TheScottsdale CityScoop

Franchise Consulting News
Scottsdale, AZ

Scottsdale, AZ – 4 Reasons Franchise Royalty Payments Are A Good Thing

BY: Mario Altiery, Upside Group Franchise Consulting

When trying to close the deal and sign up a new franchisee, one inevitable point to discuss is royalties. While the knee jerk reaction of the franchisee is to bemoan the franchise royalty payment, it’s actually a good thing.

Here are 4 reasons why.

We hope these help you explain why your royalty payments should be welcomed.

  1. Systems

The systems built by the franchise are the recipe for a successful franchise owner. When you buy into a franchise you get the blueprints. All you have to do is follow the plan. It takes years and a lot of R&D money to figure out how to run a business successfully – from the big decisions down to small everyday operations decisions. A big part of your royalty payment is for the systems you’ve built, which can evolve and change over time, making an ongoing royalty payment necessary.

2. Equipment, Parts, Services & Discounts

Many different businesses require parts or equipment or outside services in order to function or sell their product to the public. By buying into a franchise, the franchisee doesn’t have to do the work to figure out which products or services or equipment work best and are the most cost-effective. All of that work has been done for them by the franchise. Plus, franchises often have better buying power because of their ability to buy in much larger quantities, which trickles down to the franchisee.

3. Lead Generation

One of the hardest things about owning a business is getting customers and people to buy from you. Buying into a well-known franchise can generate leads for your business just off the name. Franchises also often have access to better marketing programs than an individual small business owner.

4. Ongoing Support

It takes time to learn to operate and successfully run any business. Franchisees need a lot of help and go through a large learning curve in the beginning, then continue to learn to run the business over the course of months or even years. Being a part of a franchise that offers ongoing support is a great asset for the franchisee to have at their fingertips.

If you aren’t already including these points as part of your franchise presentation, or feel like you could use some help to develop a better franchise presentation, we would be happy to help. If you have any questions about our franchise consulting services, give us a call.

“Best Franchise Consultant in Scottsdale, AZ”

Top Rated Local Franchise Consulting Company / Franchise Business Opportunities

Maricopa County: Scottsdale, Tempe, Phoenix, Glendale, Mesa, AZ

Recent

Below is a quick analysis of what has happened since last month in terms of goals, gains, and a quick summary of what topics we are targeting next etc. If you would…
Below is a quick analysis of what has happened since last month in terms of goals, gains, and a quick summary of what topics we are targeting next etc. If you would…
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unkn…

“Best Franchise Consultant in Scottsdale, AZ”

Top Rated Local Franchise Consulting Company / Franchise Business Opportunities

Maricopa County: Scottsdale, Tempe, Phoenix, Glendale, Mesa, AZ

CityScoop is the top ranked local business news network in the United States. Established in 2008, CityScoop has been providing local communities with high quality news about local businesses and their most recent projects.

About Cityscoop
ABOUT THE AUTHOR

LOCAL EXPERT

AUTHOR & CONTRIBUTOR
Profile Avatar Click to view Author Bio

Mario Altiery

Upside Group Franchise Consulting

Leave a message

Please wait...

Location

11445 East Vía Linda,
Scottsdale, AZ 85259, USA

(Get Directions)

11445 East Vía Linda,
Scottsdale, AZ 85259, USA

Recent

ABOUT THE AUTHOR

BIO: Mario J. Altiery, CFE, Founder and President of Upside Group Franchise Consulting. Mario has helped many franchisors develop their systems in numerous industries. Mario is a published author and has been sought after as a guest speaker for various organizations including the International Franchise Association (IFA).

QR CODE

Scottsdale, AZ – 4 Reasons Franchise Royalty Payments Are A Good Thing