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Franchise Models For Less
I read an article from the Seattle Times this week about a Quiznos franchise that struggled for several weeks just to stay afloat after the owners disappeared. The manager and three employees stayed Read more...
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Fastfit International Inc. Is Pleased To Announce The Sale Of Its First Canadian Franchise
June 7, 2005 -- Fastfit International Inc. has sold its first Fastfit 30 Minute Fitness For Men franchise to Cassgarr Sports Inc., a Canadian management company. The first location will open July Read more...
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What Are Franchise Royalty Fees?
Franchise royalty fees vary from one franchisor to the next. They can be very simple or somewhat complex. To begin with, let’s examine why franchisors assess a franchise fee in the first Read more...
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Franchise €“ Precautionary Measures
By Barney Garcia
Franchises have experienced an annual growth of 50% and are present even in airports, railway stations and supermarkets. They are of various types like home service, personal service, financial services, retail, real estate, sales, security, publishing, fitness, food, health and beauty, and more. You should attend franchising seminars to collect all information on upfront fees, training fees, location fees, and ongoing and advertising fees.
Franchising can be a great way of rapid brand expansion. You can become your own boss easily by buying a franchise. But while selecting a franchise, there are certain factors that should be there on your mind. You must chalk out the product and service you would enjoy selling. Money is a very important factor since you have to judge the amount of money you have that you can invest in the business. Consider the total cost of purchase including the fee, advertising, training inventory, insurance and other costs. Research on how well established the is. Find out for how many years they have been in business and how many other franchises they have opened. A background of its officers and collecting history of any litigation or bankruptcy helps to judge how stable the is.
Check out the track records of these franchises. Check out what kind of training and support will be provided to you as part of the fee. Be sure if you will get step-by-step instructions and hands-on training and what manuals and other materials you will get. Find out how close to your stores will the franchisor allow another franchisee to set up. Be very careful
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