Guide To Buying A Franchise

This article lists the sources you can avail of on-line, in researching and finding the right franchise or business opportunity for you. For more information on real life franchisees and how they discovered the perfect franchise for them, view Finding Explorer Travel Franchise Success story.

There are many advantages of franchise ownership, which outweigh the disadvantages in the long run. Advantages include being your own boss; tried and tested business model; recognized brand name; expert training and on-going support; large market potential; exclusive territories and much more. View Coffee Republic’s inspiring success story on franchise ownership…

One of the most important elements of your franchise research is to assess how much funding you are going to need to set up and operate the franchise. You should have clear financial objectives and this should be stated within your Business Plan. A business plan will clearly define what your financial costs will be for the first-year of the business.

After analysing the franchise agreement, it should state if you require setting up the franchise within a specific location. Location of your franchise is central to the success of the business in the short and long term of its operation. Read this article for key tips on choosing the right location for your business.

This article applies to existing franchisees who are now looking to buy into a much bigger franchise or business opportunity- multiple or territory licenses. To find out more information on what are multiple franchise and territory licenses, click on the link provided.

Do you know what “franchising” is? Find an up-to-date summary of franchising and what it means for potential franchisees.

Do you know what “franchising” is? Find definitions of the term franchising by clicking on the link provided.

Do you want to know how a franchise system works? You can find out by clicking on the link provided. Read an explanation of the franchise system plus a real-life franchise success story highlighting how franchising works.

When choosing to invest in a franchise or business opportunity, you must first assess your personal and professional skills and decide what your strongest and weakest skills are. List your skills by order of preference, so if you like organising; list this as your priority skill. Knowing who you are and what you’re best skills are will be a determining factor in what franchise or business opportunity you decide to invest in.

For a brief history overview of the origins of franchising and how it all started, click on the link provided.