The Power of Franchising in America- By the Numbers

The importance of the American Franchise system cannot be overemphasized. Since the 1840s, when German brewers granted rights to taverns to craft their beer, the system made its way across the pond to gradually become the major force in American business that it is today.   Franchise Facts There are 825,000 U.S. franchise businesses 40.9 … Continued

Financing Your Franchise Dream from an Unexpected Source

Did you know that you could finance your business from your 401K or IRA without incurring a tax penalty? When we say finance, we mean all costs associated with your business from living expenses until you get profitable to franchise fees. Economy Affects 50+ Age Group Our economy has changed dramatically in the past eight … Continued

Locking into the Franchise Formula

One of the main differentiators between buying an independent business and purchasing a franchise is the franchise formula. But what is a franchise formula? It is a proven model for marketing and operating a business from lawn care to garage door installations to educational systems to cupcake shops to a fast food restaurant. Independent businesses also … Continued

What Does a Franchise Cost and What is the Money For?

As one who offers franchise opportunities, typically the first question asked by interested people is how much does it cost to become a franchisee and what does this include? To answer this question it needs to be understood that a franchise is a system—usually including proprietary methods, training, a brand name and support from experts—for … Continued

Small vs Big Franchises

Franchising is a uniquely American business model. In fact, the entire idea of selling a proven business formula to others with support over a period of years in return for royalties became popular in the US just after WWII. Since then, franchises have grown to account for a third of the businesses in the US … Continued

Scouting Franchise Locations in Wilmington

As part of my role as franchisor, I get to become involved with the start-up process. I spend a great deal of time with our PCA (Postal Connections of America) franchisees doing just that. It allows me to contribute to the success of the store, it supports the franchisee and keeps me connected to the … Continued

8 Steps to Take Prior to Buying a Franchise- Franchise Fred

As with any major purchase, especially one that will become your life’s work, perform your due diligence. Below are eight steps you need to take prior to buying a franchise: Make sure your own finances are in order. Franchisors will want to know that you are financially secure before awarding you a franchise. Carefully review … Continued

The Impact of Franchising in America

Periodically, the International Franchise Association Educational Foundation publishes a study developed by PwC that measures the contributions of franchising to the US economy.  The key economics measured in the study were jobs, payroll output and GDP establishments. It’s exhaustive research that even presents the impact on a state by state basis. Following are some of … Continued

How to Decide Between an Independent or Franchise Business

How to Decide Between an Independent or Franchise Business When you decide to buy a business, one of the first decisions you will face is whether to purchase an independent or a franchise business. People succeed in both kinds of enterprises but there are significant differences between the opportunities. A big part of the choice … Continued

Eight Ways to Finance a Franchise

The most important step, if you are seeking financing to buy a franchise, is to create a business plan. Banks, private lenders, and most money sources require a complete, vetted plan to decide on the credit worthiness of your business. A thorough business plan explains how the money will be used, the state of the … Continued