Posts Tagged ‘Franchise’
Top 10 Funding Sources for Your Franchise Venture
Many people dream of owning a business at one time or another but determining what products or services to offer can be difficult. Franchise businesses are an excellent option as these business ventures are already branded so that most customers are already familiar with the franchise and the product or service has been proven to…
Read MoreI Bought a New Franchise, Now How Do I Market It?
When it comes to marketing a new franchise, one thing you will have is an advantage over those that buy a new business. Why is this? The reason is you will have name recognition and advertising from both the regional and national levels, which will give you a very strong start. On average it takes…
Read MoreHow to Buy a Low Cost Franchise
Buying a low cost franchise is a great option for those who may have big dreams of business ownership but smaller pockets. Generally, low cost opportunities are those whose cash requirements range from less than $20,000 up to $100,000. Once you determine what you can afford, you can begin the search for your new business.…
Read MoreHow to Assess a Franchise Marketing Strategy
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…
Read MoreHow 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…
Read MoreAvoiding 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…
Read MoreStartup 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…
Read MoreBuying 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…
Read More5 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…
Read MoreBuying 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…
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