Congratulations to our client Chris on becoming a franchise owner with Furry Land Mobile Pet Grooming!
Chris sought to grow his business holdings by choosing a dependable franchise in an industry not prone to recessions that wouldn't require much of his day-to-day involvement.
Chris owns restaurants and real estate properties all over the country, so he wanted to add a franchise that would fit well in his portfolio.
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Chris wanted to include an asset class franchise in his portfolio so that he could own it but have the franchisor manage it for him, rather than investing in stocks he couldn't influence in today's casino-like stock market environment.
Furry Land was the perfect investment as a strong absentee franchise. The Franchise Insiders ranked it one of the top franchises in its category, and it is also in a resistant industry to recessions.
Chris was instantly taken with the brand and, after doing his homework, determined that it had a lot of promise in Palm Beach, Florida.
The managed services (or absentee) option not only allows him to take a higher level approach to growing his franchise assets, but also gives him more time with family and enjoy his other business ventures and real estate investments. This is a welcome new investment for him, which he can fly his Cirrus aircraft to quickly and easily!
Rhino 7 is always great at assisting our clients in developing a franchise area that suits their demands. Doug, Joe, and the rest of the team are true professionals!
Thank you to everyone who worked so hard on this deal. Chris, congratulations! We hope that this is the first of many investments that we work together on as your portfolio grows stronger.
Jack and Jill
The Franchise Insiders
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50 Best Absentee Franchise Opportunities and Their Cost - Profitable Venture Franchises
Discover which is your best match with The Franchise Insiders!
The cost of an Absentee Franchise may not be as high as you think; it is important to remember that you are buying a proven business model that can run without your sweat equity. You are also getting the support of the franchisor which means that you have a higher chance of success. The key is to choose the right franchise and this is where our list of 50 best Absentee Franchise opportunities and their cost will come in handy.
What is absentee ownership of a franchise?
Absentee ownership of a franchise is an arrangement where the franchisor allows you to own more than one location but does not require you to be physically involved in running the business at all times. This type of ownership comes with its pros and cons, which we will discuss further below.
Pros of owning an Absentee Franchise Business Model:
You get to enjoy multiple streams of income from the different locations you own. An Absentee Franchise business model also allows you to keep your full-time job while owning a franchise business. This is very important for those who may not have the financial capacity to quit their day job and invest all their time and resources in a franchise business. With this type of ownership, you get to delegate the day-to-day running of your franchise business to a competent manager. This gives you more time and freedom to focus on other things or even start another business.
Cons of owning an Absentee Franchise Business Model:
The truth is that there are very few cons associated with this type of ownership but we will still mention a few. One of the cons of owning an Absentee Franchise is that you will have to typically pay a higher initial franchise fee. This is because the franchisor will be providing you with additional support and marketing to help you run your franchise business successfully. Another con of this type of ownership is that you will not have as much control over your franchise business as you would if you were an owner-operator. This is because you will be delegating most of the decision-making to your manager and franchise support team.
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