Become a part of one of the fastest growing businesses of the last decade. The Gold Buyers of Pittsburgh is the premier precious metals buyer in Western Pennsylvania. The Gold Buyers of Pittsburgh has a proven business model which has allowed the company to grow into the largest in the region. The company is now offering individuals the opportunity to become a part of our growing team. The price of gold and other precious metals has had historic increases over the last ten years and many believe this will continue due to the instability in the dollar and mounting problems of many European economies.
Top 10 Reasons to Buy a Franchise
Buying a franchise can be a life-changing experience. There are many reasons why you should fulfill your dream of becoming your own boss and open a franchise. The following reasons to buy a franchise will help you to understand why it will be a great investment.
Turnkey Business
There are many entrepreneurs that have exactly what it takes to run a successful business but don’t have what it takes to get their business up and running. Whether it be financing, negotiating lease terms or even the confidence it takes to quit their job and start their own business.
Buying a franchise eliminates all the hard work: finding a location, negotiating a lease, hiring reliable contractors and doing all this on-time and within budget. When you buy a franchise you are buying a complete turnkey business.
Proven System in Place
When you buy a franchise you buy a system. All franchises have an already-established system in place that you must follow. These systems are designed to improve the overall productivity and increase sales of each franchise. Having a proven system already in place eliminates the guesswork and errors a common business owner would normally face.
Higher Likelihood of Success
Buying a franchise is very different from starting a mom-and-pop business. Since there is an already established system in place, there is a higher likelihood of success. If you follow the system the franchisor has put in place, you should be on your way to running a very successful business.
Corporate Image and Brand Awareness
If you buy into a franchise system that is already established the corporate image and brand awareness is already recognized. Customers are usually more comfortable purchasing items they are familiar with and working with companies they already know and trust.
Easier to Obtain Financing
Lenders are usually very comfortable financing the purchase of a franchise because they already have a proven track record. Bankers usually look at successful franchise chains as having a lower risk of repayment default and are more likely to loan money based on that premise. In addition, some franchise systems even provide in-house financing and/or leasing options.
Training
Most franchise companies offer a 1-4 week training program that is usually held at their corporate offices or at an actual franchise location. This is what makes franchises stand out from every other business or business opportunity. The franchisor will train you to run your franchise exactly the same way their other franchise locations are run. This will ensure that you are running your business efficiently and will help to eliminate any common mistakes a new business owner usually faces.
Ongoing Support
When you buy a franchise you are never alone. You will always have the support of the franchisor and the support of knowing you are part of a growing family. You will always be able to pick up the phone and ask questions to the franchisor or even to other franchisees.
Marketing
There is usually no need to worry about advertising your franchise. The franchisor usually takes care of handling all of the marketing. If the franchisor does not handle the marketing, they will have an outline for you to follow and sometimes specific vendors that will have systems in place for you to use.
Exclusive Territory
When you buy a franchise you are also buying an exclusive territory in which to do business. Franchisors will only allow a certain amount of franchises to be open within a certain geographical region. You will be entitled to a certain area and no other franchises (within your franchise system) can be open within that area.
Own Multiple Locations
Being a part of a franchise system will always offer you more opportunities to grow within the system. Once you have become a successful franchise, owner the next step is to become a multi-unit franchise owner.
Why should you open a The Gold Buyers Franchise…
The popularity of Cash4Gold.com’s mail in business and television shows such as Pawn Stars has paved the way for local brick and mortar precious metals buyers. These shows have legitimized this business model and allowed individuals another avenue to cash in their unwanted valuables in a time when many need quick cash during the economic recession. This has helped the industry thrive achieving 30% growth in 2009 alone.
The secondary scrap gold business alone in the US produced around 60.8 metric tons of gold last year, which is 1.9 million troy ounces. This is only what was reported through legitimate refineries that follow the US Patriot Act. This makes the scrap gold business alone a $3.7 trillion dollar business in the United States. If you add in silver and other precious metals it probably exceeds $8 trillion dollars. The US makes up about 10% of the scrap business worldwide so the total scrap business for precious metals exceeds $100 trillion dollars!
The demand for gold and silver is at a all time high and due to the high costs of mining ($400-$600 per ounce) plus the prohibitive time involved and environmental impact of the mining industry have pushed many wholesalers, banks and refiners into looking at the secondary scrap market to recycle existing gold, silver and platinum. The scrap business consisted of 40% of all the gold refined in 2009. We feel this business will continue to grow as demand for gold, silver and other precious metals sees no signs of slowing down.
