Franchise Opportunities
Franchise Opportunity Weekly seeks to encourage franchise ownership by providing timely, relevant, exceptional ideas and strategies for aspiring entrepreneurs interested in starting their own franchise business. You'll learn from articles on financing a franchise, secrets to success in franchising, and from franchise experts rating franchise opportunities that may be a good choice for you.Friday, 25.07.08
Restaurant Franchises
Restaurant franchises in America come in all shapes and sizes serving food from cultures all around the world. Americans young and old dream of owning a successful food franchise. If you're thinking of getting into the restaurant business, proceed slowly and have a clear plan in mind.
Franchise selection in general is typically a 3-step process: the investigation, the evaluation, and negotiation. In the case of a Restaurant franchise, the first consideration should be location, location, location. Not only the physical location of your restaurant but the types of food the nearby community might enjoy. When validating a restaurant franchise always start with available locations and the procedure for which locations are awarded. If you find a location in your community, do you have the ability to secure the location and open your franchise there? How long is the waiting list for a location? Do you have an exclusive territory and what is the size of that territory?
Since a restaurants location is so vital to your success, there's no point in wasting time with the investigation or evaluation if you can't get the location you're looking for or a sizable franchise territory in which to operate. Franchisors won't necessarily want to go down this path first but it may be to your advantage.
Area demographics including population, disposable per capita income, education and maybe even ethnicity are critical to the success of your restaurant franchise. Is your restaurant accessible to drive-by traffic? Is it a heavily-trafficked location? All of these considerations are critical to the success of your franchise.
In a Restaurant Franchise having adequate capital to operate your business is perhaps more important in this franchise category than in any other. It's difficult to tell how much money you will need. Ask the franchisor to provide you with a financial plan in the various stages of ownership.
Which food franchise model fits your lifestyle?
Food franchises can be either sit-down style, quick-casual restaurant franchises, fast-casual, fast food, and even ice cream, smoothies, and coffee franchises can fall into the restaurant category. Some may be open for breakfast only while others for dinner only and, of course, your typical coffee shop franchise would be open from sunrise to late evening. Which franchise fits your lifestyle?
If your interested in a food related franchise make sure your risk tolerance level is high. Food patrons can be a fickled group and competition from other brands is stiff. Again, location, location, location.
Tuesday, 08.07.08
Open a Franchise Business in 2008
You made a New Years Resolution to open a franchise. Yet,one thing has lead to another and you find yourself still stagnating in your job and unhappy with the prospects for the future.
You have to jump in with both feet and there is no better way to get started than with a franchise. There are more franchise opportunities today than ever before. The challenge is to find a franchise that best fits your start-up budget, interests, your skill sets and is available in your community. Online resources are making it easier than ever for entrepreneurs to find the franchise that’s right for them.
“In pre-Internet days, finding and launching a franchise was labor-intensive and time-consuming,” says Bill Bradley of AmericasBestFranchises.com, a online Franchise Directory website that provides information on hundreds of franchise opportunities. “Now it’s as simple as going online, plugging in a few search parameters and requesting more detailed information on the opportunities that interest you.”
“Successful franchise operators recognize that their role is more manager than actual operator,” Bill Bradley points out. That means you don’t have to be an expert in child care to manage your franchised daycare enter. “Remember, you’re working ‘on’ the business, not ‘in’ the business,” he says.
In a recessionary economy, Franchise businesses flourish. Here are a few franchise categories that are poised for very strong growth in 2008, Bradley says, They are:
1. Business Services – As the economy declines, franchises that provide support services to help better efficiency and meet budget constraints are in high demand. These include staffing agencies, financial services, business signage, business consulting and business coaching services.
2. Children's Franchises – If you love working with children, you can find a variety of child related franchises including home based tutoring opportunities, child art franchises, child care and more. “In virtually every community in the country, you can find a child-related niche to fill with your franchise,” Bradley says.
3. Restaurant Franchises – The success of franchising in America was launced by Ray Kroc of McDonalds and today opportunities in this sector now far exceed a classic fast-food operation. From gourmet coffee to sub sandwiches,to pizza franchises, food and beverage franchise opportunities have developed to meet the changing tastes of consumers.
4. Home Based Businesses - In a down economy earning extra income for the family is always an option. Today, there are a variety of low cost franchises you can work full or part-time from home that might provide some financial relief. Choose from Pet Services franchises to Child Tutoring, Vending Machine opportunities,coffee distributorships and more. . “These franchise businesses are doing very well largely because the business models are now tried and true. They offer flexibility to moms and are very affordable, Bradley says.
5. Home Health Care – With demand for this type of service high and growing, it’s not difficult to secure contracts or find business for a home health care service, Bradley says. Aging baby boomers will continue to drive demand for this type of service, and a new franchise can easily see its business grow to 100 caregivers and hundreds of clients in the first year of operation. As more entrepreneurs enter the field, however, franchise territories will become scarce, he predicts.
To find the franchise opportunity that’s right for you, visit www.AmericasBestFranchises.com, where you can search opportunities by geographic region, industry category or even by the initial investment cash required to launch the franchise. The site also offers features such as “A Day in the Life,” in which successful franchise owners talk about their businesses; community message boards and even a question and answer section.
Monday, 30.06.08
Franchises Bring Out the Entrepreneur in You
Mature franchises like McDonalds, Subway, Domino's Pizza and many large franchise brands know how they became successful and have a clear idea what lies ahead for them. Franchises and their business model evolve over time and improve as they expand territorily and add franchisees. What they perceived for themselves in the very beginning isn't at all what they are now.
The emergence of "the Franchise" all started in 1952, when Ray Kroc convinced Mac and Jim MacDonald to let him franchise their business model. Today, McDonald's is considered "The Most Successful Small Business in the World." Most important, Ray Kroc created a prototype business, a business model, upon which the franchise industry was born. In the year 2000, Franchises produced $1-trillion in sales a year which equates to almost 50% of every retail dollar spent in America and had more than 8 million full and part-time people.
As a result of Ray Kroc's vision, the American dream of business ownership is alive and well. Buy a franchise and in almost every case, you will be trained to fit the mold of the business model the franchise has adopted. If you don't have specifc previous experience in a particular business, but have general business skills, the franchise will transform those business skills into their specific model to bring out the best entrepreneur in you. Re-invent your self in a whole new industry.
So, if you want to own a franchise business, don't concern yourself with past experiences. Research a franchise category i.e. food franchises, coffee franchises, or children's services and find a business model that is appealing to who you are. A good franchise will bring out the best entrepreneur in you.
Monday, 23.06.08
Franchise Opportunities for Women
Franchise opportunities for women have grown exponentially in recent years. Some of the best women's franchises range from delivering children's music to providing adult fitness. If you desire to join the ranks of these women entrepreneurs, then numerous franchise choices await you. Whether you have a minimal amount of money to invest or a desire to work from your home, here are a few of the best franchise opportunities for women:
Edible Arrangements
Ranked as one of the fastest-growing franchises by both Inc. and Entrepreneur magazines and #49 in the Entrepreneur Magazine Franchise 500, Edible Arrangements provides a turnkey system and continuous support that has made it #1 in its category. Considered a mobile franchise system, Edible Arrangements franchisees create and deliver high quality, fresh fruit arrangements for every occasion. Edible Arrangements has a $50,000 cash requirement, a franchise fee of $25K and a minimal 5% royalty fee with third party financing available.
The Maids
Ranked #1 in the category of residential cleaning franchises, The Maids holds the #42 spot in the Franchise 500 and is one of the fastest growing franchises in North America. This 4-person team-cleaning concept includes in-depth corporate training and comprehensive marketing support. Founded in 1980, The Maids is a time proven pioneer in the residential cleaning industry. Third party financing is available with a $50,000 cash requirement.
OccasionOgraphy
The perfect home-based business opportunity with minimal monetary investment, OccasionOgraphy provides the franchisee with the tools and guidance to create personalized products for events or special occasions. OccasionOgraphy was the recipient of the "2006 Business Opportunity of the Year" from the International Association of Mothers Working at Home and the "Model of Excellence in Home Businesses" from Platinum Television's Today's Family. A minimal $495 capital investment provides a sound business model with comprehensive training and support.
Snap Fitness
For those women interested in fitness, Snap Fitness offers a unique and growing business model in the health and fitness arena. This franchise opportunity provides a low membership fee and a flexible 24-hour a day card-key locking system so members can pop in for a workout on their schedule 24-hours a day, 7 days a week. The Snap Fitness franchise concept offers low operating overhead and state of the art equipment including a high level surveillance system. Third party financing is available with a $30,000-$50,000 cash requirement and a $59,750-$184,200 capital investment.
Gigglemedia
Kids and music are synonymous. Add their favorite characters from Disney, Barney, Sesame Street and more and you have a sure fire product that has sold millions. This low cost, flexible and portable franchise opportunity is the perfect women's home or retail based business that can be worked full or part time. Combine fun and ease with a low capital investment and high profit, and you have Gigglemedia. The turn-key system creates on-demand personalized children's CD's with their favorite characters through your personal computer and easy to use software. With a total capital investment of just $899 Gigglemedia is an affordable alternative for women entrepreneurs who want to focus on children.
Whether your desire is to quit that corporate job to be your own boss or to work from home and spend more time with your children, there are a myriad of women's franchise opportunities available today to meet your needs no matter the motivation.
Thursday, 19.06.08
Is this a great time to own a Franchise Business?
The economy is down in the dumps. Food prices are sky-high. Gasoline prices are even higher. So why is it a great time to buy a franchise business?
Simply put, franchises represent the safest way to be "in business" and control your destiny. If you're concerned about the stability and income potential of your job, maybe right now is the time to take charge of your life. Instead of going out on your own, isn't it better to follow a business model that's been tested by dozens or even hundreds of other franchisees across the country? Isn't it better to be operating with a well-known franchise brand that has national and regional advertising behind it? And isn't it better to work with experienced business professionals who can give you advice and support along the way? Because that's what franchising is all about.
Here's how franchising works. A franchise business is a brand that can be a product, a system, or a service, or a combination of all three. The franchisor develops the brand, and it also develops a very detailed system for making sure that the brand's quality is maintained at a high standard. You (the franchisee) buy the right to use that brand name and sell the products or services, usually within a specific region that is reserved for you. In return, you: 1. Make an upfront payment; 2. Promise to abide by the procedures to uphold the brand's quality; and 3. Make a monthly "royalty" payment and a payment for a national advertising payment to help keep the brand strong.
Usually, the franchise arrangement has special benefits, too. For example, you will be able to buy products that you sell in your business (such as food ingredients for a sandwich shop) at special prices and through approved vendors. This will not only save you money, but it will simplify your ordering system.
Overall, it's a win-win arrangement. You have incentive as a business owner to run your franchise store or service as well as you can. After all, the more customers you get, the more money you will earn. Your franchisor has an equally strong incentive to do the research, marketing, and product testing to keep the brand at its best. If you aren't successful, then the brand will suffer, and your royalty payments to the franchisor will fall.
Franchisees come from all walks of life and with all levels of experience. It's probably best if you work in a field where you have some prior knowledge and interest - but it's not necessary. If you like cars, maybe a MAACO body shop franchise or AAMCO franchise makes the most sense. If you have worked in restaurants, then a food service franchise is great. If you love pets, Pet Butler would be a top franchise choice. And if you love kids, there's everything from tutoring franchises to play facilities to birthday parties, and more.
Whatever business you choose, your franchisor will bring you to its corporate headquarters for one or two weeks of intensive training. You will be handed a notebook that's gives detailed instructions on how to run every part of your business. Remember, that since your franchisor is "in business with you," it wants you to succeed.
Maybe you are thinking that you can't afford a franchise. Actually, many new franchisees launch their businesses with loans from the U.S. Small Business Administration, which has pre-negotiated arrangements with many franchise developers so that franchisees can cut through the paperwork and get below-market-rate loans in a matter of weeks.
Older articles:
14.06.2008
06.06.2008
02.06.2008
- Home Health Care Franchises
- Franchising...Give Yourself a Chance
- The Dos and Don'ts of Buying a Franchise...
- Franchises for Sale - Which is the Right Franchise
01.06.2008
15:07:40 -




