Expanding Your Franchise Business: What It Takes to Be Successful

Ready to move beyond single-unit ownership? There are a few ways to reach the next level.

As a current franchisee, you might expand within your existing brand by signing a new agreement to open additional locations. On the other hand, you could diversify your portfolio by partnering with multiple brands across different industries.

No matter which path you choose, it’s important to be prepared for the unique challenges that come with managing a larger business. If you’re eager to build generational wealth through multi-unit franchise ownership, discover what it takes to succeed.

Steps to Expand Your Franchise

Growing your franchise business takes work, but if you break the process down into easy-to-follow steps, you’ll be able to expand your business empire successfully.

1. Start with a strong foundation: Master the art of operating a single-unit franchise before spending your time and resources on opening more locations. A well-managed unit with strong systems, consistent revenue, and a reliable team is your blueprint for future growth.
2. Assess your financial readiness: Growing your business takes capital. Review your financials to understand where you are currently. Then explore funding options and understand the full investment needed—including startup costs, staffing, and working capital for each new unit.
3. Evaluate franchise brands: Not all franchise brands are meant for scalability. Research different franchises with multi-unit infrastructures. This includes training, marketing support, territory availability, and technology systems that help you manage more locations efficiently.
4. Build a team: The more locations you have, the more help you’ll need. As a multi-unit owner, you’re no longer buying yourself a job. Instead, your role will become more of an overseer. This means you’ll need to hire and train staff who adhere to your standards and execute efficiently.
5. Establish systems for consistency: Consistency is key when owning multiple locations. Document all processes and lean on your franchisor for support in replicating operations. Scalable systems reduce stress and help you maintain quality as you grow.
6. Monitor performance: Track every metric you can – including revenue, labor costs, customer satisfaction, and employee retention. Use these key performance indicators (KPIs) to identify trends, adjust strategies, and support your team where needed.

Benefits and Challenges of Expanding Your Franchise Business

Is expanding your franchise business really worth it? We break down the advantages:

• Increased earning potential
• Greater brand presence and negotiating power
• Ability to step back from day-to-day operations
• Opportunity to create generational wealth
• Safety net in case one location struggles

However, with the good comes the less-than-favorable. Be aware of the following challenges when expanding your franchise business:

• Managing your time across multiple franchise locations
• Hiring and retaining reliable managers and staff
• Ensuring brand consistency across all locations
• Balancing growth with profitability
• Avoiding burnout – build dependable teams and processes

Why Partnering with the Right Franchise Brand Matters

Handling the highs and lows of expansion is much easier when you’re partnered with the right franchise brand. Reputable franchisors will provide their franchisees with comprehensive training, ongoing support, protected territories, state-of-the-art systems and technology, and a business model that’s designed for scale.

To get a clear understanding of what it’s like to work with the brand, speak with existing franchisees. Ask them about their experience and whether they feel supported by the brand. If any franchisees appear disgruntled, that may be a sign the franchisor isn’t entirely hands-on.

Franchise with Bath Tune-Up

To build a future of generational wealth, you must expand with purpose. When you invest with Bath Tune-Up, you’re investing in a thriving bathroom remodeling franchise that provides:

• 4-week online pre-training course
• 14-days of Certification Training - a mix of virtual and in-person at our Experience Center
• 12-week post training action plan with accountability
• A personalized Launch Team that works with you for the first 3-7 months of your business
• Ongoing learning opportunities through monthly webinars and podcasts
• An operation manager to help you stay on track throughout the life of your franchise
• National and Local Area Marketing support and guidance

Bath Tune-Up is also backed by Home Franchise Concepts, a leader in franchising and home services, our franchisees know they’re getting guidance from the best in the business.

With protected territories available across the U.S. and Canada, Bath Tune-Up franchisees have at least 41,000 households they can market to – ensuring their businesses have room to grow. Plus, our franchise opportunity is affordable with low startup costs  and we also offer in-house financing to qualified candidates to help with their business venture.

To learn more about our franchise opportunities, contact us today. After we’ve received your inquiry, a Franchise Advisor will be in touch to set up an introductory meeting.