Franchising is often a misunderstood concept. Entrepreneurs may focus on more expensive opportunities without realizing that there are more attainable options. Reporter Lisa Scheid believes that although leverage is important, it also takes a business savvy opportunist to recognize the challenge of running a successful franchise.

In order to succeed as a franchisee, one must understand the business acquisition and retention processes. Franchising is more than just selling a product; there are more nuances involved.

According to Jeff Vickers, Which Which Senior VP of Development, franchisees should be active in their local communities to build a brand awareness.

Which Wich specifically looks for franchisees who want to own multiple locations because it gives them control of the market, Vickers said in an interview with the Reading Eagle.

To become a Which Wich franchise owner, the total investment costs around $325,000.

"We have built a relationship with preferred lenders to where they are already sold on the brand," Vickers told the Reading Eagle.

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Nick Powills

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Nick Powills

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Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.