Family Financial Centers is Just One of 100 Companies Named a 2023 Top Low-Cost Franchise
by Franchise Business Review!
News provided by: Family Financial Centers, LLC June 6, 2023
Family Financial Centers, LLC (FFC) was identified by independent franchise research firm, Franchise Business Review, as a 2023 Top Low-Cost Franchise. FFC is a network of community-based financial service centers that offers retail banking services and provides neighborhood financial products to the general public and businesses.
Franchise Business Review (FBR) provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. FBR publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in quarterly reports throughout the year that rank the top franchises in specific sectors.
Nearly 12,000 franchisees representing over 135 low-cost brands participated in Franchise Business Review’s franchisee satisfaction survey over 18 months. The brands that were named to the list of the best low-cost franchises to buy had to have high franchisee satisfaction at the time their franchisees participated in FBR’s satisfaction survey.
FFC franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, culture, and financial opportunity. “One of the most common myths around buying a franchise is that it’s too expensive. But what many people don’t know is that there are a number of very solid business opportunities out there that can provide the satisfaction and perks of business ownership but don’t require a huge financial investment,” said Eric Stites, CEO of Franchise
Business Review. “Approximately one-third of the franchise companies we survey have initial investments starting under $100K, and with financing, many can be started for as little as $15-$20K, with a few options starting under $10K. More importantly, the franchises that made this year’s list of the Top Low-Cost Franchises have average owner satisfaction 12% higher than our industry benchmark, making them all excellent options for entrepreneurs considering franchise ownership.”
Paul Eckert, Founder and CEO of Family Financial Centers says, “As we continue to maneuver and face challenges in today’s world, being recognized as a 2023 Top Low-Cost Franchise is significant. I am very appreciative to receive this award and I credit the entire team at FFC on this achievement!”
About Family Financial Centers Family Financial Centers is the "Quantum Leap" forward in the evolution of the alternative financial service center. There are approximately 14 million Americans today with no bank account. Family Financial Centers have the systems, ambience and professionalism of a traditional bank and can offer a full array of financial services including check cashing, money orders, wire transfer, tax preparation services and more to those 14 million Americans. For over 20 years, Family Financial Centers has been committed to raising the standard for alternative financial service centers, in both their product offerings and the way they are delivered to consumers.
Family Financial Centers goal is to be the best community-based financial service enterprise in America by servicing their customers beyond their expectations. On a day when most organizations “over” promise and “under” deliver, Family Financial Centers stand out as the industry leader in service and integrity.
Family Financial Centers have opportunities nationwide for entrepreneurs who want to own a high- tech, community-based, financial services franchise to serve unbanked or under-banked people and small businesses in America.
For more information about Family Financial Centers visit familyfinancialcenters.com. If you are interested in franchise opportunities in your local area, visit ffcfranchising.com or call 877-236-5508.