Buyer: Enfranchised (2)
Share /
Prospective Franchisees Must Carefully Review Item 20
Posted by Ed Teixeira June 26, 2017
As part of your evaluation of a franchise opportunity and related due diligence, it’s important you carefully review the Franchise Disclosure Documents (FDD) with the assistance of qualified franchise counsel. Specific focus should be placed on certain items in the FDD, including but not limited to, the background and experience of franchisor management, litigation, investment, territory, financial performance and most importantly, franchise system growth and franchisee turnover.
Read moreHigh-Flying Franchises Get Too Close to The Sun
Posted by Jeff Lefler March 9, 2017
Have you heard about that new franchise opportunity that’s selling like hotcakes? What about the one that’s a sure thing? It sounds like a dream come true to find such a great franchise. But before you get seduced by all the PR and excitement of this franchise opportunity, stop and look at the numbers.
Read moreThe Traits of Successful Franchisees
Posted by Jeff Lefler November 28, 2016
Buying a franchise is a great opportunity for someone who fits the model of a successful franchisee. Not all people have these traits and the classic entrepreneur, or trailblazer, might not be the best fit. Franchising is about following a system. If you’re investing into a healthy franchise they have a proven system that works and are replicating that original business success. But, not all franchises have a proven system. Be careful when investing and make sure you buy the best franchise for you.
Read moreNever Open A Franchise Because of These Four Reasons
Posted by Jeff Lefler November 25, 2016
Live the American Dream! Be in business for yourself but not by yourself! Great marketing pitches are designed to get you to want to buy a franchise. If someone tells you there’s this turnkey business that’s just waiting for you to invest into and it’s a proven business model and can’t fail – run away. Every business, including franchised businesses have risk. They are not turnkey. If you are opening a franchise for one of these reasons – stop. Reconsider!
Read more6 Terrible Reasons to Start A Business
Posted by Jeff Lefler November 10, 2016
Almost every article out there tells you to go for it. Start your own business! Live the American Dream! The truth is not everyone should start their own business. If you are thinking about starting your own business, slow down and think of the reasons why you want to do that.
Read moreNever Open A Franchise If This Is The Reason Why!
Posted by Jeff Lefler November 9, 2016
Live the American Dream! Be in business for yourself but not by yourself! Great marketing pitches are designed to get you to want to buy a franchise. If someone tells you there’s this turnkey business that’s just waiting for you to invest into and it’s a proven business model and can’t fail – run away. Every business, including franchised businesses have risk. They are not turnkey. If you are opening a franchise for one of these reasons – stop. Reconsider!
Read moreThe #1 Reason Not to Open Your Own Day Care
Posted by Franchise Grade Team October 24, 2016
Buying a business is not a transaction to take lightly. It is a life changing decision and whether it is a positive or negative change depends on whether or not you can make a steady profit. Opening your own daycare may be your dream but it takes a huge amount of devotion, time and money. There are many challenges when you become an entrepreneur. Luckily, some of these challenges can be avoided by choosing to invest in a children's services franchise instead of doing it on your own.
Read moreTough Lesson For A Franchisee
Posted by Franchise Grade Team October 17, 2016
Recently, an individual reached out to me after purchasing a fairly well-known franchise. For illustration purposes, I will refer to the individual as “Sally.” Sally had purchased a franchise 85 days prior to contacting me.
Read moreChildren's Services Franchise Systems Are Growing Up
Posted by Franchise Grade Team October 14, 2016
The children's services franchise sector is one of the fastest growing within the franchise industry. From our Sample of 106 children's services franchise systems, this sector has seen franchised outlets increase by 12.1% since 2010. Children's franchises represent only 2.1% of the industry outlets but account for a staggering 6.3% of industry outlet growth.
Read moreThe Potential Advantages of a Partnership
Posted by Franchise Grade Team October 11, 2016
Many entrepreneurs need capital to start a business. Many times to secure that capital, instead of borrowing more money, or if they cannot borrow more money, they enter a partnership. This can be a good or bad move. There are advantages and disadvantages to a partnership. I have consulted with one business that worked fairly well and I have consulted with many that were dysfunctional.
Read more