Personal Involvement of the Franchisee — That’s You
Item 15 of the Franchise Disclosure Document, or an FDD, explains the franchisor’s requirements for personal involvement of the franchisee. Maybe you’re looking for a turnkey business where you do very little or a franchise that will be your day-to-day job. Item 15 tells you what your expectations should be…
McDonald’s Franchisees Aren’t Lovin’ It
This last quarter marked the first drop in operating profits for McDonald’s franchisees in nine years. Franchisees aren’t happy about that. But many franchisees are angry because of what they see as the heavy discounting and undercutting McDonald’s corporate is doing in response. Ad Age reports that there have been…
Franchisor Owned Locations
What will you own, when it comes to your new franchise location, and what will belong to the franchisor? At some franchisees, the owners are wholly vested in everything, from the uniforms to the building itself. But other franchisors buy the location, lend or lease out equipment, and might even…
Home Improvement Franchises Have Some Real Advantages
We asked Lance Jensen, CEO of Global Garage Flooring & Design, to detail for our ABF blog subscribers, the real advantages to considering a Home Improvement Franchise. Following are his comments: Home Improvement Franchises: Home Improvement Franchises have some real advantages to them. Low Investment: These are usually home based…
Spring Clean — Cleaning Franchises
Cleaning franchises have some real advantages: this is work that always needs doing, it has to be done on the premises so you don’t have to have a storefront and you’re not in competition with online services, and the initial investment tends to be low compared with other types of…
Multiple Franchises: Competing, Complementary or Concurrent
If you choose to start two franchise businesses at once, you have three options: Competing: start two of the same franchise, such as two Great American Cookie locations. They may be competitors in the sense that they might split the market. Complementary: start two franchises that can support one another,…
Franchise Formulas For Top 100 Franchises
It seems like everyone’s offering a Top 100 Franchises for 2023 about now — or Top 10, Top 20, Top 500… We have our own list of Best 50 Franchises. Criteria for inclusion in these lists often include characteristics like these: Company revenue Age of company Overall health of company…
An Introduction to Master Franchising
Franchise business opportunities often appeal to entrepreneurs, veterans, retirees, and people who want to leave their day jobs. A franchise can be appealing to these groups specifically because a franchise can be simpler, require less investment, and involve less risk than a from-scratch start-up business. Let’s say that you have…
Franchise Earnings
Last week, thousands of fast food workers went on strike in New York City to protest their low hourly wages. At $7.25 a hour, fast food workers live well below the poverty level in New York and view franchisees as greedy businessmen raking in the dough. But as a franchisee,…
Is Part-Time Franchising for You?
Owning a franchise can be a full-time job and the only source of income for franchisees. But if you’re looking for a lower risk start in franchising, part-time franchising might be a good option for you. Part-time franchising while you keep your day job – or care for a family,…