Check out our collection of franchise resources from across the web. We have broken them down into sections or categories for your convienience.
There's lots of support out there for veterans interested in business ownership. Besides learning about what incentives and assistance your franchisor offers, be sure to check out these programs from the SBA.
The 25-year-old brand is targeting coast-to-coast expansion in the wake of covid-19. Black Bear Diner is looking to move east as it implements a growth strategy into 2022.
Partnership Aims to Raise Awareness on the Importance of Learning to Swim, Bridging the Minority Swim Gap & Providing a Role Model for Young Children
Campaign for National Gratitude Month Involves 30 Days of Giving Including In-Studio Events and a Referral Giveaway
Customizable Soap Makery to Continue Expansion in The Lone Star State
The nations fastest-growing dog daycare is partnering with the dating app that puts dogs first
The first thing to do is to identify companies offering franchises. IFA's Franchise Opportunities Guide gives a comprehensive list of franchise companies in more than 75 kinds of businesses. The Guide, which costs $25.00 (including shipping and handling), is available by mailing a request and check or money order to IFA Publications, P.O. Box 1020, Sewickley, PA 15143. Orders may also be placed by calling 1-800-543-1038, or visiting IFA's online bookstore at www.franchise.org, where you can find other relevant sources to assist in your decision to buy a franchise. The Guide is also available online at the IFA website www.franchise.org.
You should contact the companies directly, and "shop wisely." "Shopping wisely" requires that you determine how much you can afford to invest and where to obtain financing. Careful investigation prior to purchasing a franchise also necessitates understanding the UFOC. You need to examine what the franchise relationship entails. For instance, you need to inquire into the training and support provided, assistance in finding and developing a location, and the sources of inventory and supplies. You should research the companies' growth and prospects for future growth. You should also seek advice from professionals and business people you respect. By shopping wisely, you can make an informed decision on whether to purchase the franchise.
Among the points which IFA recommends for investigation are:
Investment requirements differ tremendously. It all depends on the industry and the type of business. Total start-up costs can range from $20,000 or less, to over $1,000,000, depending on the franchise selected, and whether it is necessary to own or lease real estate to operate the business. Moreover, the initial franchise fee for most franchisors is between $10,000 and $30,000. Seventy percent of franchisors charge an inital franchise fee of $40,000 or less. The average investment, excluding real estate costs, is between $350,000 -$400,000. You must discuss the inital fees and opening costs with individual companies, although IFA's Franchise Opportunities Guide can supply general information.
A successful franchisee should be suited to the industry of which he or she is a part, suited to the particular franchise company, and suited to the franchise system generally. Important questions to ask yourself include:
Multi-unit franchise operators are on the rise. Some buy multiple units in the same brand. A few buy more than one franchise in different but competing brands. Others buy multiple units in totally different sectors.
Anago Cleaning Systems, a leading commercial cleaning franchise organization celebrating its 25th Anniversary in 2014, Anago provides customized cleaning solutions for office and medical buildings, schools, factories, financial and governmental facilities. Anago is a stealth-like franchise concept, unseen by most consumers, as its Master Franchisees enjoy a 9-5 work schedule, run the sales and marketing, and coordinate with Unit Franchisees, who operate outside of normal business hours, to service clients efficiently and effectively.
VeteransFranchise.com is an online portal designed to connect military veterans with franchises and business opportunities that provide support, financial benefits and other incentives for those who have been a member of the armed forces.