Many Americans mistakenly believe entrepreneurship is out of reach. Knowing that only half of small businesses remain open after the first five years, people balk at the risk. Initial startup costs also play a role in compelling them to snuff out their dreams and continue climbing the corporate ladder.
Fortunately, there is an alternative path. Franchising is not limited to fast-food restaurants and fitness centers with million-dollar price tags. Franchising allows everyday people the chance to achieve self-sufficiency and financial freedom as small-business owners. The franchise industry is slated to end 2022 with 792,000 locations in the United States, up 17,000 units from the year-ago period. Franchise businesses are on track to generate $826.6 billion in 2022, an increase of 4.9% in 2021.
Franchising offers numerous investment opportunities to fit a wide variety of budgets, and financing for proven brands is attainable. Investing in a franchise gives newly minted entrepreneurs the chance to open their own business with a recognized brand and operating processes designed to help minimize risk. They provide the business plan combined with ample training and ongoing support to ensure a new location generates a profit.
CCI Provides Opportunity in Leather Industry
Successfully transferring your leather crafting hobby into a business is possible with the right guide and business model. Many struggling artists turn to online retailers like Etsy to showcase their creations or sell their wares at local craft fairs. Turning a side hustle into a profitable business can be a challenge. Becoming a small-business owner takes hard work, dedication, and leadership — it also takes expertise and experience. CCI, the mobile leader in leather and vinyl repair, has the roadmap you need to follow to learn how to start a leather business successfully.
If you are considering opening a leather franchise, CCI offers the franchise advantage. CCI leather care professionals specialize in fixing burns, tears, cuts, fading, and discoloration in leather and vinyl. They are trained to provide services to residential customers and area businesses. Jim and JoAnn Foster started the engine of their first mobile van in 1980. Seeing a niche for expansion, the company started franchising in 1991 and now operates and franchises more than 125 vans across the country. During its long history, CCI has received numerous accolades, including one of the top franchises for under $100,000 by Entrepreneur magazine.
Partnering with CCI can help you turn your love of leatherwork into a thriving business that will provide a legacy for your family. They’ve done all the research involved with budgeting, marketing, and training to set your shop up for financial success. Here are some of the steps you need to follow to get your business up and running.
- Find Your Target Demographic. CCI is a service franchise with multiple revenue streams. CCI’s business model allows its franchisees to build a robust B2C business by providing services to residential customers. Their service technicians travel to homes to make repairs on-site for convenience. To offer an alternative source of income, CCI franchisees have the opportunity to build a robust B2B business with establishments in their local community. CCI franchisees service a wide variety of industries, including automotive, marine, aviation, and commercial. During the pandemic outbreak, the company added sanitizing services to its lineup to allow franchisees another tool to build their loyal customer base. Once you determine your target audience, CCI can help you get started adding customers with its robust marketing program.
- Establish a Budget. The total initial investment for a mobile CCI franchise starts at $86,980. It includes the down payment cost and setup of your van, pre-opening travel, insurance, home office supplies, working capital, and other expenses. Having all of the supplies you need to get the job done in the van cuts down on startup costs and eliminates the hassle of finding a brick-and-mortar storefront. Our franchisees typically take care of administrative aspects of the business from a home office, which helps provide a flexible schedule and offers the work-life balance many hard-working Americans crave.
- Secure Financing. Finding financing to get your business up and running can be a challenge, especially if you are starting a business from scratch. CCI formed partnerships with third-party lenders to help make your dreams a reality. One of their partners, Enterprise Fleet Leasing, assists with acquisition, resale, accident repair, maintenance, and other fleet concerns. In addition, Enterprise provides consulting services to help you prepare for expansion.
- Learn Service Techniques. One of the biggest advantages of pursuing franchising is having access to ongoing training and support. In addition to an intensive, three-week training program at its corporate headquarters, a field representative spends one week with you as your van gets rolling. The company stays abreast of new developments in the industry, holding regional meetings, technical seminars, and an annual conference to keep franchisees up to date. CCI also offers a toll-free technical support line for tough jobs.
Put your future in gear and learn how to start a leather business to achieve your dreams. Learn more about investing in a CCI franchise and get connected with one of our franchise business consultants by clicking here to request franchise info.