The Franchise Crash Course is almost ready! Can you help us out?
We're so close to finishing our long-awaited Franchise Crash Course, and it'll be coming out in a few weeks.
But before we release the course we want to make sure we've covered everything that's important to you.
Can you take 2 minutes to let us know the most important things we NEED to cover in the course?
You can take the 2 minute survey here (and get a little more detail on the course).
How Much Do You Have to Spend?
Whether you’re purchasing a whopper from Burger King or joining the Burger King franchise system, the old mantra holds true: there’s no such thing as a free lunch. When you first get started running a franchise you need to pay a fee to allow you to enter into that franchise. These fees are the largest fees that you will normally pay a franchisor and typically range between $5,000 and $1,000,000 depending on the franchise. The franchisor charges this fee as a way to recoup the costs of expanding the franchise and to continue to grow. From a franchisee perspective, this is a major outlay and can take a long time to make back, but is a necessary step. Aspiring business owners must understand how much capital is available to them so they can ascertain how much they can afford. The cash you have at your disposal is known as liquidity, and there are numerous ways to increase your liquidity above the balance in your bank account. As a result, many people don’t realize how much capital they actually can use for investments, like launching a franchise branch. We’ll run through some of those methods below.
Debunking Franchise Myths
Success is guaranteed.