The Franchisee-Franchisor Relationship: 4 Things to Look for
Kicking your corporate career to the curb and embarking on a new future as an entrepreneur can be invigorating. But you’re bound to encounter challenges on your entrepreneurial journey. Having the right franchise partner can make all the difference ― a good franchisee-franchisor relationship is key.
Franchising gives you the tools to overcome obstacles and provides training and guidance to help you achieve your goals. Operating a proven brand with a proprietary business system can give you the confidence you need to be successful. As you start your search, here are some key elements to help choose a solid partner who’s invested in your growth as an entrepreneur.
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Strong Reputation
Nearly half of consumers rank brand reputation as more important than price, according to a study conducted by Marigold. One of the benefits of franchising is relying on an established brand to build a business. Investing in a brand with a stellar reputation is crucial to success. You’ll want to pick a franchise with a good track record with its franchisees. To gauge a brand’s standing, don’t skip the validation process. Ask detailed questions and consult thoroughly with existing franchisees.
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Shared Values
For a beneficial franchisee-franchisor relationship, find a franchise that shares your values to establish a relationship based on trust, open communication, and respect. If you enjoy working in a collaborative, flexible environment, a franchisor with a strong franchise advisory group is a great place to start. Having shared values helps ensure consistent customer service, product quality, and overall brand experience.
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Support
One of the hallmarks of the franchising relationship is the training and ongoing guidance you get from the brand. Often times, you don’t need experience in a particular industry to become a franchise owner. Choose a franchise that offers extensive franchise training and ongoing support. Many franchises offer business coaching to help you get started and provide ongoing assistance to ensure your business stays up to date with the latest consumer trends and technological innovations.
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Culture of Appreciation
Choose a franchise that recognizes and celebrates the achievements of its franchisees through awards, social media posts, or internal communications. Although 88% of business owners were optimistic their business would grow in 2023, at least 70% experienced some degree of burnout. Validation can help reduce stress and enable you to thrive. Feeling valued provides the positive motivation you need to continue to achieve success.
Write Your Own Success Story with Bath Tune-Up
If you’ve always dreamed of owning your own business, partnering with Bath Tune-Up to launch a bathroom remodeling franchise puts you in charge of your future. With 53 locations across the U.S. and Canada, we’ll be with you every step of the way as you chart a new course for your future.
Bath Tune-Up is a one-stop shop for bathroom remodeling. We’ve streamlined the decision-making process by offering curated choices to prevent customers from getting overwhelmed and stalling the project. As a Bath Tune-Up franchisee, you’ll get both the independence of ownership and the support of a national company.
We’re a low-cost investment with the potential for high-profit margins. The average sales of 12, single-territory locations were $143,559 in 2023 and the average sale amount for a full bathroom remodel was $28,024.* Our business is scalable and can be operated from your home or as a retail location. Our comprehensive training program equips you with the skills and training you’ll need to be successful, even if you don’t have prior experience in home remodeling. Our franchise owners typically use subcontractors and employees to do the actual remodeling work.
Bath Tune-Up is backed by Home Franchise Concepts, a leader in the home services industry. Home Franchise Concepts has 10 brands with 2,600 franchised territories. Some of our other home services brands include Budget Blinds, Kitchen Tune-Up, Concrete Craft, and LightSpeed Restoration.
Get Started with Bath Tune-Up Today!
If you’re interested in partnering with a growing franchise family, inquire now to learn more about Bath Tune-Up.
*See FDD for details.