March 10, 2020
Did you know that multiple unit ownership is one of the most popular types of investments in the franchise industry? Multi-unit operators now control 54 percent of all franchise units. At PrimoHoagies, not all our sub sandwich franchises are owned by investors with multiple locations, however, there are incredible benefits from taking this approach. Whether you’re simply burned out by the corporate grind or looking to take your skills in restaurant management to new heights, let’s talk about how a multiple unit ownership opportunity could work for you.
1.Growing Your Portfolio
An investment in PrimoHoagies could be the perfect complement to your existing investments in the fast-casual space. Do you already own an ice cream franchise in your area? Or maybe you opened a breakfast spot but want to bring in more sales throughout the remainder of the day. For investors looking to diversify their portfolio without taking sales away from their existing businesses, opening a sub sandwich franchise could be the perfect fit. This kind of investment is becoming a norm in the franchise space, people are investing in multiple streams of revenue now more than ever. PrimoHoagies’ subs bring not only the distinct flair of Philly flavor but also a really unique story to the sub sandwich scene. Taking advantage of our multiple unit ownership opportunities could help you increase consumer awareness and create a following in your own market.
2. Generating Regional Buzz
In 2002, PrimoHoagies launched a new growth campaign that was designed to build a following on the eastern coast of the United States and grow the brand we started in South Philadelphia. This gradual approach to expanding our reach is already paying off, and as we started moving south, it has become clear that our brand can become an instant hit in uncharted territories. Our team at PrimoHoagies is looking to build on that momentum by offering western expansion opportunities for multiple unit ownership. PrimoHoagies is excited to bring our classic creations to consumers who are searching for a real Philly taste without taking a trip to the City of Brotherly Love. By opening multiple locations, you can take ownership of a market that PrimoHoagies has yet to tap into and start generating future growth of your own.
3. Multiple Streams of Revenue
One reason investors consider multiple unit ownership is because it instantly opens multiple streams of consistent revenue. Let’s say you own a single sub sandwich franchise location and you run into a string of slow days. An unexpected lack of foot traffic in one restaurant could really hurt your return on investment. Multiple unit ownership makes situations such as these are more manageable — if one location isn’t doing great one day, your other locations can pick up the slack. Better yet, if all your locations are booming you can count on a steady stream of income and healthy profits.
Would you like to learn more about owning multiple sub sandwich franchises? There are some incredible benefits to multiple unit ownership! Contact us today and learn why PrimoHogies is the right brand for multi-unit investors.
