When it comes to owning a franchise, having a strong marketing message is crucial. It is important to find out how much your franchisor will be helping you both directly and indirectly in the sales process. There are many franchises that will require you to buy into their corporate marketing. Some will make it a […]
Franchise
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 much will I make running this franchise?” Yet, the complex financial performance representations displayed in the FDD are anything but […]
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 and immediate control over another company’s employees, it will be considered a joint employer. An example of this is when […]
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 franchise. To help you decide which franchise is right for you, we decided to break down some of the start-up […]
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 oftentimes discount the second and third unit franchise fee up to 50% or more. The deeper the discount, the more […]
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, you could spend upwards of $100,000 on equipment alone. With a fitness franchise, you can end up spending $50,000 to outfit your […]
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 investment advice and growth to sustain you and your family in retirement. Have you ever thought about buying a franchise […]
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, but mandatory, approach to open their franchise unit with the end in mind. Bar none, the best exit strategy is […]
Food Franchises Trending in 2017
Food Franchises and Restaurant Franchises are designated as either Quick Service, Casual Dining, Upscale Casual, Fine Dining or Fast Casual formats. Which restaurant format is trending in 2017? If you’ve been researching food franchises, you may not have heard of the fast casual format. Essentially, fast casual is a blend of fast food and casual […]
Top 10 Regrets Franchisees Have After Starting a Franchise
If there’s one thing we hear a lot at America’s Best Franchises, it’s “I wish I’d known THAT before I bought my franchise.” “THAT” can be critical to success in franchising. There are so many things you need to know to start and run a franchise. Following are the Top 10 mistakes franchisees will make […]
