Baby Boomers Choosing the "New Retirement" - Franchise Business Ownership

Now, More Than Ever, Baby Boomers Are Transferring Valuable Acquired Skills to
Their Own Franchise Businesses
LOUISVILLE, Ky.--(Business Wire)--
No matter how baby boomers - individuals born between 1946 and 1964 - move on
from corporate careers, some simply don't want to "retire" in the traditional
sense. This is fueling the trend in business ownership among the baby boomer
population.

In fact, a study done by AARP has estimated that one-third of the 16.5% of
workers age 50 and older eventually go into business for themselves. A large
number of these business owners choose to invest in a franchise over riskier
start up businesses because the ramp up time can be shorter with a turn-key
system such as a franchise.

"The key to business ownership for those nearing retirement age is a quick time
to turn a profit," explains Jania Bailey, president and COO of FranNet, an
international franchise consulting firm. "After all, there's no time to waste
when the trial-and-error days of youth are behind you."

With a franchise, there is also the advantage of training and support to help
the business see a return on investment as quickly as possible. That made sense
for John Sylvia, a new owner of the consulting franchise Expense Reduction
Analysts (ERA) in Gladwyne, Pennsylvania. Sylvia worked with Dan Citrenbaum, his
local FranNet consultant, to purchase the eastern Pennsylvania and Delaware
territory. He recently started his franchise in January, after a corporate
restructuring by his former company.

"I had experience in business for myself, but this time I was interested in
doing it differently," said Sylvia. "With ERA, I have a corporate organization
to support me, and other franchisees to talk to, in addition to the advice and
direction of an area developer."

Peter Nowell, a new business owner from Dublin, Ohio, also chose to invest in an
ERA franchise because of the flexibility of the business. "My circumstances were
unique. I was in a major accident 3 years ago that left me with spinal cord
injuries," explained Nowell. "I couldn't continue my career in manufacturing
management. I knew I needed to be looking for something I could do at my own
pace."

Nowell worked with his local FranNet consultant, Barney Greenbaum, to help him
narrow down his franchise options. "I met with Barney and this opportunity was
so different from anything else I considered," said Nowell. "If it hadn't been
for FranNet, I wouldn't have heard about it."

A franchised business gives people such as Nowell and Sylvia the opportunity to
quickly and efficiently open a new business, minimizing the risk of a start up.
Their new franchises let them invest in themselves - with no regrets. To learn
more about FranNet and your career options in a franchise business ownership,
visit www.frannet.com.

FranNet LLC
Heather Gough, 502-753-2380
Director of Marketing & Communications
hgough@frannet.com

Copyright Business Wire 2009