The consulting firm has made the process of franchising, licensing, and distributorship so affordable—marking it a realistic decision for even a mom and pop business. Now with the ability of expanding globally large retailers prove no threat to your favorite neighborhood restaurant or retail establishment.
Franchising has been categorized as a major financial expense that only well established and already expanded businesses can afford. Currently it would take approximately $100,000-$250,000 to franchise a business. Now for a measly $15,000 BAC will assist any business of any size in franchising—
What’s their secret? BAC was able to develop a team, which includes a well-respected FTC lawyer and an ex-CEO of 2 Top 200 National Franchises. Their strategic team and streamlined process (a business is ready to file in 4-6 weeks rather than the normal 4-6 months) was created with smaller businesses in mind. Most importantly—
Expansion through franchising is a mom and pop store’s hope to remaining open regardless of any retail giant that opens up next door. By franchising, a business can expand without having to lay out any capital. The franchisee will be the one doing the investment; the franchisor (the mom and pop store) will be reaping the benefits of royalties and franchise fees.
According to the Census the franchise industry accounts for 40% of all retail sales in the US and in 2004, it is estimated that franchise businesses were responsible for over 1.5 trillion in economic output.
There are an estimated 1,500 different franchisors operating in the U.S. The industry has yet to be saturated. Given that most franchise companies have fewer than 100 units, franchising can be scaled for those small business owners that are not as aggressive.
