Buying A Franchise | Franchise Blog

National Minority Franchising Initiative (NMFI) selects Top 25 Franchises for Hispanics for 2009

Posted on April 15th, 2009 by Blair

The National Minority Franchising Initiative (NMFI) has compiled its annual list of the Top 25 Franchises for Hispanics. The results were published in the April issue of PODER (“ability” or “power” in Spanish) Magazine, the successor to Hispanic Enterprise. A copy of the article and list can be found here. For a listing of the [...]

Franchising vs. starting your own business in an unfriendly economic environment

Posted on October 30th, 2008 by Sebastien

Terry Dunn wrote a good post on his franchise blog about how franchising seems to be a safer bet than starting your own business during these tough economic times.
Depending upon your source of information, we are headed into a recession or a depression or even a catastrophic cessation of all business activities. By any definition, [...]

Evaluate a Franchise by Talking to Current Franchisees

Posted on October 28th, 2008 by Blair

When buying a franchise, one of the greatest tools you have at your disposal is the ability to contact current franchisees. Not contacting them and investigating their opinion of the franchisor thoroughly would be a big mistake. When you contact a current franchisee, you get the opinion and outlook of someone who is in [...]

The Significance of Franchise Fees

Posted on October 23rd, 2008 by Sebastien

If you thought that the only finances you need to come up with in order to set-up your franchise business are the initial franchise fees, you thought wrong. In order to set up your dream business, there are many other finances to think of.
Understand that the initial franchise fee is simply the money you put [...]

Make sure you understand all the legal documents regarding buying a franchise

Posted on October 20th, 2008 by Sebastien

Ryan Knoll over at FranchisePundit.com posted a link to an interesting article on Canadian newspaper website TheStar.com about the importance of reviewing the legal documents that are given to you before making the life-changing decision of buying a franchise.
Although the article is for potential franchise buyers in Canada, the rules still apply here in the [...]

Franchise Territories: Examine Their History!

Posted on October 16th, 2008 by Blair

A potential franchisee should always find out about the history of the franchisor in the territory that they are planning to open their store before entering into a franchising agreement with the company. If the franchisor has previously had a location in the territory that closed or failed for some reason, it will be important [...]

Understanding Legal Issues Surrounding Franchising

Posted on October 14th, 2008 by Blair

Choosing to buy a franchise rather than starting your own business can have a lot of advantages, and the franchisor running certain things can certainly simplify your operation. On the other hand, it can also be considerably more complicated in some ways, one of which is the tangle of legal issues that is particular to [...]

Picking the Perfect Franchise

Posted on October 14th, 2008 by Blair

If you have thought about starting your own business by becoming a franchisee, you might be overwhelmed by the options. There are a lot of great benefits to buying a franchise rather than starting a new business, but you might not get to experience those benefits if you are paralyzed by the infinite franchise [...]

Is it Sensible to Buy a Franchise Business If You Have a Tight Capital?

Posted on October 13th, 2008 by Sebastien

In many cases, there are people considering getting there own businesses up and running and they have the skills to do so. What they lack however, is the proper funding. Many of them may have very little financing to start with, perhaps even less than $20, 000 on hand. Would it be a good idea [...]

Does Buying a Franchise Mean that You’re Buying a Job?

Posted on October 13th, 2008 by Sebastien

You may hear some people say that buying a franchise is very similar to buying a job. In some cases, they’re not very far off from the truth. How 7-11 franchises function is a good example of this. Inventory is routinely requested and then paid for by money from deposits, then a check is made [...]

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