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.
Only one thing in business is ever for certain--change is constant. In these chaotic times, every business has had to adjust its strategy to best support its team while remaining true to its brand promise.
Orlando, Fla. - Jeremiahs Italian Ice, one of the most in-demand franchise concepts, has surpassed yet another milestone in its fruitful first year of franchising. The brand launched its highly-anticipated franchise opportunity last May, and in under 12 months, has awarded more than 100 units to 43 franchise partners
Oxi Fresh Carpet Cleaning, one of the nations greenest and fastest-growing carpet-cleaning franchises, has been ranked the #24 franchise for 2020, according to Franchise Gators annual list of Top 100 Franchises. This marks the fifth time in six years that Oxi Fresh has been recognized either a Top 100 Franchise or Fastest Growing Franchise by Franchise Gator.
The newest addition to the Big Whiskeys brand opened in Jefferson City, MO on Friday, October 18th, to incredible enthusiasm in the community, setting a company sales record for opening weekend. The brand, which started franchising its American Restaurant & Bar concept in 2015, has seen great success in previous franchise grand openings but none to this scale.
Big Whiskeys will gain a third Kansas City area location, a franchise operation to be located in Oak Grove, MO. Oak Grove, a suburb nestled thirty minutes east of Kansas City along I-70, is an ideal location for the American Restaurant & Bar concept.
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.