Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

Time Saving Tips for Franchise Shoppers

Time is a precious commodity these days and although buying a franchise is a time consuming process, there are ways to cut to the chase. Of course you should do your due diligence, but first make sure you’re focused on viable choices. Here are some tips to quickly identify the best franchise opportunities for you so no time is wasted.

  1. Know what you want. Before you even begin shopping around, clarify what you want in a franchise business. Make a checklist of the characteristics you’re looking for. Use your checklist to quickly weed out franchises that don’t fit the bill.
  2. Know your limits. Have your accountant help you determine how much you can invest. Then look in the FDD/UFOC to find the amount of net worth and liquidity that's required by the franchise. Don’t waste time investigating a franchise you can't afford.
  3. Look for open territory. Ask the franchisor if there are opportunities available in the area where you want to locate your business. If not, look elsewhere.
  4. Review Item 3 in the FDD/UFOC. That’s where the franchisor is required to disclose any relevant litigation history. It will give you clues about the organization’s relationships with its franchisees.
  5. Don’t bet on bad odds. Check the franchisor’s failure rate. You’ll find it in Item 20 in the FDD/UFOC. If the track record doesn’t look so hot, it’s probably not. Move on.
  6. Have the right stuff. A good franchisor will tell you what characteristics and skills they expect from franchisees. If you don’t measure up, you’re wasting your time and theirs.
  7. Get the inside scoop. Find out if a franchise is a good match for you by talking to the company’s existing franchisees. Get on the phone and start asking questions. You’ll quickly get a sense of what it would really be like to become a franchisee in this system.

To learn more about franchise opportunities and business opportunities, visit us at FranchiseHelp

Best Frozen Yogurt Franchise Opportunities in the USA

As the frozen yogurt industry has matured, the leading frozen yogurt franchises have maintained growth not only by continuing to expand their footprint across the USA, but by expanding their menu offerings as well. The popular topping bar concept, for example, is becoming an industry standard, and many frozen yogurt franchises have begun to offer products such as vitamin-enriched smoothies, froyo cakes, and other similar treats.

Considerations for Developing a Franchise System

This article briefly outlines some of the key factors -- brand identity, policies & procedures, expansion targets, and management systems -- that businesses need take into consideration when evaluating whether their concept is ripe for franchising.

Best Franchises for Young Entrepreneurs

Politicians, academics, and corporate leaders alike love to proclaim that the "dreams of the youth" will drive our country's economic future. It's a fine sentiment, to be sure, but many of these same leaders, blind to the realities of the modern American (and global) economy, seem to incorrectly believe that these youthful dreams include following the increasingly unreliable path of earlier generations. Get a clue!