Finally, the search is over – you have done your homework and have found your dream franchise and you just know it has a bright future. The next step would be: buy the franchise; the big question: how will you finance the purchase? Unfortunately, franchises are stereotypically known as businesses requiring quite an amount of…
Cash flow is the life energy of every business, including franchise. Lack of it will drain the life out of your franchise unit – and this is just the beginning. In the midst of economic turmoil today, we heard this advice all the time: In order for your business to survive, you should increase sales,…
I have just read an article from The New York Times that covers the questions you should ask to yourself and a franchisor before deciding on buying the franchise of your dream. The article opens up some facts that, to tell you the truth, somewhat against franchising, in a sense that you should take great(er)…
This question (supposedly) jump out of a franchisee candidate’s mind: How much can I make from this franchise opportunity? Unfortunately, the answers can be vague, misleading and, in a sense, secretive. The income reports you saw publicly (such as in franchise expos) are either averages or forecasts/projections. Franchise companies are not in the habit of…
Did you know that you can actually negotiate a franchise fee with your franchisor? While what a franchise offer you is typically a well-set system, including the standard operational procedure, territory-plotting and franchise-related fees, you can actually negotiate on certain things, depending o the franchisor’s policy. This may include your franchise unit’s territory exclusive area…
