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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)