Franchisee Troubles
Hashim Syed once received an award from 7-Eleven for running “the best store in the country.” But now he’s under fire from the franchisor after speaking out against the company on WBEZ Chicago on April 8. One week later, inspectors from the franchisor came out to check up on the…
Lessons from UPS and The Hagan Brothers
A legal battle is heating up between UPS and two brothers who are UPS Store franchisees. The combatants are suing and countersuing and accusing each other of all kinds of illegal and breach-of-contract behavior. While it remains to be seen how this case will play out, there are a few…
Choosing a Franchise: Quality Control
McDonald’s is the quintessential franchise example for many reasons, but one of the most important has to be the concept of standardization. Travelers could be sure of what they were getting at McDonald’s, so the sight of the Golden Arches during a long road trip could be a relief. One…
Just One Franchise: Vom Fass
Named German Retail Franchise of the Year in 2012, Vom Fass brings the world’s largest selection of oils, vinegars, spirits, liqueurs, and wine to American foodies through franchises. Johannes Kiderlen transformed his father’s business into a franchise focusing solely on these four products in 1994, and now the franchise is…
Choosing a Franchise: Trust
The goal in franchising, for many people, is to be able to follow a franchisor’s business model and see results. Instead of doing research and wasting money on trial and error, people figure, they can follow the franchisor’s system and bypass the hardest parts of starting a business. This makes…
Just One Franchise: BullChicks
Most quick service restaurant franchises use a small menu that reduces the amount and variety of food they need to stock and allows for standardization in food prep. BullChicks, on the other hand, has developed a completely customizable menu of 20 burgers, 20 wraps, and 20 salads as well as…
Franchise Business’s Profit and Loss
When you’re searching for the right franchise, you’ll have lots of documents to read, plenty of people to talk to, and advice from all sides. One piece of the puzzle that many future franchisees overlook is the business profit and loss statement (P&L) from your potential franchisor. A P&L lists…
Just One Franchise: Rytech
They say April showers bring May flowers but spring showers can also bring water damage and headaches for homeowners and insurance companies. Water damage was the second most popular insurance claim between 2004 and 2008. Homeowners are seven times more likely to experience water damage than fire damage and six…
Do You Want to Be a Ground-floor Franchisee?
Should you franchise with an established brand or a newcomer? If you’ve found the perfect franchise business opportunity, you may not care whether it has been around for two years or for a century; if you’re still scouting around, this might be a factor that helps you decide. Established franchises…
Employee Retention in a Franchise Business
When you’re selecting a franchise, you might think about your possible income, how much the business appeals to you personally, and what each franchise business opportunity’s chances of success might be in your hometown. You should also consider day to day management, and that includes hiring and retaining good workers….