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Franchise News Clips

A curated list of franchise-related news articles by the FranchiseHelp team

11/17/21

1851 Franchise - Can You Get Wealthy Owning a Single Franchise Unit?

Revenue models are often more projectable for multi-unit owners, but single-unit ownership can still draw serious income. In April, 1851 Franchise conducted research showing that the salary range of a non-franchise restaurant owner can range from $24,000 to $155,000. This wide margin shows that different kinds of franchises are equipped to handle multi-unit ownership better than others, as a $155,000 salary suggests a business owner has to spend more time working. It also shows that a single unit can bring wealth for a lot of franchise owners. Not everybody needs to own multiple franchises to earn a six-figure salary...


1851 Franchise - What Is a Franchise Fee?

Franchise fees are normally accepted as a means to join into a franchise brand for business operations, and as a means for a franchisee to commit to their franchisor. A franchise fee is, most often, a one-time payment that a franchisor collects from a franchisee. These fees are often one of the final steps toward investing into a franchise brand – and they are often the final turning point for franchisors to hand over a franchise to a prospective franchisee...


Entrepreneur - 5 Sales and Marketing SaaS Solutions That Will Empower Franchise Owners

Franchise revenue and growth are alive and well, defying dire predictions that the pandemic would kill business growth. According to Statista, more than 760,000 unique franchise locations exist in the United States alone, generating more than $780 billion in economic output and employing 8 million people. The most popular of these franchise segments are quick-service restaurants, which generate $250 billion, and include brands such as McDonald’s, KFC, Burger King and Wendy's. Another highly popular segment is business services, which generate over $100 billion...




11/10/21

AllBusiness - Should I Franchise My Business?

Your business is running successfully and is being received well by all. Things are going so well you start to wonder whether you should franchise your business. Here, we will provide some information to help you make that decision in a well-informed, strategic way...


FranchiseTimes - Why Emerging Franchises Should Uphold Brand Standards 'At Any Cost'

Jersey Shore natives and longtime surfers Rob Giuliani and Abby Taylor founded acai and smoothie bowl concept Playa Bowls in 2014 with no intentions of franchising. “We thought we were sellouts if we started selling our brand to other people. We didn’t understand the true concept of franchising, and we kept saying no to it,” Giuliani admitted, until early 2016...

11/02/21

FranchiseWire - The Secret to Attracting Multi-Unit Franchisees

The first rule of thumb when marketing anything to anyone is to know your buyer. Just as franchise owners differ from start-up business owners, multi-unit franchisees are different than single-unit franchise owners. Those looking to invest in multi-unit franchises typically have more capital, more resources, they are less hands-on with daily operations within the franchise, and their future goals are likely on more expansion versus the specific growth of one location... 


StarTribune - Ask a Consultant: What's the Best Way to Get Financing for a Franchise?

New franchisees need to come up with about 30% cash. This leaves a 70% gap to be filled with bank financing or some other source...  


10/28/21

StarTribune - Ask a Consultant: Tips for Becoming a Franchisee

Franchising allows entrepreneurs to buy into a model with a proven track record, but taking the leap requires due diligence...


10/08/21

1851 Franchise - How Do Franchise Owners Get Paid?

A franchisee can turn a profit several ways, including via sales, service transactions and a possible yearly salary, if they choose to take one...


1851 Franchise - Lessons From Franchise Execs: Stacy Anderson, President, Anytime Fitness

Leading a brand re-positioning takes a lot of strength. Hear how the leader of this fitness brand builds trust with franchisees to help them during this process...



8/17/21

1851 Franchise News - How Do You Do Due Diligence on a Franchise?

Before signing on the dotted line with a franchise, it is imperative to do the proper due diligence, which means conducting the research required to get a full understanding of the brand and the franchise requirements...


Entrepreneur - 5 Ways to Win the Post-Pandemic Franchise Buyer

A year ago, you could barely open a news source without seeing headlines of workers losing their jobs in record numbers. But today, the headlines have changed. People are not returning to plentiful jobs in the hopes of finding something better, even as enhanced unemployment benefits begin to dry up. For franchise sales, this means a larger and more motivated pool of franchise candidates than has been seen in years. No, this is not going to be an article about how easy franchise sales are right now. In fact, franchise sales have always been and will always be a complicated mutual courtship.



07/12/21

Franchise Times - Here’s What IFA’s New President Is Planning

At the beginning of the pandemic, Matt Haller told the team at the International Franchise Association that everyone was essentially a case worker now—any issues that came up in franchising and the small business community, they were on it…


CNBC - What McDonald’s minimum wage raise says about fast-food franchise future

For Tom Locke, his tipping point on staff wages came back in March, during a conversation with a tired store manager, Heidi, in Coventry Township just outside Akron, Ohio...

03/29/21

Franchise Times - COVID-19 Vaccine Incentives to Consider From Franchisors and Franchisees

As the world races to get people vaccinated to curb the pandemic, business owners are getting creative in their approach to help keep employees and customers safe. Brands are offering special deals for fully vaccinated card holders, called a vaccine "passport" by some, such as Krispy Kreme giving away free donuts through the end of 2021 to customers who show a valid vaccine card—an offer which extends to all 369 stores in 41 states. Retro Fitness, a 15-year-old fitness franchise with more than 120 gyms open and in development, announced a $0 down and no commitment membership to vaccinated individuals starting April 1...



03/08/21

JD Supra - Women Returning To The Workforce: Tips For New Franchisees

The pandemic has had a disproportionate effect on women, with nearly 3 million women having left the workforce since the start of the pandemic. However, there have been a record number of new business applications filed throughout the country, according to the U.S. Census Bureau…


Forbes - The Ebb And Flow Of Franchising In The Real Estate Industry

When we think of the word "franchise," most of us visualize the same thing: a business in a box, a recipe that, if followed, should lead to success based on historical examples within the organization. Tech, training, tools, marketing and vendor partnerships are just some of the beneficial staples you'd want with a good franchise offering...