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Most Recent Questions in Franchises

Question added to topic FranchisesDecember 3, 2013

Are Royalty Fees the Norm with Franchises?

Almost all franchises have an ongoing monthly or weekly franchise fee (commonly referred to as a royalty fee). This fee is typically expressed as a percentage of the gross sales revenue of the... (more)
Question added to topic FranchisesAugust 15, 2013

With So Much Focus On Healthy Eating, Should I Franchise French Fries?

The first step to take before even considering franchising any sort of business concept is to open one or more prototype units and see how they perform. (See below for details on what prototypes... (more)
Question added to topic FranchisesJanuary 16, 2013

How Can I Create a Burger Franchise?

The good news is that you’ve already completed the first step to setting up a burger franchise. You have established a prototype operation and, even better, you have expanded your operation... (more)
Question added to topic FranchisesAugust 22, 2011

How Do Master Franchise Owners Get Paid?

A master franchisee is typically someone who enters into a contract with the franchise company to help them sell and service individual franchisees in a large and well-defined area. This is usually... (more)
Question added to topic FranchisesAugust 22, 2011

Which Franchise Markets Are Most Profitable?

The most profitable markets or industries in franchising are the ones least affected by the lousy economy that has marked the past few years. In terms of industries, you want to steer toward... (more)
Question added to topic FranchisesAugust 8, 2011

How Do I Close Down My Franchise?

These are important questions that you're asking as you contemplate the best way to shut down and exit your business. For purposes of answering you I'm assuming that the business is not a... (more)
Question added to topic FranchisesAugust 1, 2011

How Much Freedom Do Franchisees Have?

Freedom -- that's what America is all about. But sometimes the price of freedom is higher than what you really want to pay and that's the reason for the existence of business format franchises.... (more)
Question added to topic FranchisesJuly 21, 2011

How Can I Pitch My Invention?

It's great that you are working from the foundation of an actual patent, as most products or product ideas that are pitched aren't that far along in the development stage. That said, there are a... (more)
Question added to topic FranchisesJuly 14, 2011

How Should I Analyze a Market?

An easy way to do this is to look at all the categories of quick service/fast food restaurants in your area and see what isn't offered. Then, find out why. Or, if you are offering something... (more)
Question added to topic FranchisesJuly 12, 2011

Should I Use Personal Funds to Start a Franchise?

There are lots of sources you can use for funding your franchise. The most common are loans, investors and personal funds. Each has pros and cons and the right answer for you depends on your... (more)
Question added to topic FranchisesJuly 6, 2011

Are Franchise Fees Negotiable?

Franchise fees are usually not negotiable but that fact has as much to do with the government's disclosure requirements than it does with a company's unwillingness to bargain. The Federal Trade... (more)
Question added to topic FranchisesMay 17, 2011

Can I Find an Investor for a Seasonal Product?

I'm going to assume that when you write "venture capital" what you really mean is an investor -- someone who will write a check in exchange for a share in your business. For the record,... (more)
Question added to topic FranchisesMay 4, 2011

How Should I Prepare for a Franchise Discovery Day?

Many franchise companies are using a "Discovery Day" approach to ending the franchise sales process. This type of event typically allows the prospective franchisee to meet and interact... (more)
Question added to topic FranchisesMay 4, 2011

What Do I Need to Buy a Franchise?

If you want to buy a franchise you'll need to have three things. First, you'll need to have the money to get the operation up and running successfully. You can use a combination of your own... (more)
Question added to topic FranchisesApril 28, 2011

Is it Risky to Buy Into a Small Franchise?

There is risk associated with any business startup so the obvious answer to your question is yes. You're looking at a franchise system that has only one operating unit and wondering if that is... (more)
Question added to topic FranchisesApril 25, 2011

Can I Start a Business with No Startup Capital?

Of course you can start some kinds of businesses with no capital. Service businesses tend to need a lot less capital than product businesses. Professional service businesses such as graphic arts,... (more)
Question added to topic FranchisesApril 25, 2011

Should I Open a Pizza Franchise Abroad?

International franchising can be a huge growth opportunity for American companies. But you need to be careful, especially with food concepts. Some food products translate well into new markets but... (more)
Question added to topic FranchisesApril 19, 2011

How Can I Know If I'd Be a Good Franchisee?

Your question shows that you are focused on exactly the right thing to make your search a success. Anytime you're investigating franchise businesses, you want to be looking at the factors that will... (more)
Question added to topic FranchisesApril 13, 2011

Do Part-Time Franchise Opportunities Exist?

You're looking for the best of both worlds -- to keep the security and safety of your current job while building a business of your own at the same time. The answer is, yes, it is possible to do... (more)
Question added to topic FranchisesApril 8, 2011

How Can I Dissolve an S Corporation?

Your rights as a minority shareholder depend on whether you have a written shareholders agreement and, if not, the default provisions contained in your state corporate law. Sometimes,... (more)
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