3 Reasons to Pursue Multiple Franchise Opportunities
It’s no secret that car care is a consistently profitable industry. Nearly 90 percent of American households own vehicles, and those vehicles need regular maintenance to remain in working condition. That being the case, even if you already own a Meineke franchise, investing in another one can bring great rewards. Members of the Meineke family who have been kicking around the idea of becoming multiple franchisees are urged to consider the following perks.
- Heightened Income – Heightened income is arguably the biggest perk associated with owning multiple Meineke Car Care Centers. On average, a franchise owner take home nearly $160,000* annually. For franchisees in major metropolitan areas, this figure is considerably higher. It stands to reason, then, that an additional franchise will double your yearly take-home pay. Furthermore, there’s no rule stating that you have to stop at two. It all depends on what your comfort level is for managing multiple franchises.
- Expanding Your Reach – If each of your franchises exhibits Meineke’s commitment to all-around excellence, you can expect to see a considerable uptick in your customer base. Opening another franchise in a different area of your respective city or township will effectively expand your reach and take dissatisfied customers away from the competition. When people see that they have choices, they tend to go with Meineke.
- Enhanced Job Satisfaction – Meineke franchisees take tremendous pride in providing customers with first-rate service at competitive prices. Expanding your reach by opening my more franchises will provide you and your employees with even more opportunities to brighten people’s day and give you a profound sense of job satisfaction.
Economic certainty is something of a rarity. With the stock market in a constant state of fluctuation and companies shipping jobs overseas, it’s hard to keep track of which industries offer consistent returns on investments. Even so, motorists will always need their vehicles repaired and serviced. As such, becoming one of Meineke’s multiple franchisees represents a fiscally sound decision on your part.