Franchising is an attractive option for those who want to start a business of their own. It grants franchisors the opportunity to expand while decreasing their risk of debt because franchisees are required to open and operate their location. Franchisees get to join the ranks of an established brand,...
It is inevitable that at some point, you will represent clients who wish to start, expand or buy a franchise. Franchise ownership offers a solid means of becoming a business owner. Franchisees get to operate their business under an established brand and with the support of the franchisor. Due...
Aspiring entrepreneurs purchase franchises for a number of compelling reasons. They often come with instant brand recognition, franchisees receive certain types of operating support from the franchisor, processes are already in place and they can generate an immediate revenue stream.While these benefits are enticing, there are certain factors to...
The payoffs to turning a business into a franchise include increasing awareness of your brand and scaling up on a regional, national or even international level. The prominence of franchises has grown as an increasing number of people realize the advantages ownership offers. There are over 900,000 franchise businesses...
The Pros and Cons of Buying a Franchise You are ready to become a business owner, but believe you lack the capital, time or resources to create and grow a brand new company from the ground up. Purchasing an existing franchise may be a great solution for you because it would...