866 - 288 - 9404
Everyone who owns or operates a franchise business wants to know how the competition is doing. You as a franchise owner can find out in a number of ways. Depending on the route you want to take, you can either have the research done by a professional…
Read More
What is considered normal start-up costs for one franchise business may not be so for another. Many factors can be involved, but generally most franchises will have at least some of the ones mentioned in this article. Dollar figures may be vastly different, also, which is why…
Read More
How do you really know the value of an existing franchise business? Some visible factors, such as volume of business, number of locations in a particular or region, and other things may be easy to see, while others may not be as apparent.
You can ask…
Read More
There are risks involved in every investment, and this holds true for starting a franchise business. And, just as each investment and franchise will have its own particular risks, so will the owner have his level of tolerance for dealing with such risks.
How much risk…
Read More
A franchise accountant is an important member of your franchise team. In fact, a franchise accountant should be one of the first members of the team, even before the franchise agreement is entered into.
By obtaining the services of a good franchise accountant from the very beginning, you will…
Read More
Your first question may be: “Why do I even need a franchise business plan?” You may especially be thinking this if you are planning on investing in a highly-recognizable franchise with proven success.
One reason may be that your creditor or financial backer may require one. If they do,…
Read More
When you invest in a franchise opportunity you pay or have paid for the right to sell a particular franchise’s products or offer that particular franchise’s services. For this, you get permission to use a particular brand name. And, the more recognizable a brand name is, the more likely consumer…
Read More
Franchise co-branding is when two companies operate in conjunction with one another. Usually, both share the same building or piece of property, and both company’s brands or products are displayed.
An example of this is when a deli sandwich shop opens up in a truck stop, or a fast-food…
Read More
When you get ready to purchase a new car, you probably will not just pick out the first one you come to, make the financial arrangements, and drive it off the lot. Most likely, you are going to tell the salesman that you want this particular color, leather upholstery instead…
Read More
You have owned and operated a successful business for some time now. Your profit margin is good, your product and services have been well-received, and you are fortunate enough to have good employees. You were even able to open a second location, and it is also doing well.
Because of…
Read More
“Area developer” is a term that is used by franchisers to describe people who take on a unique challenge when it comes to franchising. Franchise area developers are not content to start with just one store or business. Instead, they choose a geographic area and obtain exclusive rights, through signing…
Read More
You are most likely already familiar with what a franchise business is. However, did you know that there are master franchises as well as regular franchises? When a company or organization operates a master franchise, the rights to operate that particular franchise for a complete geographical region,…
Read More
You may have heard about home-based franchises, and are wondering if investing in and starting such a business is something you might be interested in. The information in this article can help you in your decision, by presenting both sides of owning a home-based franchise.
First, let’s look at the…
Read More
An inquisitive child never seems to stop asking the question, “But, why…?” almost to the point of absurdity. As adults we sometimes need to remind ourselves of the value in this soul-searching methodology when it comes time for critical decision-making, such as “Why do I want to have my own…
Read More
You’ve convinced yourself that owning a franchise business is your goal. Now you are wondering, “Where do I start the process of finding the right one for me?”
More than likely, your best resource may not your brother-in-law, or old high school buddy or golf partner, but…
Read More
So, you want to be a franchise owner? Sounds ideal:
You’re the boss, sitting back with your feet on the desk, big car parked outside, well-tanned from a vacation in the islands. Ehhhhhhh!!! Wrong answer.
Wake up from your daydream and turn from reality television into a real vision for…
Read More
ABC News recently reported that the unemployment rate was 9.4 percent, the highest level since August 1983. Don’t become a statistic.
Perhaps you have been working for your company for many years, maybe you play a vital role in growth and expansion, and quite possibly you have earned the respect…
Read More
As you continue on your journey in purchasing a franchise, there are a number of factors you will need to know. Of the many, one that rises to the top is understanding the demand for your targeted franchises product or service. Knowing this one element, will help you avoid common…
Read More
Entering into a franchise agreement binds your relationship with the franchisor. It’s important to ensure the agreement addresses your requirements without jeopardizing future relationships with the franchisor. While it seems, in business, you would want the best position or outcome in any deal. In the realm of Franchises, that is…
Read More
The American Recovery and Reinvestment Act of 2009, known as the 2009 Stimulus Bill, is important for current and prospective franchise owners. Sections pertaining to the Small Business Association (SBA) are particularly vital. These factors, if approved, will loosen credit and provide investors opportunities to buy franchises.
Here are some…
Read More
There are only four ways to go into business. You can start a business from scratch. You can buy and existing business. You can become a consultant. You can buy a franchise business. The later, buying a franchise, is the option which allows you to buy a…
Read More
VetFran is a program that offers financial incentives to honorably discharged U.S. veterans. The official name is, Veterans Transition Franchise Initiative.
As a voluntary effort of the International Franchise Association (IFA) and its member companies, the VetFran program provides direction and assistance to veterans. Helping those…
Read More
Take a look around you and you can see signs of the flailing economy. Jobless claims are up, businesses are downsizing and others are going bankrupt. Not to mention the foreclosure and credit crisis.
So I ask you this question. “Why are you looking to start a Read More
The word Franchise comes from old French meaning privilege or freedom. In the middle ages a franchise was a privilege or a right. In those days, the local sovereign or lord would grant the right to hold markets or fairs, to operate the local ferry or to hunt on his…
Read More
The growth of the franchise business is inevitable, because of the inescapable logic of the underlying concept. Franchising clearly offers aspiring, new business owners the best possible chance of succeeding with the least risk. Within a decade or less, franchising will comprise over 50% of the retail…
Read More
The following benefits provide a good rationale for going into business by purchasing a franchise business. These must be balanced by the costs or disadvantages.
Lower Risks. Most business experts agree that a franchise operation has a lower risk of failure than an independent business. The statistics…
Read More
In a sense, the franchise business model whose primary purpose is risk minimization. Every study ever done on the success rate of new (non-franchise) business startups concludes the same thing. Starting up a new non-franchised business has a much higher failure rate than starting a franchised business. …
Read More
In response to changes in technology and market conditions, after 12 years of rulemaking proceedings on January 22, 2007 the Federal Trade Commission approved (by a 5-0 vote) a substantially revised FTC Franchise Rule (16 C.F.R. Part 436), our only federal franchise sales regulation. This regulation…
Read More
Most often in the United States, when the topic of Franchising is brought up, McDonald’s, the most-recognized name in franchising, is mentioned. Why is this? Let’s first talk about what franchising is and then how McDonald’s shaped the franchise business industry.
Essentially franchising is a very specific…
Read More
To break down a large goal into manageable tasks is neccessary to be able to confidently complete any project. It is no different for finding a franchise business that meets your goals. We’ve broken down the process of buying a franchise into 3 simple steps: Exploration, Evaluation…
Read More
When you begin your franchise due diligence process of determining whether a particular franchise is right for you, you will need to contact current and past franchise business owners. This part of the process is referred as validation. During validation you speak with…
Read More
The entire process of franchise due diligence, for both a Franchisor and a Franchise Candidate, should be about determining whether there is unified thinking. The best advice is to step back at the end of your due diligence process and ask yourself the following question: Did…
Read More
Franchise Disclosure Document (FDD), formerly called the Uniform Federal Offering Circular, (UFOC) provides prospective franchise investors with information about a prospective franchise. Company history, background information, risk factors and financial statements are just a few of the items covered.
To protect and inform the investor, the Read More
New ©2008-2010 FranFinders, LLC | About Us | Privacy Statement | Sitemap | Terms Of Use | Contact Us | Disclosures
