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.
RECENT HEADLINES
April 27th, 2018
RESOURCE SPOTLIGHT
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HigherMe was founded by a former multi-unit franchisee to optimize the hiring process. Our technology ensures you're hiring better quality candidates, reduces turnover and saves time and money.
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
- 17,624
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
- 19,458
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
- 34,445
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
- 36,225
Senior Services franchisees earn an average pre-tax income of $123,000, which is the second highest among all franchise sectors according to Franchise Business Review's (FBR) survey of over 1,700 senior care franchisees representing 18 brands.
- Emma Pearson
- 4,866
Improve your site selection with data and analytics
- Jeff Sturgis
- 2,069
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
- 29,985
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
- 45,882
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
- 12,738
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
- 147,007
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
- 24,994
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SPONSORED Open a PJ's Coffee FranchisePJ's Coffee is expanding and we are looking for passionate and motivated entrepreneurs to join our winning team. |
Franchising is a business model that combines the best aspects of sole proprietorship and Corporate America. It can be described as a "hybrid" model that fills the gap between working for somebody else (whether a large corporation or a small business) and working for yourself.
- Eddy Goldberg
- 470,192
Arby's Largest Franchisee Acquires 10 More Units in The West. US Beef Now Operates 360 Arby's Locations.
- Multi-Unit Franchisee
- 2,619
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
- 29,063
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
- 18,533
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
- 19,010
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
- 30,196
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
- 29,612
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.
- 20,380
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
- 19,996
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
- 14,331
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SPONSORED Open a Row House FranchiseRow House is a network of premium boutique indoor rowing studio, delivering a low-impact, high-energy workout focused on generating team energy. |
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
- 13,670
Texas multi-unit franchisee and Multi-Unit Franchising Conference board member Bill Hall elected to serve as IFA's treasurer.
- franchising, leadership, dairy queen, multi-unit franchisee, investing, ifa
- 11,214
California mega franchisee Sunny Ghai shares his insight on how he evaluates adding new brands.
- Multi-Unit Franchisee
- 10,477
As senior vice president and chief investment officer of Impact Properties, Shirin Kanji is in charge of all of the Tampa-based company's investment-related activities.
- Helen Bond
- 8,334
Multi-unit franchisee Gary Moore has spent most of his life in the restaurant business, assuming nearly every available job title along the way.
- Helen Bond
- 5,691
Study says franchise businesses to continue growth trend in 2016, outpacing economy-wide pace. But regulations continue to impede potential
- Multi-Unit Franchisee
- 8,309
Cambridge Franchise Holdings acquires 42 more Burger King restaurants and 5 convenience stores in Tennessee, Mississippi, and Arkansas.
- Multi-Unit Franchisee
- 9,317
New Franchise Business Review "Best of the Best" report highlights the most satisfied franchisees in the business.
- Multi-Unit Franchisee
- 6,808
There are many misconceptions about how to go about valuing your business. In general, most business owners have a value in their mind that is usually several times more than the actual value a sophisticated, competent buyer ultimately pays.
- Rod Bristol
- 9,036
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