Multi-unit ownership is on the rise in franchising, and that growth isn’t limited to traditionally multi-unit franchise industries like quick-service restaurants. According to FRANdata, owners who operate more than one location are responsible for 54 percent of all franchised units in the U.S. Just eight years ago, single-unit owners held the majority.
Many prospective franchise owners are entering the discovery process with plans to own and operate multiple franchise locations. If you’re evaluating franchise brands and looking to grow beyond a single location, you can be successful by going in prepared for the unique challenges this presents. Everything, from choosing the right franchise opportunity for your skillset to the location of your first unit, should set you up for multi-unit success.
We spoke with Ed Rothschild, owner of four AlphaGraphics locations in the greater Denver, Colorado area, and here are some of his tips to help aspiring multi-unit owners achieve their growth vision.