Tag Archives: Franchise Broker
Best Single Question to Ask When Buying a Franchise
During the process of buying a franchise potential candidates come up with numerous questions. If they are prudent, they will evaluate all aspects of the selected concept’s business model, talk to the potential franchisees and gather information during their visit … Continue reading →
Buying a Franchise: the Value of a Franchise Consultant
Since I am a franchise consultant/broker, some may dismiss this article as biased. However, the main point that I am trying to address on this page is to analyze the actual dynamic of searching for a franchise and the realistic … Continue reading →
Franchising – the Significance of Key Metrics in Buying a Franchise
Assuming that a franchise candidate has found the system that matches their needs, their lifestyle, and they can see themselves owning that business, the questions of evaluating financial performance quickly arises. Majority of people have little experience when it comes … Continue reading →
Buying a Franchise – the Value of a Franchise Fee
Although it may seem like it at times, franchising is not designed to be a partnership between a Franchisor (seller) and a Franchisee (buyer). Instead the relationships is designed to provide the Franchisor with a vehicle to grow it’s business … Continue reading →
Advantages of a Franchise – Buying a Franchise Versus an Independent Business Start-up
The main advantage of buying a franchise is the reduced risk of failure. When thinking about starting a business, entrepreneurs always seems to compare buying a franchise to and independent start-up. That is a mistake. Depending on which study is … Continue reading →
The Key to Buying a Franchise
The key to buying a franchise is the process of Due Diligence. This is true for both, the Franchisor and the potential franchisee. This is the process majority of candidates often overlook. Buying a franchise is different from buying almost … Continue reading →
Franchising – How to Avoid 10 Common Pitfalls
The purpose of this article is to address 10 most common pitfalls people face when looking to start a franchised business. 1. You are being “sold” on why you should have “this business”: If a sales person from the company … Continue reading →
7 Recession Resistant Franchise Options
Most economists do not expect the U.S. economy will go through a depression related to the credit-crisis-mortgage-meltdown-bailout bonanza. However, a recession appears to be a certainty. At a time like this, not many people may feel like it’s a good … Continue reading →
10 Ways to Finance a Franchise in a Tough Economy
Often, especially in the last 5 years, a large portion of franchise purchases were financed with home equity. Today, with housing prices taking a tumble across the country, the situation has changed dramatically. Even in these challenging economic times it … Continue reading →