Written by
Matt Frentheway

10 Reasons Franchising Is a Great Retirement Plan

Have you ever dreamed about retiring early?

You're not alone. I see people in their 30s, 40s, 50s, and 60s seeking to escape the 9-to-5 grind.

Franchising is a fantastic path to early retirement.

Let's dive into the 10 reasons why.

1. You get to set your schedule.

Franchising frees you to design your own schedule.

If you're interested in early retirement, then this is probably a top priority for you.

Imagine earning a significant income with minimal time commitment. Imagine living your life with your business earning income for you on the side.

This is probably the #1 motivator for millions of franchise owners in America.

2. You get to control your destiny.

Owning a franchise, you control your future.

You're not at the mercy of corporate decisions that prioritize the bottom line over you.

You'll be able to decide:

  • How to navigate economic changes
  • How to reinvest your profits to meet your lifestyle goals
  • How to align your business with your personal values

3. You get to achieve goals.

Probably since you were a teenager, you had goals and structure.

And, if you're like me, you're competitive. You like to achieve those goals, and you like to win.

Retirement often means stepping away from that. If you're a Type A person, it can be discombobulating, demotivating, and actually boring.

If that sounds like you, then you may not want to lose that part of your life.

Owning a franchise as a retirement strategy allows you to set new objectives and feel the gratification of achieving your goals.

Picture yourself:

  • growing your business
  • mentoring employees
  • getting recognized by your franchise network

When you own a franchise, you don't have the 9-to-5. But you still have a field you can play on in your retirement years.

4. You get to stay mentally sharp.

Are you concerned about your mental health in retirement?

Conventional retirement planning often ignores the fact the retirees benefit from mental stimulation.

Have you ever noticed people who were incredibly sharp and active until they retired? Some people, after they retire, immediately started declining. When your brain isn't challenge, it stops working as well. That makes you more vulnerable to dementia and an earlier death.

Running a franchise keeps your mind active and engaged. It gives you the right balance of challenge and leisure. You can tackle the complexities of business management while still enjoying ample time to relax and pursue personal interests.

5. You get purpose and meaning.

Hobbies can be enjoyable, but they rarely provide the level of purpose your career once did. Likewise, travel and entertainment can be great, but entertaining yourself likely won't entirely fulfill your desire for meaning.

A franchise fills the gap. You get to solve problems, devise strategies, and help people. If a problem ever gets seriously vexing, you can turn to your franchisor for support.

To me, this isn't work. It's fun.

When you have a sense of purpose, you're happier. Plus, on average, you'll also live longer. Those are two pretty big perks!

6. You get to be part of a community.

Many retirees feel isolated. They're not crazy. They are isolated!

Franchising opens the door to a vibrant community. You'll work with:

  • Fellow franchisees
  • Your franchisor
  • Your employees
  • Your customers
  • Local vendors
  • Other entrepreneurs

You probably noticed, the main differentiator here between a traditional business and a franchise is the inclusion of your franchisee peers and your franchisor.

These people are here to:

  • Support you
  • Mentor you
  • Connect with you on multiple levels

Whether through regular franchisee meetings, one-on-one mentoring sessions, or casual coffee chats, the connections you make as a franchise owner can rival or best those from any corporate career.

Plus, managing your team means you’ll continue to guide and impact others’ lives.

7. You can earn high income on your own terms.

The corporate world often demands a trade-off: high income means high stress.

High stress means less time for your personal life. And sometimes a complete inability to disconnect.

Franchising flips this script.

Imagine earning a substantial income while dedicating just a fraction of your week to work.

With a franchise, you follow the franchise's instructions to hire and train a solid team. Then you can oversee your business without getting bogged down in day-to-day tasks.

You get high income, while keeping your stress levels comfortably low.

Sometimes I meet people who tell me they just don't care about having more income. They don't need it. If that's you, I have to say – congratulations. It's pretty neat to be in that position.

Still, would it hurt to have more cash flow to enjoy during your travels and time off? To donate more to your favorite charities? To help your grandkids with college now that tuition is $100k/year?

I don't mean to make you greedy. But in my experience, there are always more good things you can you can buy when you have the resources to comfortably afford them.

8. You get to choose from many options.

There are over 3,000 franchises in all kinds of sectors: beauty, wellness, child enrichment, fitness, food, home & business services, real estate, etc.

Learn2Franchise has reviewed over 3,000 franchises and narrowed our list down to the top 200 that work well for executive owners.

These are brands with tested and proven business models. And, 'm happy to tell you, there are excellent options for all kinds of people.

You need to have $75k of liquid capital, $150k of net worth, and be willing to work 15 hours a week in your business. But, if you meet those qualifications, I can almost certainly find a great business that aligns with your experience, financial capability, and management preferences.

9. You can probably afford it.

Many people assume franchises require a hefty initial investment.

The truth is, there are many thriving franchises where the buy-in is as low as $50k.

Plus, you can choose from many financing options to get started.

10. You can find a recession resistant franchise.

One of the biggest fears about early retirement is financial insecurity, especially during economic downturns.

Franchising addresses this concern head-on with recession resistant options that are known for resilient business models. Look for franchises in essential services or those that are home-based. These will ensure a steady income flow even when the economy takes a hit.

And, if you're worried about starting a business in a recession: Don't be.

Inflation and rising interest rates have not significantly impacted the affordability of opening a franchise. Plus, there are many reasons today is a fantastic time to open a business.

Plan Ahead for Your Success

As you can see, a franchise business can give you an awesome lifestyle.

You don't need to completely shut down your professional activity when you retire.

It's possible to have your cake and eat it, too. Freedom and structure. Leisure and purpose. Relaxation and excitement.

It can even help you live longer by providing mental stimulation, meaning, and community. How many investments offer that?

Franchising has a long history. If you'd like to be part of it and explore the most exciting brands available today, schedule a 15-minute call with me.

Whether you want an active role in a new business or a more hands-off approach that frees up your time, I promise, there's a wonderful franchise for you.

Let's see what's available in your territory. 😊

Word to the wise – start as soon as you can!

Matt Frentheway

As a successful franchisee and entrepreneur, I can help you find the best opportunity to realize your dream of being a profitable franchise owner. Using my proven process as a franchise consultant, we’ll define your goals, narrow the field, and select the best franchisor for you to achieve financial freedom.