Search Results for:

Working from Home With some franchises you’ll be able to work from home. This can save money in real estate and building costs and instead just go to constructing or designing a home office—but these franchises can be very specific and are often much smaller operations as opposed to opening your own McDonald’s location. Some […]

As you and your franchisor survey for the best possible franchising location, here are some places that you may or will end up looking:   Malls Usually large, enclosed spaces (but they also come with roofless walkways or an outdoor courtyard), malls are a staple for shopping and a great place to put your business. […]

Franchising only works successfully when every single chain or franchise is in line with all the others, providing consumers with the same reliable services or products they are used to. However being consistent isn’t always that easy for the big chain or franchise. There are small design specifics that might work well in one place, […]

  Charleston, SC— Clubstore Outlet, LLC, headquartered in historic Charleston, SC, has signed another major deal for a Master Franchise Agreement for the entire state of Mississippi and a portion of Western Tennessee with an experienced investment group who have ownership in another major retail franchise in that region. The five year plan for the […]

Social media has a huge influence on franchising nowadays whether you’re doing it for the consumer side or for the franchising side of things. If you neglect to use social media as a marketing tool, you’re forfeiting one usually free tool for gathering new clients. If you’re not sure how to use social media as […]

The FDD is easily the most difficult aspect of the franchise buying process to understand. There is so much information in this and the legal language can be difficult to understand. This is why many people are intimidated by the FDD. Here are a few things to think about when looking at this document for […]

During the meetings with your franchisor, you will hear them make promises and you are likely to verbally agree to things. You’ll also read the FDD and the franchising agreement and will have to sign parts of both. All these experiences culminate into the end result of owning a franchise, but later down the line, […]

There’s a lot of debate on what to do if an FDD doesn’t present franchisees with the financial performance representation or if they do and it’s something small. If the franchisor you’re working with doesn’t provide you with any information on it, another good source to go to is the earning potential information for the […]

While all parts of the FDD are important to not only read, but to understand, you’ll want to pay particular attention to these sections:   Item 7: Because it talks about how much the business will cost and the initial investment, it should be 100% understood, especially that these costs are only estimates and not […]

The Cover Pages of the FDD Every formal document will always start out with a cover page. On this (these) page(s) you should look forward to this information:   Summary of the franchise’s offerings and initial investment required. State that no government agency has verified the information in the document. Remind the franchisee to read […]

In short, the information you’ll find in the FDD includes:     A directory of franchisees in the system Audited financial statements Company’s key staff and their qualifications Company-owned locations, how many are open, how many have closed Franchisor’s financial history, including any bankruptcies or litigations Information on system-wide growth Information on the franchise Legal […]

You should feel some security in knowing the law requires franchisors to inform franchisees about the systems they run in their companies. The information that the law requires franchisors to share should be found in the FDD and if it’s not, back away from the company because they are not in compliance with the law. […]

When you’re getting into franchising, you should know the term Franchise Disclosure Document (FDD) indefinitely. You should always receive an FDD when you sign up with a franchisor for information and you need to make sure that you understand the FDD because it holds all the important information you will need to know about the […]

As the number of franchises you own grows, so will your task list for the day. As a franchisee, it’s easy to become overwhelmed and extremely involved in your tasks for the day. When you’re working hard, you should never bum yourself for not getting all the work done you wanted in one day. It […]

Clubstore Outlet Opens 2nd Franchise in Florida   Margate, FL, Oct. 06, 2015 – Savvy shoppers in today’s economy now have a new option versus shopping in an ominous 50,000 sq. ft. warehouse club, with their membership cards checked at the door, to capitalize on purchasing discount quality, name-brand products. Why, you ask? Clubstore Outlet, […]

If you are buying a franchise business, then you have seen how expensive it is. While you may not be able to adjust the cost of the franchise fee for pet franchises, there are other ways you can help to keep the other costs lower. Here’s what you should know:   Negotiation is Key There […]

The media (social and otherwise) has been buzzing lately about the importance of science, technology, engineering, and math (STEM) skills to our collective future — and, as a consequence, about the importance of teaching them to our kids. For example, according to the Bureau of Labor Statistics, the U.S. will create 1.4 million jobs in […]

Once you have gone through the traditional methods of financing the next thing you will want to consider is going with an angel investor. An angel investor is a person or group of people that offer funds for the startup of your business and in turn they have a direct role with your business.   […]

Many franchisors have programs to make number crunching easier on you. This can include point of sale programs for the front of the house and accounting and payroll programs for the back of the house. While these can be very helpful, your investors and lenders will still want to see the projected income and cash […]