Have you ever asked yourself, “What product can I invent?” “How can I create a profitable business?” or even “How can I become my own boss?”
If so, you’re not alone. These are very common questions hopeful entrepreneurs ask themselves. But did you know that franchising is business ownership and allows you to lead your career towards a profitable business?
Here are three reasons why buying a franchise is the best path to entrepreneurship.
- Ongoing support. One of the main reasons buying a franchise is the ideal route to entrepreneurship is the support you receive along the way. At Huntington Learning Center, we never leave your side. As a partner in your business, we offer guidance, training, and all the tools you need to succeed. On the flip side, if you start a business from the ground up, there is inevitable trial and error, unpredictable expenses, and often failure. But when you choose franchising, all of these stressful things vanish with our expert support.
- High revenue with less risk. When choosing a franchise to buy, it is essential to consider how much your potential profit might be. Huntington Learning Center gives you all the resources to make high revenue at lower risks than other franchises and at much lower risk than starting a business from scratch. In fact, Huntington is the #1 revenue-producing franchise in the tutoring industry. In 2021, revenue was 29% higher than our closest competitor1. Additionally, Huntington is one of the most affordable franchises in the tutoring industry to purchase. Both of these things should ease your mind when shopping for a franchise that will offer a steady, comfortable income.
- High growth opportunity. In addition to growing your profit margins, another advantage to choosing franchise ownership as your pathway to entrepreneurship is the possibility of owning more than one location. Many of our franchisees are multi-unit owners, showing that their success paid off, and the demand in the market is high enough to support new locations. At Huntington, it might start with one franchise purchase and lead to additional growth opportunities, expanding into multiple locations. This scalability is often much harder for small business owners, taking longer, and often never successful.
If entrepreneurship has crossed your mind, opening a franchise might be the best opportunity. Reach out to us today to learn more about becoming a Huntington Learning Center owner today!
1 Average closest competitor calculated based on the following information is based on each company’s Franchise Disclosure Document (FDD) for all franchise centers open in 2021, except for Kumon, which is for centers open at least three years. Kumon reports in its 2021 FDD that its average franchised center open at least 36 months had 169 subject-students. We estimate a subject-student’s monthly fee from our web search of the phrase ‘How much does a parent pay Kumon’. We used the average of the high estimates, $145 per month per single subject. We estimated the registration fee of $50 and materials fee of $30 from this web search; and we estimate that half of a center’s enrollees pay these fees.