Can You Get Wealthy Owning a Single Franchise Unit?

In April, 1851 Franchise conducted research showing that the salary range of a non-franchise restaurant owner can range from $24,000 to $155,000. This wide margin shows that different kinds of franchises are equipped to handle multi-unit ownership better than others, as a $155,000 salary suggests a business owner has to spend more time working.

It also shows that a single unit can bring wealth for a lot of franchise owners. Not everybody needs to own multiple franchises to earn a six-figure salary.

Multi-unit franchise ownership is a challenge for many business owners, as each franchise needs individual attention. Single-unit ownership is often a better means for business owners looking to enter the franchising industry, as it allows them to devote their attention to a single operation without demands from multiple locations.

An absentee franchise ownership model is often best equipped for multi-unit owners, but the largest single-unit revenue models are often the businesses that require full-time ownership demands.

Owning multiple franchises also comes with multiple up-front franchise payments, which may cause several business owners to shy away from this form of ownership. Startup funding can cost six or seven figures for certain franchises, which is another hurdle for those looking to create a diverse revenue stream. The end goal for multi-unit owners is to develop a sustainable form of income, but it can be tough to get wealthy right away with so much money committed toward getting off the ground.

Short-term wealth is often better equipped for single-unit ownership, but a franchise owner can also generate long-term revenue through a single franchise with an established strategy in place.