While embarking on a franchise business journey is exciting, it’s equally important to plan for the future—including the possibility of an exit. A franchise exit strategy outlines how a franchisee [ … ]
Tag: how to buy a franchise
The Best Questions to Ask an Existing Franchisee.
When considering a franchise opportunity, it’s crucial to gather as much information as possible to make an informed decision. One valuable source of insights and experiences is fellow franchisees who [ … ]
Buying a New Franchise vs. Buying an Existing Franchise Business
When considering entering the world of franchising, one important decision to make is whether to buy a new franchise or an existing franchise business. Both options have their advantages and [ … ]
How to Compare Two Franchise Businesses: A Comprehensive Guide
When considering investing in a franchise business, it’s crucial to compare different opportunities to make an informed decision. Comparing franchises allows you to assess their strengths, weaknesses, and potential for [ … ]
Why Franchisors Take Franchise Fees: Understanding the Value Exchange
When considering buying a franchise, one of the initial costs that franchisees encounter is the franchise fee. This fee is a one-time payment made to the franchisor for the right [ … ]
Royalty Fees in Franchise Business: Understanding the Value Exchange
In the world of franchising, one term that often comes up is “royalty fees.” Franchisees are required to pay these fees to the franchisor as a part of their ongoing [ … ]
Key Points to Consider Before Buying a Franchise
Purchasing a franchise can be an exciting and rewarding business venture. However, it is essential to approach this decision with careful consideration and thorough research. In this article, we outline [ … ]
Unveiling the Benefits of Hiring a Franchise Consultant
Navigating the world of franchising can be a daunting task for aspiring entrepreneurs. With a multitude of franchise options and complex decision-making processes, seeking guidance from a franchise consultant can [ … ]
What is a Unit franchise?
A unit franchise is a type of franchise agreement in which an individual franchisee operates a single location of a franchised business. Unit franchises are the most common type of [ … ]
Who are the franchisees?
A franchisee is an individual or business that has purchased the right to use a franchisor’s business model, trademarks, and operating systems in exchange for an initial fee and ongoing [ … ]