Manual For Franchise Buyers
Endorsed By American Association of Franchisees and Dealers.
you thinking about buying a franchise? There's a lot you need to know
before you invest if you want to be successful as a
franchisee. My guide,
Buyer's Manual, is a self-help tool that helps you decide whether or not
franchising is for you and teaches you how to get the information you really
need to choose the best franchise opportunity.
for more information.
Why Franchisors Need to Plot Their Development Strategy with Caution
Before committing resources to future
franchisee development franchisors need the
Franchisees are Entitled to a Vendor Program from Their Franchisor
A major benefit of owning a franchise is being able to purchase
goods and services at costs below market prices. However, a number
of franchisors fail to provide this benefit. Here's why they should
offer franchisees a vendor
Minimum Wage and Joint Employer Issues Won't Go Away
Franchisee Buyers Club is a Real Benefit for Franchisees
Finally, all franchisees can enjoy the
same buying power as franchisees from the large systems.
Are Many Franchisors Underestimating
Startup Costs In Item 7?
Item 7 is one the more important disclosures in the Franchise Disclosure
Document, since it estimates the investment a franchisee will make in a
franchise. Here's why it gets underestimated and
why that's not good.
Why Veterans Make Good Franchisees
There are a number of reasons why military veterans can make good franchisees.Read more>
The Entrepreneurial Franchisee May Not Be The Best Franchisee
It's been my experience that some so called entrepreneurs don't always make the best franchisees.
Home Inspection Franchise Offers 1st Year Income Guarantee
It's rare for a franchisor to guarantee income to a franchisee
but that's what A Buyers Choice Home Inspection is doing.
Read more >
Financial Considerations For Prospective Franchisees
Before you write that check for a franchise investment, make sure you take these
three key steps.
Use a Franchise Attorney Before You Commit To A Franchise
Before you invest in a franchise, make sure you use a franchise attorney to represent you. Learn why it's important to utilize a
Measuring a Franchise Company
There are a number of ways to measure or evaluate a franchisor. These measures when properly applied can provide a profile of a potential franchise or
an existing franchisor in the start-up mode.
Here's what to measure.
There is always some risk involved when you buy a franchise. But
potential franchisees can limit their risk of failure by following
The Isolated Franchisee
Learn why being an isolated franchisee can put a franchisee at a significant disadvantage.Here's why.
Franchise Offering Circulars Then & Now
Franchise Offering Circulars (FOC) have changed a lot in the last
34 years, but have those changes affected franchisees' success?
Don't get stung! Learn how to evaluate franchises
opportunities so you can choose the best one for you.
Learn what to look for and what to
avoid. Written by FranchiseKnowHow founder Ed Teixeira, The Franchise
Buyer's Manualis endorsed by the American Association of Franchisees
and Dealers. Don't invest in a franchise without first reading this
more here >>
10 Ways To Improve Communications With Your Franchisees
How well are you managing communications with your franchisees? These 10 tips
will help you improve
communications and franchise relations.
Learn how item 20
in the FDD can provide a preview of a franchise operation.
When Franchisors and Franchisees Should Join Forces
There are a number of important issues that can impact the entire franchise industry. Franchise industry groups should collaborate to deal with these issues.
Two Franchisees Sued for Tax Fraud
Franchisors and franchisees should take heed from recent events in New York
and be prepared for state sales tax audits.
Digging For Franchise Facts Before Your Buy
Existing franchisees can
be a valuable source of information for franchise candidates;
however, it may take some extra effort to
get the right answers.
Lesson from Maine for Franchisees
The recent defeat of the Franchisee Protection Bill in Maine speaks volumes about the future of these bills.
franchisees need to know.
More Item 19 Disclosures
As more franchisors make a disclosure under Item
19 there will be an increased need for a careful review of the
Interesting and Surprising Franchise Facts
FranchiseGrade.com in conjunction with FranchiseKnowHow
has reviewed and analyzed hundreds of Franchise Disclosure Documents that
represent a cross section of franchisors. By analyzing FDDís on a regular basis
pertinent information and important trends in the franchise industry can be
identified. Weíll continue to monitor data activity as we review FDDs in order
to identify trends. See the
Franchise Facts Infographic.
Questions You Need To Ask
Learn the three questions that franchise prospects rarely ask franchisors,
but should. Read more>>
Does Your Franchise Measure Up?
There are certain traits that the good franchisors have. Whether
youíre a franchisor or franchisee you should look for
Potbelly Sandwich Shop Expands
Looking to buy a franchise in Oklahoma City? Potbelly Sandwich Shop is
expanding into that area. Read more >>
Pros and Cons of Buying A Franchise
Before searching for a franchise, you should know the advantages
and disadvantages of purchasing a franchise and understand the
implications of buying and operating one.
Read this excerpt
from the Franchise
Buyer's Manual for facts you need to know.
How To Look For A Franchise
You know you want to invest in a franchise, but how do you get unbiased information to help you determine which would be best for you? Here's
how to proceed.
How Good Is That Franchise?
How does the franchise you're considering investing in
compare to others? Ed Teixeira, President of
FranchiseKnowHow has partnered
with FranchiseGrade.com to review
franchise industry data collected by Franchise Grade.com.
What You Should Know About Using
A good amount of information has been written about how to evaluate a
franchise opportunity. Here is a way to do an
initial franchise review
before spending a lot of time and money.
Going International? Donít Forget One Important Thing
Franchisors that are considering exporting their franchise concept to
other countries are advised to prepare by following a
checklist of key items.
However, there is one area that is often overlooked or shortchanged in this
Franchise Discovery Day Purpose
Franchise Discovery Day needs to be more than a series of sales presentations
to sell your franchise concept.
Planet Sub Expansion
Planet Sub continues its expansion with a new location in Denver
and a fresh new look. Click here.
Will That Franchise Candidate Succeed?
You've got a franchise candidate who seems eager to get started. Before you
accept the person, be sure they are fully qualified and likely to succeed as a
franchisee. Here's what to do.
Taking Over An Existing Franchise
Thinking about buying a franchise? Taking over an existing franchise location
instead of setting up in a new location can be advantageous.
Tips for Qualifying a Franchisor
A competent franchisor will qualify every
franchise prospect to minimize the risk of a failing franchisee. So
too, a prospective franchisee should qualify a franchisor to
minimize their possibility of failure.
Here's how to do
A new franchisee needs to have his or her team identified and in place,
before the franchise is opened. In addition, the franchisor should know how the
franchisee intends to operate their franchise.
Read more >>
Amsterdam Falafelshop Feeds Franchise Investors with Munchies for
High-Performing Restaurant Concepts
Top-it-yourself falafel shop with Amsterdam vibe and cult following kicks
franchising into high gear; announces new financing program to support franchise
growth. Read more >>
Questions You Need to Answer Before Buying a Franchise
Before considering a franchise opportunity itís important to know why a
franchisee can fail. Armed with this information, it will make it easier to
determine if youíre suited for a particular
If Youíre Buying a Franchise Having the Right Attorney is Crucial
Be sure to use a franchise attorney if youíre going to buy a franchise. Here
are the reasons why you shouldnít go it alone or use any attorney.
Read more >>
Buying a Franchise? Do You Really Know the Franchisor?
If youíre focused in on buying a particular franchise, itís important to
be familiar with the franchisor
and how the staff performs before signing the franchise agreement.
These Franchises Have Substance
We took a look at different franchise sectors to see how some performed in
the past five years. Here are the
Franchisors Can Benefit From SWOT Analysis
Franchisors can gain significant benefits by using
SWOT Analysis to evaluate their
For those considering investing in a franchise opportunity the first step
should be to gain some basic
knowledge of franchising. This ought to be done before searching for
franchises and using franchise consultants.
Does Your Hiring Process Meet The "Definition of Insanity"?
Is there an easy way to hire employees that make you more money? You bet!
And you don't have to spend a lot doing it. In fact, you can do it
without spending a dime.
Rollovers as Business Start-Ups (ROBS): Thinking about the Risks and
Attorney, Michael Sheehan describes the pros and cons of using retirement
funds to capitalize a new franchise or business. Itís a comprehensive look
into the subject of Rollovers as
California Department of Corporations Sanctions Restaurant Franchisor for
Violations of California Franchise Investment Law
Executive Care Announces Nationwide Expansion through New Franchising
Executive Care launches new franchise program. Will build on the success
of it's New Jersey and Florida operations.
Read more >>
Patrice and Associates Franchise: The Right Recipe for the Hospitality
The Patrice and Associates franchise has all the ingredients for success:
a large market, a flexible franchise
program and ready to serve clients.
Evaluating a Franchise? Franchise Re-sales an Important Consideration
Individuals considering a franchise opportunity should include the
potential for a franchise resale as part of their due diligence process.
Having an exit strategy is a
critical component of any new business start-up.
Itís the Franchise Stupid
Itís important that franchisors and franchise candidates focus attention on
the basic franchise operation and not get sidetracked into other areas.
Can Multi-Franchise Ownership Work for the Smaller Franchisee?
How Paretoís Principle Plays a Role in Franchising
Weíve often heard of the 80-20 rule but probably donít apply it to
franchising. Learn why we should analyze a
franchise network using the 80-20 rule in reverse.
Sloanís Ice Cream Launches Franchise
Sloanís, South Floridaís palatial ice cream, candy and toys paradise
announced today its strategic franchise initiative -- indulging investors with
an opportunity to open their own savory and aromatic wonderland.
Read more >>
If youíre Buying a Franchise Donít Go It Alone!
There continues to be a number of individuals that look to purchase a
franchise without the benefit of
professional advice. It can be the biggest
mistake they will ever make.
Franchisors Need an Effective Board of Directors
A competent board of directors or advisory board can be an invaluable
resource for a franchisor. In the case of small or medium sized franchisors,
having advisors from outside the family offers the opportunity to receive advice
that is objective and based upon experience. Here's what you need to know to
choose your board of directors.
Franchisors Going International Need to be Prepared
Franchisors considering opportunities in foreign markets need to have a
successful franchise program and the resources, operational systems, staffing
and strategy in place before executing their decision. However, there are other
steps that are often overlooked that need to be taken before
5 Tips when Considering a Franchise Business
Here is some good advice for those pursuing a franchise opportunity. These 5
tips can help you to make the right decision.
California Ruling Could be another Step to Franchisor Employer
Learn how a recent decision by a California court could strengthen the
basis for an employer-employee
relationship among certain franchisors and their franchisees.
In todayís age of high speed communication and technology there are a
multitude of ways that franchisors can stay in touch with their franchisees.
Read why franchisors need to have on-going
communication with its franchise
FranchiseKnowHow Offers 15% discount on all Online Training
Take advantage of a special offer from FranchiseKnowHow for franchisors
and franchisees. Provide your employees
online training at a reasonable
Covenants Not To Compete: Beware of the Legalese!
Prospective franchisees need competent legal counsel to advise them
before executing their franchise agreement. Franchise contracts include
legal terminology that can fool
Franchisors and Franchisees: Follow the Housing Market
The Franchise Sales Process is about Qualifying Not Selling
Franchisors and franchisor representatives need to place greater emphasis
on qualifying a franchise candidate throughout the franchising process.
Utilizing traditional selling
techniques in franchising is not the most effective path to follow.
Finding Hidden Franchise Gems
There are a number of franchises that provide outstanding opportunities
for prospective franchisees. Many of these franchises are not well know and
choose to apply more resources on their
existing franchisees rather than selling lots of new ones.
Examining Icebergs: Discovery Day at the Professional Services Franchise
Learn how a Discovery Day visit can vary depending upon the type of
franchise. In the following example, the
operation of a
professional service franchise represents a different experience for
both franchisee and franchisor compared to other franchise opportunities.
Evaluating Your Business as a Franchise
For companies that are considering franchising their business here is a
simple checklist that can provide a
good indication of whether the business could be franchised.
A Certain Trait Franchisors and Franchisees Can Share
Learn how a social media platform
helped franchisor DUCTZ achieve success.
A Business Plan Should be a Requirement for Buying a Franchise
If a franchise candidate was required to write and submit a business plan
to the franchisor before final approval I truly believe the result would be
less franchisee failures and more successful franchise networks.
This article presents the reason
The Secret of Monster Franchise Success as a Franchisee: Move
Deliberately and With Patience
The great news about a franchise business opportunity: Franchises which
are well-considered and conceived by the correct parent franchiser are
tailor made for easier, bigger, and more sustainable success than a
non-franchise opportunity. That
advantage isnít to be taken lightly.
Ten Questions Every Franchisor Should Ask Before Granting a Franchise
Before granting a franchise most franchisors have a process they follow
that begins with qualifying a candidate to ultimately granting a franchise.
However, there are certain questions
that ought to be mandatory for all franchise candidates.
Ten Questions Franchise Candidates Shouldn't Be Afraid to Ask
Managing social media can be difficult and time consuming, whether it’s a Facebook page or Twitter account. For a franchisor and its franchisees, these challenges can be even greater and much more difficult to manage. Learn how to keep
social media content fresh while engaging your customers.
Franchisees need to carefully consider their actions when faced with a
franchisor that is seeking claims
and recourse for violations under the terms of the franchise agreement.
Social Media: For Franchisors the Future is Now
Various social media analysts confirm the strength and continued growth
of social media. Franchisors need to
embrace social media in order
to maintain their market presence and grow their brand.
A Cautionary Tale On Arbitration Clauses For Prospective Franchisees
The following case demonstrates why individuals considering executing a
franchise agreement in California should be cautious regarding franchise
agreements that contain an arbitration clause. Learn why itís important to
utilize experienced franchise
What Are You Doing To Monetize Cold Franchise Buyer Prospects?
Franchising Should Take a Lead from Theodore Levitt
The surging popularity of Facebook and Twitter can cause us to stray from the
basics of marketing. In spite of new technology the
principles of marketing
remain the same.
What Makes a Franchisee Successful?
In a previous article I presented what, in my opinion, makes an effective
franchise leader. This article looks at the other side of the relationship
between a franchisor and franchisee, namely,
what makes a successful
What Makes an Effective Franchise Leader
The effective leadership of a franchise company requires a particular
approach not applicable to most companies. This article presents five key
areas that franchise executives should embody as a part of their
China Should Enforce New Laws to Protect Franchisors
How Fledging Franchisors Can Survive the Recession
As businesses continue to struggle through the recession emerging and
smaller franchisors that are attempting to grow their network can face
obstacles. However, there are steps that can be taken which can lead to
successful outcomes. Read more to see
what these steps are.
A Successful Franchise Below the Radar: The Murphy Business Franchise
Private Equity in Franchising: The Upside and the Downside (Part 2)
In part two of my article on the role of
private equity in the franchise
industry, we look at which kind of franchisors are attractive to PE
firms, the evaluation process, along with the impact on the franchisees of
acquired companies and whatís in the future.
The Role of Private Equity in Franchising: The Upside and the Downside
This is the first of a two part series on the role of private equity
funds in the franchise industry. Weíll examine a number of issues, including
why there has been a dramatic increase in
PE investments in franchise concepts,
the benefits for franchisors, the impact on the franchisees of acquired
companies and whatís in the future.
Starting Up a Franchise Company the Right Way: The MoneySaver Franchise
Franchisors need to get on the social media bandwagon. Reports that measure social media indicate that its use continues to grow and that it’s is being used by more and more people. Following is what some experts have to say about the use and effectiveness of
social media and its role in franchising.
Sound Leadership Practices for Franchise Operators
Franchisors looking to grow their system can have a tendency to focus on a
single approach; namely selling more unit franchises. However, this strategy
should be adjusted, so that itís not the only way to
grow the franchise network.
There are a number of advantages in owning a home based franchise. However,
there can be disadvantages as well. Franchisees and franchisors should focus on
the pros and cons of home based
franchises when making their respective decisions.
When you Buy a Franchise Pretend Youíre Selling It in Five Years
When individuals purchase a franchise most will plan on selling the franchise
at some future date or operate it until their children can take it over. Iíve
encountered some individuals who plan on operating the franchise for the long
term until retirement. If youíre considering buying a franchise a good approach
to take is to plan on selling the franchise as part of your analysis.
Learn why this strategy can be helpful.
Planning on a Partner for Your Franchise? Here are some Proís and Conís
Itís not uncommon for prospective franchisees to plan on having a partner for
their new franchise. However, there are advantages and disadvantages to a
franchise partnership. Here are some
pros and cons.
Learn why home care franchising remains the hottest
sector in franchising, with average growth of 12% per year for the past 3 years.
This report is loaded with information and statistics on the home care industry,
franchises, market growth and regulatory challenges.
Click here to download a