Franchise Center
Welcome to the SmallBizClub Franchise Center—your go-to resource for all things franchising. Whether you're starting out or expanding, find the expert advice you need to succeed.
Franchise Center
How to Read the FDD’s Financial Performance Representations
Let’s be frank for a moment. The Financial Performance Representations, item #19 in the FDD, carry serious weight in determining if you purchase a franchise. It addresses the burning question driving every prospective buyer, “How…
Leveraging Social Media to Grow Your Home Services Mobile Franchise
With today’s busy lifestyle of having to balance work, children and the home, mobile home service providers offer consumers a way to more easily manage their day-to-day responsibilities providing them with increased flexibility and less…
Avoiding Joint Employer Issues When Owning a Franchise
What is a Joint Employer Issue? A joint employer issue can happen when one company may end up supervising what at first glance could appear to be another company’s employees. If a company has direct…
Which Term is Right for Your Franchise?
Converting your thriving business into a profitable franchise will bring about a seemingly endless laundry list of decision-making. One you will need to face is setting the best term for franchisees. Franchise terms, the length…
Startup Costs for Top Franchise Opportunities
If you’re thinking about buying a franchise, you probably have two questions that keep popping into your mind. How much can I make in a franchise and how much does it cost to start a…
Buying Multi-Units in a Franchise: What You Need to Know
As you prepare to close the deal on your first franchise, you will be offered a one-time opportunity for purchasing additional units. This is the multi-unit agreement. To incentivize the purchase of additional units, franchisors…
5 Tips for Buying Equipment for Your Franchise Business
One of the biggest expenses when you first open your new franchise will be equipment. Depending on what kind of franchise you’re opening, these costs will vary. For example, if you plan to open a restaurant…
Franchise Fees: What to Expect
The franchise fee varies between franchises, but aspiring franchisees need to have a general idea of what to expect when it comes to covering the initial fee. In my experience, the average franchise fee range…
Buying a Franchise vs. Buying a Stock Portfolio: Why Not Choose You?
If your day is consumed with thoughts about wanting a better retirement but you don’t know where to turn, you’re not alone. Historically, Americans have opted to buy a stock portfolio and hoped for spot-on…
Franchisees: Understanding Your Exit Strategy
You need an exit strategy. It’s as plain as day, yet most new franchisees never address the idea of leaving their business one day. All the excitement centers on opening and growing. It’s a different,…
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