Whether franchising is a better way to open a new business depends on the individual circumstances of the business owner. Franchising can have some advantages and disadvantages compared to starting a business from scratch. Here are some factors to consider:
Advantages of franchising:
- Proven business model: Franchising allows you to use a business model that has already been proven successful, which can reduce the risk of failure.
- Brand recognition: Franchise businesses often benefit from brand recognition and marketing efforts that have already been established by the franchisor.
- Training and support: Franchisees receive training and ongoing support from the franchisor, which can be helpful for those who are new to business ownership.
- Easier access to financing: Franchise businesses may have an easier time securing financing because they are perceived as less risky by lenders.
Sugaring NYC franchise offering was released in June 2017 becoming one of the fastest-growing beauty franchises in the United States, with over 85 stores open by the end of 2022. A transparent business model, simplicity to open and operate, and great return on investment – all these factors add up to Sugaring NYC’s success, making it a very attractive business investment.
This is how a multi-unit owner Dylan P. described his experience of being a Sugaring NYC franchisee:
I opened the first Sugaring NYC in Dallas, TX in February 2020 and have not had any regrets! Prior to opening, I felt like I could reach out to the Sugaring NYC team at any time to go over any questions or concerns I had while building our location. Since opening, I have had full support to help grow my revenue/business, have received same-day answers to any questions that may come along, and have truly felt heard when I give any suggestions to the Sugaring NYC Corporate team. I believe in the product and overall business that Sugaring NYC offers to all franchisees as there has not been a day where one of our clients has walked into our store and not said “Wow this salon is so beautiful!” or “I’m definitely sticking with Sugaring and not going back to my old waxing salon.” Overall, I’m excited to see what the future holds for Sugaring NYC and I’m glad to be part of the team!
Local government units and chambers of commerce continuously support each new Sugaring NYC grand opening and owners. We bring the value to every commercial plaza and cities by providing jobs, paying local taxes and contributing to communities in many different ways.
Learn more about Sugaring NYC’s Franchising offering and submit your request for initial information package from our Franchising section HERE.
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