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Impressive
I met recently with Kevin Cushing, chief mucky-muck at AlphaGraphics out in beautiful Salt Lake City. During the course of our conversation, Kevin told me that the renewal rate within the system was 100%. I was absolutely floored! Having done work with franchise owners for years, I can tell you that they have the same attitude about their mother ship organizations as boat owners: The two happiest days in their boating lives are the day they buy and they day they sell (or in this case, complete their obligation). I know owners who paper chain the day they can defranchise as if Christmas were coming. Can you imagine ponying up a percentage of your sales (not profits, mind you, but sales) each month? You can't help but see that check as increased profits once the Big Day comes! |
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