Jimmy John's (2nd), Panda Express (9th), McAlister's Deli (11th), Jersey Mikes(14th), Papa Murphy's (15th), and Culver's (20th) have thrived at a time when most companies are pulling in their horns. These six companies are very transparent in what they do. By having a culture of transparency, all of these companies offer a distinct experience and product that is trending in the world around us. But in the very beginning, it was Francorp's assistance and strategic planning that helped launch these companies on the path to success.
One of the main reasons a company should think about franchising is time. A company who has a thriving concept and trending product does not have the time to open units one by one solely with their own capital. As a business owner, you need to leverage your name, brand, and systems in a way which outgrows your competition. Panda Express (9th) was able to beat out their competition by allocating their time to wisely building their company structure rather than establishing the next location. Proper timing is everything, whether you are talking about the state of an industry, or the relevence of the next successful business concept.
As Francorp Chairman Don Boroian stated in his latest book "Franchising Your Business (http://www.francorp.com/
To get more information on franchising, or how to franchise your business, please visit www.francorp.com, or call 1-800-FRANCHISE to speak with an analyst today.