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Multi-Unit Franchising: Diversifying Your Franchise Investment

Business people talking about multi-unit franchising opportunities

Multi-unit franchising is a great way to diversify your business portfolio and either cover a larger territory or buy into a complementary business.

Expand Your Portfolio

Multi-unit franchising has become a popular investment strategy in recent years. Through the combination of lower buy-in costs and opportunities for compounded financial gain, entrepreneurs are choosing to strengthen their portfolio within proven franchise systems that offer long-term growth.

Owning multiple franchises can be a safer investment since a diversification of investments means relying less heavily on one location for primary revenue. The bottom line is multi-unit franchises present scalable opportunities for small business owners to grow their wealth with the backing of a winning brand.

A Scalable Investment

In addition to more significant financial gain and security, multi-unit franchise owners often receive discounted franchise fees for every unit acquired after the first one. When you sign a Multi-Unit Development Agreement with Uni K Wax, your initial franchise fee will be reduced to $30,000 for your second studio and $20,000 for all studios developed thereafter. This arrangement benefits both the franchisor and franchisee by facilitating control over a particular territory and ensuring proliferation of the brand.

Economies of scale can be found in inventory buying, marketing, advertising, staffing, and training and are more likely to work in your favor if you’re a multi-unit franchise owner. Given all the cost savings, reduced expenses, and a strengthened probability of success, multi-unit franchising often provides higher ROIs.

Expand With Experience

While some franchisees invest in multiple units from the start, many owners choose to expand upon their initial franchise once they have gained a strong foundation through experience and community recognition. Upon enjoying the success of their first outpost, expanding their franchise footprint often makes perfect sense.

As a multi-unit owner, it’s highly likely that you have been through it all, from setting up the franchise to managing daily operations, effective marketing campaigns, and the best strategies for optimizing profitability. Oftentimes that means you’ll be aware of and ready to face head-on any challenges associated with establishing a new location.

Multi–unit franchisees have a strong understanding of what works best. A business plan on paper is one thing; in practice, it can become something very different. The business acumen of a multi-unit franchisee increases as they experience new events — both positive and negative — that impact business.

Entrepreneurs who value the work-life balance that may have drawn them to franchising in the first place will find that multi-unit ownership further supports that goal by allowing owners to hire strong teams to run their businesses at various locations, freeing them from the day-to-day operational responsibilities faced by most independent business owners.

Strength In Numbers

According to a recent study, 54% of all franchises are now multi-unit operators, with the numbers continuing to rise. Currently, 43,212 multi-unit owners control over 223,213 franchised units in the United States. The benefits of multi-unit franchises apply to both the franchisor and franchisee. As a multi-unit franchisee, you own a significant share of the business. In fact, you make more money for the franchisor, which means you have a greater impact on their bottom line.

There are many good reasons to invest in a multi-unit franchise. Whether your goal is to prepare for retirement, build an additional income stream, or grow your impact as a business leader in your community, the opportunity for generating wealth as a multi-unit franchise owner is tremendous. Plus, owning more than one location protects against an economic downturn in ways that a single-unit location would not. There’s also the satisfaction that comes from knowing you are investing in the lives and futures of your employees.

Explore Multi-Unit Franchising With Uni K Wax

As a leader in the pandemic and recession-resistant beauty industry, Uni K Wax is proud to provide a lucrative business opportunity for all qualified prospective franchisees, whether they want to start out with one location and build from there, invest in waxing as a complementary business to an already ambitious portfolio, or hit the ground running with a multi-unit agreement. The Uni K Wax business model and outstanding franchisee support make us an ideal fit for all motivated entrepreneurs hoping to build their future with the backing of a winning brand.

To learn more about franchising opportunities with Uni K Wax, request info today.