After a while, even successful small businesses could use a change. Whether you’d like to alter the business model or create even more stability, converting your small business into a franchise might be the right decision. Conversion franchises give you the support and resources you need to make your business the best it can be. By partnering with a trusted franchise brand, you can give yourself better opportunities to grow and succeed. 

Let’s explore the benefits of converting your business to a franchise.

What is a Conversion Franchise?

Although you might think that the only way to franchise is to open an entirely new business, that couldn’t be further from the truth. Understanding what an asset current small business owners can be to their network, many leading franchise brands also provide the opportunity to convert existing businesses into franchises.

Home Franchise Concepts is pleased to count many conversion franchise owners as members of our franchise system. As a conversion franchise, you can leverage your franchisor’s resources and strategies to build on the trust you’ve established in your community.

Turning Your Business to a Franchise

Transforming your business to a conversion franchise does take time. The franchise process for conversions is not quite the same as it is for entirely new franchise locations, but you will follow many of the same steps. You will undergo extensive training, work with your new franchisor to revamp your business operations and go through a full rebrand. If your franchisor has specific requirements for your office space, you may also have to renovate or acquire real estate. Most Home Franchise Concepts brands don’t require a brick-and-mortar office, but our team will work with you to ensure you meet our brand standards.

The most important part of the franchise process for conversion businesses is a willingness to adapt. Small business owners are used to doing things their way. While most franchisors allow you to make choices you feel are best for your business, you will still be expected to follow the brand’s guidelines and procedures. Remember that the new way of doing things is meant to streamline your operations and fuel your growth.

Why Choose Conversion Franchising

There’s no shortage of reasons to bring your small business into a franchise system.

• A proven business model: Arguably, the most significant advantage of turning your business to a franchise is access to your franchisor’s business model, systems, and processes. These things have been fine-tuned over time to simplify your operations, lower costs, and keep customers happy. Your franchisor’s business model is a roadmap to success.
• World-class training: Although conversion franchises are becoming part of a larger brand in their industry, there’s still plenty to learn. You’ll be thoroughly trained on all aspects of the business, giving you the knowledge and tools to thrive in the franchisor’s systems. Many franchisors, including Home Franchise Concepts, also offer franchisees the opportunity to pursue continuing education.
• Operational support and resources: Up until now, you’ve largely relied on yourself and your personal network along your entrepreneurial journey. By converting your business to a franchise, you’ll grow your safety net immeasurably. Your franchisor will provide day-to-day assistance at every stage of your franchise experience. As an added benefit, you’ll also be able to tap into the brand’s network of franchise owners. They’ve been in your shoes, and they’re happy to help.
• Improved finances: If you need financing, your franchisor can help connect you with a trusted lender. Throughout the life of your franchise, your franchisor’s considerable buying power can help you obtain inventory, equipment, and other items necessary to run your business at a much lower price.
• Brand recognition and marketing: Your franchisor has likely spent decades marketing their brand and growing awareness nationwide. Brand loyalty and awareness make it simpler to grow your conversion franchise, and you can take part in national and local marketing initiatives. With the power of your franchisor behind you, it will be easier to reach new customers and grow your brand.

Take the Next Step with Home Franchise Concepts

If you’re thinking about converting, or if you’re still weighing opening a franchise versus starting your own business, explore your opportunities with Home Franchise Concepts. Our family of brands includes 10 industry-leading concepts that suit any set of goals and skills. We’ve been helping entrepreneurs bring their dreams of owning a successful business to life for over 30 years, and we’d love to count you among them.

Take your business to the next level when you open a conversion franchise with Home Franchise Concepts. Submit a franchise inquiry form today to get started.