When planning to buy your own franchise, one of the biggest considerations is money. Franchisees will often review the franchise disclosure document provided by the franchise they are considering and look at all of the startup costs and fees. But, just like any major purchase like a home or vehicle, running a franchise means there are going to be ongoing costs to factor into your decision as well.

It’s important to plan out a budget ahead of purchasing your franchise to maximize the likelihood and speed at which you reach profitability and to ensure that your plan to purchase a franchise is financially sound in the long run.

Read more

It’s no secret – buying a franchise is expensive and requires a large up-front investment. There’s a wide range in cost for franchises, from tens of thousands to more than a million dollars, and it’s unlikely that potential franchisees have that kind of cash lying around.

Read more

Thinking about buying a franchise in 2017? If the idea of owning a franchise just popped up on your radar, it’s not a decision to be taken lightly. Read on to gain some insight into the steps you’ll likely need to take before committing.

Read more

Running your own business can be tricky. And starting a business from scratch can be a daunting task, especially when it comes to business licensing. Knowing which licenses your business needs and how to get them can take away from the fulfillment of owning and running the business.

Licensing confusion is one of the reasons many people turn to franchises. Owning and operating a franchise is an easier way for people who enjoy running a business to do so without having to figure out all of the legal logistics on their own.

When you work with a franchise, many of the licensing requirements will be taken care of or you will be given explicit direction in how to secure the licenses you need.

Read more

By now, you’ve decided business ownership is in your future and franchising is the path you’re going to take to get there. Now, you need a reliable process to peel back the cover on franchisors you’re interested in to see which is the best fit. 

Before we talk process, however, it’s important to understand that investigating a potential franchise opportunity is often a process of elimination. It’s rare to find the business you’re looking for right off the bat. Don’t be discouraged if your search takes longer than you originally anticipated. It’s always better to take your time to find the right fit rather than rush into a business without being 100% confident in your decision. Read more