Listen to us on: In this episode of the How To Buy A Franchise Show, internationally recognized franchise author, speaker and consultant, Dr. John P. Hayes, asks: “Do you have the right personality to be a successful franchisee?” Listen to this week’s podcast for the answer.
Listen to us on: In this episode of the How To Buy A Franchise Show, Dr. Hayes explains the importance of a comprehensive operating system that really works. It's not enough that a franchise has an operating system, it must work. And before you invest your money, it is critical to find a system that works for
Prospective franchisees always want to know: “Why is the franchisee fee so expensive?” All franchisors charge a franchise fee, a lump sum of money that franchisees are required to pay upon signing a franchise agreement and prior to attending the franchisor’s startup training course. Typically, these fees range from $10,000 (sometimes less) to $50,000 (and
Here’s a couple that knew exactly what they were doing when they bought a sign-making franchise and opened it in a small town. “People don’t seem to set up their businesses to re-sell them,” explains Sonja Heaton, “but that was our purpose for going into business, and for buying a franchise.” The Heatons eventually turned their $150,000 investment into a $2-million sale! Want to know how they did it? Want to know how you can do it, too? Here’s their incredible story.
Cash on hand is a huge advantage when you’re buying and starting a franchise business and that’s one of eight reasons why it’s smart to consider leasing when you invest in a franchise that includes equipment. The other seven advantages, including tax benefits, are detailed in this article. Leasing companies tend to prefer franchising and are eager to be of service to new and existing franchisees.