{"id":768,"date":"2022-09-13T08:58:00","date_gmt":"2022-09-13T12:58:00","guid":{"rendered":"https:\/\/expandsmtest.com\/franchiseking\/conversion-franchises-are-trending-upward\/"},"modified":"2023-02-13T15:27:47","modified_gmt":"2023-02-13T20:27:47","slug":"conversion-franchises-are-trending-upward","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/conversion-franchises-are-trending-upward","title":{"rendered":"Why Every Independent Business Owner Needs To Know About Conversion Franchises Now"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-41523\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-icon-1-320x175.jpg\" alt=\"conversion franchise image\" width=\"567\" height=\"310\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-icon-1-320x175.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-icon-1-620x339.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-icon-1-768x421.jpg 768w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/franchise-icon-1.jpg 999w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><br \/>\nHave you ever heard of a <strong>conversion franchise<\/strong>?<\/p>\n<p>If so, you probably don&#8217;t need to read this post.<\/p>\n<p>If not, you&#8217;ll be glad you did!<\/p>\n<p>Let&#8217;s do this.<\/p>\n<h2>What Is A Conversion Franchise?<\/h2>\n<p>This franchise type refers to an independent business that <strong>converts<\/strong> to a franchise business. But why would an independent business owner want to do this?<\/p>\n<p>For the potential of making <a href=\"https:\/\/www.thefranchiseking.com\/franchise-profits-how-long\"> more money<\/a>, because the business would be associated with a brand. A recognized name. Here&#8217;s what I mean.<\/p>\n<h2>A Conversion Franchise Business Example<\/h2>\n<p>Let&#8217;s say your the proud owner of a local dry cleaners.<\/p>\n<p>Business is pretty good, even with more competitors moving into the space, but it could be better.<\/p>\n<p>Enter <a href=\"https:\/\/tidecleaners.com\/en-us\" target=\"_blank\" rel=\"noopener\">Tide<\/a>\u00ae.&nbsp;As in Tide Dry Cleaners.<\/p>\n<p>Wait. You never heard of Tide Cleaners?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-41520\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tide-cleaners-store-300x300.webp\" alt=\"tide cleaners dry cleaning franchise\" width=\"424\" height=\"424\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tide-cleaners-store-300x300.webp 300w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tide-cleaners-store-620x620.webp 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tide-cleaners-store-150x150.webp 150w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tide-cleaners-store-768x768.webp 768w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tide-cleaners-store-600x600.webp 600w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tide-cleaners-store.webp 1080w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/p>\n<p>That&#8217;s okay.<\/p>\n<p>Have you ever heard of &#8220;<em>Tide<\/em>?&#8221;<\/p>\n<p>Exactly.<\/p>\n<p>A huge, recognized brand. Millions of consumers know it and trust it.<\/p>\n<p>So as a dry cleaner, why <em>wouldn&#8217;t<\/em> you want that name behind you?<\/p>\n<p>And guess what?<\/p>\n<p>Since you already own the space and the rather expensive dry-cleaning equipment, converting your <a href=\"https:\/\/www.thefranchiseking.com\/business-plans-franchising\">business<\/a> into a Tide Dry Cleaners would be <em>significantly<\/em> less money than opening one from scratch.<\/p>\n<p>Plus, there are so many things <a href=\"https:\/\/www.thefranchiseking.com\/franchising-good\" target=\"_blank\" rel=\"noopener\"> that make franchising good.<\/a><\/p>\n<h2>Tide Dry Cleaners Initial Fees<\/h2>\n<p>According to information I found on their franchising website, here&#8217;s how much it would cost you to start a Tide Cleaners franchise in your neighborhood.<\/p>\n<p>$703,500 &#8211; $1,477,400 for a Plant Store<\/p>\n<p>$718,500 &#8211; $1,492,400 for a Central Plant<\/p>\n<p>$145,150 &#8211; $565,500 for a Drop Store<\/p>\n<p>$90,950 &#8211; $274,100 for a Neighborhood Drop Store<\/p>\n<p>Now compare that to the initial store investment to convert a dry cleaning business to a Tide Cleaners franchise.<\/p>\n<p>Your cost ranges from $93,900 to $197,000. That includes a franchise fee of $10,000<\/p>\n<p><strong>Note:<\/strong> Total initial costs will depend on your current building, and what it may need for a full conversion.&nbsp;For more specifics, <a href=\"https:\/\/tidecleaners.com\/en-us\/blog\/converting-to-a-franchise\" target=\"_blank\" rel=\"noopener\">read this from their blog<\/a>.<\/p>\n<h2>Conversion Franchising Isn&#8217;t For Everyone<\/h2>\n<p>To me, in most cases, conversion franchises are a no-brainer. But they&#8217;re not for everybody.<\/p>\n<p>That&#8217;s because the personal traits and management style of the prospective conversion franchisee may not be a fit for the franchise model itself.<\/p>\n<p>That&#8217;s because of the numerous rules and regulations franchisees must follow, as stated <a href=\"https:\/\/www.thefranchiseking.com\/a-franchise-contract\"> in their franchise contract<\/a>.<\/p>\n<p>For example, the independent owner may be too set in her own ways to learn and follow a new business system. That would be a problem.<\/p>\n<p>That&#8217;s why the sales representative at franchise headquarters needs to be skilled at vetting out owners who would turn out to be a nightmare for the <a href=\"https:\/\/www.thefranchiseking.com\/what-you-need-to-know-franchise\">franchise<\/a> company.<\/p>\n<p>That said, if the independent small business owner is in enough pain, as in business isn&#8217;t good and the owner may be thinking about shutting down her business in the near future, she <em>may<\/em> be more open to <a href=\"https:\/\/www.thefranchiseking.com\/top-franchise-systems\">the franchising system<\/a>.<\/p>\n<p>And if she can save her business by converting it into a franchise business, it could end up being a win for her. And for the franchisor.<\/p>\n<p><b>FYI:<\/b> did you know that independent restaurants can sometimes be <a href=\"https:\/\/twinpeaksfranchise.com\/blog\/twin-peaks-franchising-converts-success\/\" target=\"_blank\" rel=\"noopener\">successfully converted into restaurant franchises<\/a>?<\/p>\n<h2>Another Example<\/h2>\n<p>I found a another example of conversion franchising on the <a href=\"https:\/\/tremblylaw.com\/what-is-a-conversion-franchise\/\" target=\"_blank\" rel=\"noopener\"><strong>Trembly Law website<\/strong><\/a>:<\/p>\n<p>&#8220;<em>Consider a mom-and-pop auto garage that has been doing routine tune-ups and minor collision repair for decades. The business was passed onto the son and daughter of the original owner a few years ago. The children enjoy running the business, but aren\u2019t as passionate about the nuts and bolts as their father. So, when they are approached by a chain about possibly opening up as a franchise location under its branding and operational procedures, they are interested and engage in talks with the franchisor, ultimately signing an agreement<\/em>.&#8221;<\/p>\n<p>Makes sense, right?<\/p>\n<p>To wrap things up, now that you know what a conversion franchise is, can you think of an independent business in <strong>your<\/strong> area that could use the type of jolt a strong franchise brand could provide?<\/p>\n<p>And if you owned a small business, would you do it?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you ever heard of a conversion franchise? If so, you probably don&rsquo;t need to read this post. If not, you&rsquo;ll be glad you did! Let&rsquo;s do this. What Is A Conversion Franchise? This franchise type refers to an independent business that converts to a franchise business. But why would an independent business owner want [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":41523,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[2122],"tags":[181],"class_list":["post-768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-choose-a-franchise","tag-conversion-franchises"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Conversion Franchise Can Be A Win-Win<\/title>\n<meta name=\"description\" content=\"Do you know what a conversion franchise is? Find out from The Franchise King\u00ae. 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