If you’re already a successful business owner, you might be wondering if franchising is right for you. You’ve already made it this far, after all. But it’s possible to have the best of both worlds – your original business and a franchise opportunity.
This is where franchise conversion comes into play. Several conversion franchise examples can help tell the story of what’s possible when you choose this next step for your business.
What is Franchise Conversion?
Franchise conversion happens when an existing small business rebrands by partnering with a larger franchise. Much of the original business remains the same. But after converting to the franchise name, the business might streamline its operating procedures, integrate new equipment or add products or services to align with the overall franchise system.
When you convert to a PuroClean franchise, for example, you get important benefits, like bigger brand name recognition, opportunities for business development, a larger potential client base, state-of-the-art technology and more support.
What Does Converting a Business to a Franchise Involve?
The franchise conversion process is simple. You’ll meet with a PuroClean development director to address all questions. After reviewing the Franchise Disclosure Document and completing a three-week training at the PuroClean Academy in Tamarac, Florida, you’ll be well on your way. As you start your franchise conversion process, you’ll also get access to our brand identity guide, marketing resources and even our public relations.
If you’re already a successful restoration business owner, this tactic can be an excellent way to grow and evolve in the industry.
But this process isn’t just something within the home restoration industry. There are many conversion franchise examples to draw from. Sectors like real estate, hospitality and even professional services (like plumbing or HVAC) often use conversion franchising.
What are Some Conversion Franchise Examples?
You might be surprised at some of the well-known companies that use the conversion franchise model. For example, Ace Hardware is a common one. Entrepreneurs who have their own hardware stores — or inherited one from past generations — can convert their business to an Ace Hardware and receive the support and recognition of a popular brand.
Nathan’s Famous hot dogs (of National Hot Dog Eating Contest lore) also has a conversion program for restaurant owners.
Hotels make up some important conversion franchise examples, too. For instance, an independent hotel might convert to a Marriott, one of the most well-known brands in hospitality.
How to Get More Business as a Restoration Professional
If you’re already a business owner, you know the struggles of sales and marketing. It likely has taken you years to build your business into what it is today. To continue growing in the industry, converting to a franchise could be an important next step.
Franchise business opportunities are often higher reward and lower risk than handling everything completely on your own. Especially during economic uncertainty, the strong foundation of a franchise offers peace of mind.
Unfortunately, there will likely always be accidents, natural disasters and other events that cause home damage. For as long as that’s the case, homeowners need help with restoration. That’s why owning a restoration franchise is such a recession-proof business. In fact, restoration is one of the top 10 franchise categories, according to Entrepreneur.
So, if you already have a successful restoration business and are looking to take the next step, there’s no time like the present to become a PuroClean franchise owner. From real estate to food and retail stores, business owners all across the country have converted to franchises and reaped the benefits. If these conversion franchise examples have inspired you to get started, find out more and contact our team today.