One of the primary motivations is that multi-unit ownership diversifies the risk of your investment. By buying into a franchise spread across multiple regions, entrepreneurs are not completely dependent on the economic performance and health of one major city.
Even better, when one franchise does well, the multi-unit owner can use it as an effective marketing tool and testimonial to boost their other locations. Multi-unit investments can provide a safety net, a marketing asset, and an additional revenue boost that single-unit franchises don’t offer. This is particularly true for Pedal Pub, as our tours serve as advertisements to other people in the city who will to enjoy a similar experience the next time they travel somewhere new or have a group outing.
Multi-unit opportunities allow entrepreneurs to leverage established systems, processes, and branding across different consumer bases. This increases their chances of building a more efficient and profitable business. With each additional unit, economies of scale often kick in, reducing per-unit costs and driving revenue across the franchise locations.
Multi-unit investments also hold greater potential for passive income streams. Once operational, well-run units can generate ongoing revenue even as the franchise owner splits their day-to-day involvement among several different ventures. Pursuing multi-unit franchise opportunities can rapidly expand the market reach of a franchise and increase its overall impact and influence within its industry.
A Pedal Pub franchise not only gives you a fantastic chance to form strong connections with local business leaders and consumers, but it also gives you the ability to expand to new markets! A multi-unit investment with Pedal Pub can help you bring a unique Experiential Tourism franchise to a major city near you!
