On the last video, we talked about why to partner with a barre franchise.
Now, let me tell you about some of the biggest dangers of partnering with a barre franchise:
- high start up costs
- limited independence
- ongoing royalty/advertising fees
- unfair termination
- franchisor mark-up
Does that sound like something you want?
A barre franchise contract is designed specifically to protect the franchisor, not you!
If you decide to partner with a barre franchise – their initial franchise fees are completely non-refundable. The start up costs are non-refundable.
Or in the case of encroachment – Imagine working REALLY hard and building up your loyal client base… only to have your franchisor put a competitor in your back yard.
Royalty/advertising fees are ongoing, and the way it works is the more you make, the more they take.
As a franchisee – You will have limited independence. This means you will have rules and regulations on how you can run your business- the business you’ve put so much time, effort and money into!
Franchise mark up means you can often only buy their products – at their predetermined prices – whether it’s best for you or not.
But one of the things that many potential studio owners don’t realize is this… If you have multiple locations, that means multiple franchise fees. You are being penalized for being successful and working hard.
When you look at it – the benefits of a barre franchise seemed really nice – before we knew the pitfalls and expenses.
My goal is to help you open your own successful barre studio – WITHOUT the fees and rules of a barre franchise!
Watch our video above to learn more about why women are leaving corporate America to open their own businesses and take more control over their lives! If you would like to schedule a free consultation to discuss opening YOUR own barre studio without the fees and rules of a barre franchise, contact me today to schedule!