Fees are one of the key decision-making factors for those looking into buying a franchise. What is a franchise fee, exactly? What do they cover? How much are they? When do I need to pay them? This simple and definitive guide will answer all of these questions and more.
To keep this as simple as possible, we’ve broken franchise fees down into their two main categories: Initial fees and ongoing fees. Let’s tackle each of them one by one.
As franchises may seem to have it all, there’s still a few marketing methods that can be applied to help their business boom in online traffic.
No matter what type of franchise you own, businesses in all industries are using social media as a powerful tool to generate business and get closer to their customers. Compared to other ways of marketing, managing a few social profiles doesn’t have to take much work and the payoff can be huge.
No matter how much you’ve used platforms like Twitter, Facebook, or LinkedIn in the past, we’ve put together a few tips to not only help you attract new customers, but keep those customers coming back by getting them talking about you with friends and family.
Here’s a look at five ways franchisees can use social media to drive more business both among new customers and those that love you already.
According to the International Franchise Association, one in seven franchises in the United States is owned by a veteran.
Our franchise team strongly supports veterans in their search for new opportunities after returning to civilian life and we’re not alone. Joel Lazarovitz, Vice President of recruitment for Maid Brigade, Inc & Maid Simple House Cleaning, considers military veterans to be “ideal franchise owners,” citing four key factors that make them so effective.
Let’s explore how these strengths give veterans an advantage in the world of franchise ownership.
For many of us, the goal of owning a business represents a major life accomplishment we work toward for years. But whether it’s a scary headline in the media or a personal story of failure heard through the grapevine, owning a successful business in the real world can seem like a far off dream too difficult to actually accomplish yourself. While starting a business from scratch can be a huge uphill battle for many people, you don’t need to be an entrepreneur to own and run a successful business.
After years of experience in the franchising industry, we’ve learned that the biggest successes come from those that can think on their feet and have a true passion to create something great for the customer. For some, that means creating or presenting products to customers in a store, for us, it’s even simpler than that. Our franchisees give homeowners and businesses an on-site service experience they won’t forget.
As our economy continues to take baby steps in the right direction, franchising is projected to outpace it for the second year in a row. The International Franchising Association’s Franchise Business Economic Outlook is one of just a handful of annual reports that shed light on the opportunities franchising has to offer from one year to the next.
This year’s much-anticipated report highlights some very positives trends that have only been improving in recent years. In fact, franchising as a whole is actually growing faster than the rest of the economy this year.
We’ve read through this year’s report and pulled out five of the biggest reasons why 2015 is the right time for prospective buyers to get in the game with a franchise of their own.
Professional from start to finish. The Groutsmith is the best service company I’ve ever had in my home.
Unbelievable - the loose tile floors in my living room are solid once again. Thank you again Groutsmith.