Experienced multi-unit franchisees advise those contemplating becoming one to think long and hard about doing so prior to taking the leap. They know that being a successful multi-unit franchisee requires a certain type of personality, financial wherewithal, and corporate support. It’s crucial to do extensive research to determine if a franchise brand can properly support you as a multi-unit operator and to understand what it is like being a multi-unit operator.
Franchise Business Review recently surveyed 9,125 multi-unit franchisees representing 317 franchise brands to determine the brands that had high enough franchisee satisfaction to make its 2017 Top Multi-Unit Franchises list. Brands that made the list such as Checker’s & Rally’s, Miracle Method Surface Refinishing, Right at Home, Sport Clips and TWO MEN AND A TRUCK highlight the wide array of franchise sectors that exist.
Below are findings from the firm’s research that shed light on what its like to be a multi-unit franchisee.
Traits of Multi-Unit Franchisees
- 65% male
- ?24% female
- 11% male/female partnership
- 67% have bachelors degree or higher
- 22% have an advanced degree (overlap with above)
- 20% have no college degree
Multi-Unit Franchise Owner Pre-Tax Income Data
Based on # of Units
- 2 units - $98,300
- 3 units - $123,400
- 4 units - $138,300
- 5+ units - $177,300
Based on Years in Business
- <2 years - $59,200
- 2-5 years - $87,500
- 6-9 years - $132,900
- 10+ - $191,800
Top Three Most Lucrative Multi-Unit Franchise Sectors
- Real Estate
- Senior Services
What Multi-Unit Franchisees Think About Their Franchising Experience
To learn what to look for in a franchise from a multi-unit investment perspective, how to finance multi-unit expansion, and receive advice from both multi-unit franchisees and franchisors regarding achieving multi-unit success, read Franchise Business Review’s Top Multi-Unit Franchises guide.