décembre 9th, 2024 | Franchising 101
Ownership of a franchise is a big and exciting undertaking. A semi-absentee franchise ownership offers the opportunity to start and run a new business while still maintaining other pursuits.
What is Semi-Absentee Ownership?
A semi-absentee franchise owner is someone who owns a franchise but does not actively manage its day-to-day operations. This type of franchise ownership allows for more freedom and flexibility compared to being fully involved in the business. Once the business is up and running, semi-absentee ownership typically requires a time commitment of 10 to 20 hours a week. As opposed to a full-time business, a semi-absentee franchise gives owners the freedom to choose how and where they spend their time.
Semi-absentee owners typically rely on the help of a general manager or other staff to cover day-to-day operations while they support the business financially. Attaining success with a first franchise location can open the door to purchasing more units. Most semi-absentee owners will have had previous franchising experience, thereby possessing the confidence and skills to oversee their business from afar while entrusting daily operations to qualified employees.
How does it work?
Many semi-absentee franchises are brick and mortar, such as hair salons, kiosk-based concepts, and even some restaurants. In many cases, the owners may not be experts in a given field (such as hair styling), but recognize a winning business opportunity and leave the operations in the hands of their hired professionals. Not all types of businesses fit the semi-absentee model, and it’s important that you recognize the difference before committing. Regardless of how much time you spend on site, it is essential that your staff feels supported. The key to semi-absentee ownership is a clear line of communication between owner and onsite staff to make sure that everything runs smoothly and successfully.
Is a Semi-Absentee Franchise Right for you?
Semi-absentee ownership is well suited for individuals who want to maintain their current jobs or responsibilities while seizing the opportunity to build a new business.
Prospective franchisees don’t have to give up their day jobs to become semi-absentee owners, but this model of ownership offers a level of freedom and potential that your regular job might be lacking. As long as you’re willing to put in the effort and keep an open mind, the possibilities are endless.
One tradeoff as a semi-absentee owner is that it may take longer to generate income compared to a full-time commitment. It makes sense—the more time and energy you put into your business at the outset, the quicker operations will ramp up. One benefit of semi-absentee ownership is that while you may be more likely to hire other individuals to facilitate and run your business, you have the option to participate as much as you like.
Can I Run Multiple Franchises as a Semi-Absentee Owner?
If you plan on opening multiple franchise locations, it is essential that you do so sequentially. Launching more than one business at the same time, even if they are structured as semi-absentee, takes a tremendous amount of time, effort, and mental power. It makes more sense to find the right franchise opportunity, get in the flow with your staff and your franchisor, and then, use that as a jumping off point.
Home Franchise Concepts Offers Semi-Absentee Franchise Opportunities
Home Franchise Concepts has 30 years of franchising experience as one of the largest networks of home services brands in the nation: Budget Blinds®, The Tailored Closet®, PremierGarage®, Concrete Craft®, AdvantaClean®, Lightspeed Restoration®, Kitchen Tune-Up®, Bath Tune-Up®, Two Maids®, and Aussie Pet Mobile®. Some of our brands are well suited to semi-absentee franchise ownership while others are better suited as owner-operator models. Either way, Home Franchise Concepts is the perfect home for entrepreneurs looking to capitalize on the lucrative home services industry with one of our award-winning business models.
Franchisee pride and satisfaction is a huge part of what makes Home Franchise Concepts brands so successful, therefore we prioritize your needs and goals and support you every step of the way.
To learn more about our family of brands, fill out this form and one of our franchise advisors will contact you.