First, I'm biting my nails wondering if purchasing my own franchise is something that could really happen, then all of a sudden it's already happening. Also, I'm in a bit of a bind/crossroads because too many options have now presented themselves. Here's what I see as my six options at the moment. I can:
1.] Purchase a refranchised Sylvan Learning Center from corporate.
2.] Get a territory from corporate.
3.] Invest in a territory from another individual or broker.
4.] Finance an existing Sylvan from an individual owner. I've got some brokers looking into this for me.
5.] All of the above. Go gung ho, explore ALL of the above options, then make a more informed decision.
6.] None of the above. Hold off for now, 6 months to 2 years, build up some "personal reserves" of $$$, get more experience with Sylvan, selling, managing, marketing, etc. <-- was my original plan
So far, I've only really made any headway with #1, and the numbers are not exciting enough to entice my investors. Please, your comments.