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If you’re looking to create additional streams of income, whether you are an employee, business owner or own commercial real estate, then a franchise might be an option.
When speaking to a perspective candidate, we recommend that you request a copy of the Franchise Disclosure Document after the introductory call. To help you use your time in the most efficient manner, here are the top 3 three items to target when reviewing the document
Overstating the truth, puffery and hype. You need to have a clear mind and a steady focus when you’re heading down the path of buying a franchise. Multitudes of voices, each with a self-serving agenda, are out there, coaxing you toward their franchise brand. Like Sirens, they beckon you. Beware.
There’s one question we get from existing business owners, “I want to franchise my business, how do I do that?” The answer is simple; have a business that is “Franchisable.” What do I mean by that? Here are 3 tips on how to build a franchise.
Simply put, it’s a way for business expansion that is an agreement between two parties. Typically, the one who owns the concept is the Franchisor. The party, who wants to buy in and help with the brand expansion by becoming an owner, is the Franchisee.
Last year, I spoke to approximately 2900 potential franchise seekers and the question I am frequently asked is, “Why should I use your services?” “After all, I can find my own franchise.”
Anyone can find a business but going through due diligence is a process that takes time, and you need tremendous skills to put all the pieces together, before any purchase is made.
If you’ve always wanted to be your own boss but didn’t know where to start, then here’s what you need to know to get started in franchising.
The exciting part of what we do is work with you helping you find the right franchise business that meets your goals and helps you to either leave your job, grow your empire or even to create a legacy for your family. That’s the fun part. The heavy lifting comes in when we work with you on ways to help you fund the purchase.
As you are searching for a franchise, you undoubtedly have come across the term, “Total Investment.”
Here is a short definition as it relates to franchises.
Over the years of working with people who are looking into buying in franchises, we have heard a lot of reasons why people want to start a business. Some of those reasons are practical and well thought out; others are a little short-sighted.
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