predicted by Mark Siebert, the CEO of the iFranchise Group.
We have been hearing news about how many industries have furloughed their staff in the last few months. This was primarily due to panic and lockdown situations that prevailed worldwide, as a result of the Covid-19 pandemic. Despite this, Mark Siebert feels rather bullish about franchise opportunities in the coming period.
It is rather with great assurance that he predicts once in a lifetime opportunity for new franchise investments in the following months. There is already an increase in the interest from those looking to invest in franchises. Further, this interest will translate into contracts by 2021. He strongly feels that this could possibly be one of the strongest years ever for franchising for the following reasons.
If your business model is franchisable, it takes at least 4 months to have the documentation in place. It is important to focus on the success of the existing business before jumping into franchising it. Once the profitability is sufficiently high, you can confidently apply for the franchise model.
Source: Franchising.com
Subscribe to our email list to get the updates to your inbox:
Contact our team for an opportunity to get featured:
Franchise Feasibility Studies: “This is used to check if a company can be a good franchise.”
The Franchise Talk is more than just an online platform … it is a Community.
A Community to connect franchisors and brands with franchisee and investors from the Middle-East.
A Community to share latest trends, rules, regulations, and most recent product launches in the world of franchising in the Middle East.
A Community to get inspired, explore success stories and enable new experiences.
The Franchise Talk is not just an information provider. The Franchise Talk Connects, Informs, Inspires, and Educates investors, franchisees, and future start-ups and entrepreneurs.
Copyright © The Franchise Talk 2023. All Rights Reserved
0 comments