Real Estate
Finding the best real estate for your franchise is challenging and competitive, whether building anew or remodelling an existing location. Site selection is complicated and “A” locations are both hard to come by and expensive. Using a real estate broker to help find the optimal sites and negotiate the best contract is common practice. Seek legal advice to ensure you’re receiving the optimum tenant improvements and landlord benefits.
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Franchisee Talks About the Importance of Using A Sophisticated And Comprehensive Set Of Data And Criteria To Evaluate Sites.
- Sara Wykes
- 4,144 Reads 27 Shares
You Need A Full Understanding Of Residential And Workplace Population Characteristics Before Choosing A New Location.
- Multi-Unit Franchisee
- 2,904 Reads 6 Shares
How Customer Analytics Software Can Help Franchisees Identify Good Markets And Locations For Expansion.
- Multi-Unit Franchisee
- 3,559 Reads 10 Shares
6 critical lease provisions your franchisees should negotiate or avoid.
- Karen Abrams
- 8,896 Reads 56 Shares
Trouble finding the best location? Advice and experience from these experts is bound to help.
- Sara Wykes
- 6,223 Reads 71 Shares
Family-run franchise operations can offer a blessing, or a curse. An example of the blessing would be the close relationships and high degree of trust that exists in many families.
- Kerry Pipes
- 36,491 Reads 78 Shares
One of the greatest motivators for entrepreneurs is to be their own boss, make their own decisions, and control their destiny.
- Eddy Goldberg
- 23,231 Reads 12 Shares
When considering an exit strategy there are four basic ways to leave (or transfer) a business: 1) to heirs or family; 2) to a key employee or team; 3) to an outsider; 4) to no one, by shutting it down.
- Eddy Goldberg
- 34,648 Reads 34 Shares
It's always a great time to get into franchising. Yet for entrepreneurs seeking to start and build their own business, some times are better than others to consider franchising as the vehicle for attaining their personal and business goals.
- Eddy Goldberg
- 27,078 Reads 56 Shares
We ended our previous discussion of service concepts with the point that many of these businesses are based on customers making the choice to trade money (surplus) for time (deficit). The example we used was maid services, where time-starved customers spend money to buy time they can spend with their family and friends.
- Eddy Goldberg
- 38,353 Reads 45 Shares
One of the best ways for a new franchisee to get in on the action in franchising is by choosing a nontraditional location. Why? For starters, try reduced franchise fees, lower overall startup costs, smaller real estate fees (none for kiosks!), fewer employees, and for some, the option of beginning part-time.
- Eddy Goldberg
- 56,867 Reads 48 Shares
Finding the best site for your new franchise unit (assuming your brand is not mobile or home-based) is a critical decision, one that should be based on the cold, hard facts: the numbers.
- Eddy Goldberg
- 43,723 Reads 7 Shares
Finding the best location for your brick-and-mortar unit takes teamwork and time to get it right for long-term success
- Eddy Goldberg
- 31,849 Reads 25 Shares
After years of easy money for financing a franchise (or anything else for that matter), capital available for starting and growing a business shrank considerably as the U.S. and global economies began to feel the first stirrings of the subprime lending meltdown and ensuing economic recession.
- Eddy Goldberg
- 57,357 Reads 16 Shares
Improve your site selection with data and analytics
- Jeff Sturgis
- 5,603 Reads 46 Shares
You've decided that franchising is right for you. You've done the research, you've narrowed down the categories and sectors that you think would best match your skill set; perhaps you've even picked a brand you'd like to join.
- Kerry Pipes
- 54,004 Reads 7 Shares
Franchising has matured since Ray Kroc opened his first McDonald's in 1955 in Des Plaines, Illinois. First-day sales at that restaurant were $316.12. In 2016, McDonald's annual sales topped $24.6 billion at nearly 37,000 restaurants in more than 120 countries -- with about 84 percent of those stores owned by franchisees. Daily sales per franchised store today? You do the math!
- Eddy Goldberg
- 89,266 Reads 228 Shares
Home-based franchise businesses appeal to entrepreneurs for many good reasons. For some, it provides a relief from the daily commute. For others it represents a break from the corporate rat race. For still others it means a chance to follow their passion and do what they love. But for all, it's a chance to take control of their financial future and build a business of their own.
- By: Eddy Goldberg
- 23,576 Reads 5 Shares
Going into business for yourself is a major life decision. One path is to start your own business or buy an existing one. Another is to choose the franchising model and buy into a proven system with a known brand name. Each path has its own promise, as well as its perils. Once the choice is made, the question becomes what type of business to choose.
- Eddy Goldberg
- 202,870 Reads 207 Shares
Type "franchise" into Google and you’ll get nearly 200 million hits (June 2017) -- a number that keeps growing every year. So what are the best sources? Which can you can trust to provide you with the information you want? Which ones should you avoid?
- Eddy Goldberg
- 45,802 Reads 1 Shares
Arby's Largest Franchisee Acquires 10 More Units in The West. US Beef Now Operates 360 Arby's Locations.
- Multi-Unit Franchisee
- 7,373 Reads 1 Shares
Harry Rose, founder and chairman of The Rose Group, is a winner. In 2016, for the second year in a row, Applebee's named Rose its Franchisee of the Year.
- Danielle Buenrostro
- 36,551 Reads 26 Shares
Franchisees take action by speaking out at a public hearing when a proposed IRS rule threatens the valuation of interests in closely held businesses.
- Eddy Goldberg
- 22,543 Reads 1 Shares
Robert Schermer, Jr., CEO of Meritage Hospitality Group in Grand Rapids, Mich., hails from the school of life that says, "Go big or go home."
- Debbie Selinsky
- 29,229 Reads 1,021 Shares
Are your real estate commission dollars working as hard as you are? You can put your commission dollars to work by aligning your interests with those of your real estate broker. Take control of the commission process and base compensation on results.
- Randy Airst and Susan Airst
- 33,205 Reads 6 Shares
Pedro Giorgana loves being a home-based franchisee of A Buyer's Choice Home Inspections and iHandyMan. He has time for his family and personal life and still gets to work with and assist his customers daily. It's been a rewarding and successful blend for him.
- Multi-Unit Franchisee
- 34,877 Reads 5 Shares
Robert Schermer, Jr., left his career in corporate finance 18 years ago to join Meritage Hospitality Group in Grand Rapids, Mich. In 1998, the company operated 22 Wendy's restaurants in Michigan; today it operates 177 in 8 states and also has four original casual dining concepts.
- 24,329 Reads 11 Shares
Franchising has proven to be a successful and popular business model since its mainstream inception many decades ago. Three constants have fueled its growth: the desire to expand, the need for capital to fuel that expansion, and the goal of operating seamlessly across large geographical distances.
- Dean Zuccarello
- 22,673 Reads 3 Shares
Tshimanga "Tim" Biakabutuka, born in Kinshasa, Republic of Zaire in 1974, came to the U.S. with his family when he was just 6 years old. The family settled in Canada, in the Montreal area.
- Kerry Pipes
- 22,632 Reads 22 Shares
Oklahoma multi-unit franchisee applies his military background and training to how he operates his 4 franchise locations. The common theme to his success is 'team.'
- Multi-Unit Franchisee
- 18,872 Reads
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