Franchisee resource center

How to build a basic set of financial projections (your mini business plan in numerical form) to estimate the potential profit of a franchise investment.

It’s been quite some time since we’ve started to fight this war against an invisible enemy. Just as the news reports - individuals and businesses have been heavily impacted by the virus and we’ve had to adapt to the situation in ways we’ve never expected or experienced before. And more importantly than ever, the community's ability to come together and rally support for one another is one of the key factors to us riding out this pandemic.

View this case study from the franchise space that gives us hope, and can teach all owners (and potential franchise owners) a powerful lesson about resilience.

When you should open your business is just as important as where you open it. Here are several resources and a spark of hope around starting a franchise in a down economy.

With the COVID-19 ravaging through the globe, tourism has (almost) come to a complete standstill. Planes are now grounded, agencies are offering refunds and tourist attractions are being shut down. Remember when we said that the travel & tourism industry was one of the top picks to get into at the start of this year? If you missed it, you can find it here. 

A master franchise is one that is managed by a master franchisee - an investor who pays the business owner, or franchisor, an initial fee to secure the rights to scale the business under its brand name in a specified region. From that point onwards, the master franchisee acts as the franchisor of the brand within that territory, taking on responsibilities such as recruiting, training and supporting other franchisees in various aspects such as marketing, operations and more. The initial franchise fee that these franchisees pay them can be retained by the master franchisee, who can be regarded as a mini-franchisor, managing and expanding the businesses within the territory he takes on.

It’s already a month into the new year and 2020 new year resolutions aside, it is a good time to take a look at your business plans for the year, whether you’re looking to start a new business or buy a franchise. Many budding entrepreneurs still have the big question of which industry has the most potential for them to dive into looming over their heads. If you are one of them, fret not - take a look at some of these insightful trends we have discovered.

Cracking your head over what to get your significant other this valentine’s? Fret not! Edible Arrangements provides you the perfect last-minute solution for valentine’s day gift buying. They are a franchise-based business specialising in fresh fruit arrangement, allowing for a marriage between the concept of fruit baskets and flower arrangement designs. Their products are made fresh daily, hence you have no excuse for needing to get your Valentine’s day gift way in advance, lest you want to send a bouquet of stale fruits. If you’re still clueless on what to get, Edible Arrangements offers options such as sculpted fruit floral arrangements, gift baskets made with fresh fruit, smoothies, yogurt and more fruit-related products!

Happy National Pizza Day to one and all! Happening on February 9th each year, National Pizza Day is a day for all of us to sit back and enjoy that delicious slice of sauce-covered baked good. Pizza Is always good in any form - whether you like your pizza plain as a cheese slice, or overloaded with tons of ingredients.