Many New Franchise Concepts Entering the Market

A recent article in Entrepreneur discussed some of the new franchise concepts hitting the market.  Every month dozens of new businesses hit the market.  While some are strong brands and go on to great success, many other languish and eventually fail. As a professional Franchise Consultant, with business and professional experience in numerous fields I am uniquely positioned to help research franchise brands and put  you in a good position…

Growing a Small Business With Documented Systems

An advantage of starting a new business as part of a franchise system is that strong franchise brands have well documented systems and an operational manual that helps you recreate the success they have demonstrated in other locations.  The ability repeat a successful formula over and over again depends on training and well documented systems. The following article is about a small business that grew by documenting their systems.  …

Be a Savvy Franchise Buyer

A franchise FDD(Franchise Disclosure Document) contains a lot of useful information. The documents are large and can seem overwhelming. However, a thorough review can yield a lot of useful information and help you make a good business decision. The following article is useful when helping you understand the section of the FDD that contains information about status of outlets in the system over the past 5 years. Understanding this information…

Why You Should Have Your FDD Reviewed by Legal Counsel

Matthew Kreutzer has published an interesting article that highlights some of the difficulties and risks of trying to review your FDD (Franchise Disclosure Document) on your own.  FDD’s may contain terms that are unfavourable, or in the case he talks about, even illegal.  Sometimes FDD terms are negotiable, and sometimes they are not.  Having representation of legal council can help ensure you get the best terms possible. It is important…

Franchise Advice: Why So Many Businesses Fail – And How to Avoid It!

According the SBA more than half of all new business will fail within their first four years of operation. In contrast, over 85% of all new franchises who invest in well established, quality franchise will survive for more than 6 years. While no new business venture comes with a guarantee for success these statistics do show that chances of success with a franchise start-up are considerably greater than an independent…

Evaluating the Franchise Fee

What is a franchise fee? A franchise fee is a one-time fee charged to a new franchisee when purchasing a franchise. Franchise fees can range from a few thousand dollars to over $50,000 depending on the franchise, with an industry average currently around $30,000. Franchise fees are usually paid at the time of signing a franchise agreement and in most cases, non-negotiable, at least in the case of single unit…

Why Invest in a Franchise

With so many different franchise opportunities to choose from these days choosing which franchise presents the best opportunity for you is not always the easiest task. Before deciding which franchise is best for any particular candidate I think it’s important to decide if going the franchise route period is the best option. Just like any business, a franchise is not always the best option for some people, but for most…

Rule of the 99%

Did you know that only 1 out of every 100 people that research buying a franchise actually do so? Despite the fact that over 90% of all franchisees consider their business a success and answer “yes” to the question, “if you had it to do all over again – would you?” still 99 out of 100 people choose not to pursue their dream of owning their own business. Obviously owning…