Franchisees can achieve things that as individual business people they could not do. However not everybody is fitted to become a Franchisee. So please ask yourself a few questions:
One of the major causes of business failure is under capitalization. While the franchisor will be able to give you a good idea of the start-up costs, sometimes these will vary due other variables. You will need enough money to not only open your franchise, but to run it until such a time as it is profitable. For some franchises, that may take a year. Remember, it is better to start out with more money than you think you will need rather than less.
If you answered YES to at least 8 of the questions, then you are a good candidate for successful franchising.
Are you going full time or part time?
If full time you know what to do
If Part-Time AeroWest gives you:
Flexibility: Unlike other franchises that require you to quit your current job before starting your business, the AeroWest franchise is adaptable to your schedule.
AeroWest franchise ownership gives the ability to maintain your career while you run your business, something that may not always work with a start-up business. There are more people interested in buying a franchise to generate a second source of income. The individuals that are interested in being a part-time franchisee want the benefits of owning a business but want to invest in a franchise that doesn’t dominate their life. They may be involved in freelance work or business consulting and want to add a steadier stream of income to their overall revenue. They have recently retired and would like to supplement their retirement income without taking on a full-time venture. AeroWest gives you that advantage, at least until you decide to dedicate yourself full time to the growth of the franchise.
Do you have the Finances?
Initial Franchise Fee (IFF): $25,000
Initial fee includes:
|Initial Franchise Fee (IFF)||$25,000|
|Vehicle - Purchase||Varies(if you don’t have one already)|
|Travel and Other Expenses for Training||(included in IFF)|
|Initial equipment and product inventory||(included in IFF and starter pack)|
|Tablet and Software||(included in IFF)|
|Working Capital Required||$9,650 - $34,050|
|Total investment Required||$35,350 - $79,850|