FAQ

Any additional advise when I purchase a franchise?

Posted by on Mar 23, 2016 in FAQ | Comments Off on Any additional advise when I purchase a franchise?

Answer: Always take legal advice before signing any franchise agreement. Your lawyer has to ensure that the agreement is fair for both parties. Your accountant will help in evaluating the profit potential of the franchise opportunity.

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Can I sell my company when I desire to move on?

Posted by on Mar 23, 2016 in FAQ | Comments Off on Can I sell my company when I desire to move on?

Answer: If your franchise business is trading profitably, then you must have the ability to sell it like other company. Your franchise agreement will explain the processes that are associated with selling business. If your company is not making a revenue, then it will be hard to discover a purchaser.

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Which franchise is right for me?

Posted by on Mar 23, 2016 in FAQ | Comments Off on Which franchise is right for me?

Answer: The best franchise for you is not necessarily the company that makes the most cash! Buy a franchise which matches your way of life and is interesting to you. You are much more most likely to enjoy your work if you like the items that you are marketing!

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How do I raise the funds needed to purchase the franchise?

Posted by on Mar 23, 2016 in FAQ | Comments Off on How do I raise the funds needed to purchase the franchise?

Answer: Most banks have unique units set up to assist possible franchisees. In many cases the franchisor has actually done the effort for you and organized special terms with loan provider!

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What’s the very first step to purchasing a franchise?

Posted by on Mar 23, 2016 in FAQ | Comments Off on What’s the very first step to purchasing a franchise?

Answer: Do a search on the internet for the following: “franchise”, “business franchise” & “franchise opportunity”. You can likewise purchase publications that specialise in franchises and of course, you should attend franchise exhibits where you can satisfy the franchisors or their agents and ask questions.

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How much does a franchise business cost?

Posted by on Mar 23, 2016 in FAQ | Comments Off on How much does a franchise business cost?

Answer: There are no set prices for a franchise opportunity. Depending upon your spending plan there are franchises to suit many people varying from only a few thousand, to over a million.

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Is it better to purchase a franchise opportunity or start my own business?

Posted by on Mar 23, 2016 in FAQ | Comments Off on Is it better to purchase a franchise opportunity or start my own business?

Answer: Based on the studies performed by the United States Department of Commerce & NatWest/BFA, the bulk of franchisees are still trading successfully after 5 years. Everyone understands that most of individuals who start in business by themselves, I am unfortunate to state, wind up failing within the first 3 years. When you buy a franchise company, in return for a franchise cost, you receive training and ongoing assistance. You likewise benefit from the understanding that the franchisor has gotten over several years.

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What is a franchise?

Posted by on Mar 23, 2016 in FAQ | Comments Off on What is a franchise?

Answer: A franchise is, in its easiest terms, a contract between the franchisee and the franchisor, wherein the franchisee has the rights to use the logo designs and hallmarks of the franchisor and the capability to region the franchisors products. Both parties dedicate to a legal agreement which safeguards both their interests. The franchisee usually pays a preliminary franchise cost and continuous royalty payments.

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What is franchising?

Posted by on Mar 23, 2016 in FAQ | Comments Off on What is franchising?

Answer: Franchising is where you purchase the rights to a business principle, trademarks & know how. In return you pay a franchise cost and a portion of your earnings.

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