Home Why Franchising?

Why Buy A Franchise? 

 

Franchising has it's beginnings back in the mid 1800s, and is simply one method of distributing products or services. Two levels are involved in any franchise system: a. the franchisor, who provides its trademark, trade name and/or a business system; and b. the franchisee, who pays an initial investment and ongoing fees for the right to do business under the franchiser's name.

 

Why Should I Buy A Franchise Instead of Starting My Own Business?

 

 

Training and Support
Gotcha Covered provides you with the training and ongoing support you need to become and remain successful. We have a vested interest in you being able to run the franchise profitably and succeeding in your business because the more profits you make, the more money Gotcha Covered makes.

Brand Awareness
It can take years for a business to successfully build a well-recognized brand that helps drive sales and provides an advantage over other competitors. Brand awareness can make or break a business, and Gotcha Covered provides instant and proven brand awareness without the time and effort that would otherwise be required.

Purchasing Power
Gotcha Covered has the ability to purchase goods, products, and supplies at reduced rates because we use the combined buying power of all the franchisees to negotiate better deals and buy in bulk.

 

Proven Business Plan
Most of the thoughts, mistakes and successes of a business have been worked out by Gotcha Covered, so you as the franchisee can avoid these mistakes and focus on the successful processes.

 

Unique Assets
Most franchises are built on some unique feature or features, such as specific recipes, business processes, marketing programs, etc. that other businesses can't copy. For Gotcha Covered, our franchise system is built around our Decor Creator software that we have invested millions of dollars and many years to develop. Quite literally, we know of no other software on the planet that can do what our software does!

 

How Successful Are Franchises Compared to Other Business?

 

 

A study by the U.S. Small Business Administration found that over 62% of all new non-franchise businesses fail within the first six years of business. In contrast, a study by Arthur Anderson of 366 franchise companies found that over 96% were still in business after 5 years of business. There are about 1500 franchisors in the U.S. today; about 1 in 12 businesses is a franchise, and a new franchise opens about every 8 minutes of every business day. 

 

Furthermore, franchise systems:

  • generate over $800 billion in annual revenue 
  • account for over 40% of all retail sales
  • employ more than 8 million people
  • create more than 170,000 new jobs every year

If you have the entrepreneurial spirit, yet desire the confidence of a proven business system and support of those who have 'been there and done that', there is no better choice than a Gotcha Covered franchise!