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Ask Entrepreneur - Franchises


Where can I get the money to start my franchise business?

I just finished my MBA and want to start my own company. I'm currently doing an internship in Munich, Germany, where I saw a restaurant I fell in love with. I want to buy a franchise and take it to Gu...

Can I get compensation for a franchise product I created?

I created, tested, produced and marketed a successful new product in my store. Now the franchisor may be interested in rolling it out to the whole system. Is there an industry standard to compensate f...

Is there a national convention/show that people can attend to see franchise opportunities?

It would be nice to be able to converse with people, not just read about franchises.

How long must you be in business to start a franchise?

I know that the last three years are supposed to be included in the UFOC, but what if you have been in business for a lesser amount of time?

How do I determine the resale value of a Curves franchise?

I'm interested in purchasing an existing Curves franchise that is being sold. I've looked at her financials, and I'm not sure what the resale value of the franchise is. She's not pulling in much money...

I want to expand and would like to know the least expensive way to franchise my company.

I have an awning cleaning company that's been expanding in the past two years. In the past few months I've received three calls requesting information on how to begin an awning cleaning company from a...

As a wholesale distributor, how much should I offer a franchisor on the front end to service its franchisees?

We serve frozen dessert retailers (ice cream, frozen yogurt, etc.), and we've been given the opportunity to service a franchise company. This oppurtunity would be huge for us and we are scheduled to...

How do I buy out my employer's new, failing business?

I'm currently in school for skin care, scheduled to graduate in September 2008. However, my current employer owns a spa that isn't doing very well because of poor marketing and business ethics. I fee...

Can you help me understand the difference between various franchise fees?

A franchise I'm interested in mentions a fee of $20,000 and then lists capital requirements of up to $235,000. Can you clarify the difference between the two and explain the initial setup costs a fran...

How do you recommend a slate of people to be elected to the board of directors at a shareholder meeting?

We are an internet company with 61 shareholders. We have our first shareholder meeting coming up in a few weeks, and I am wondering what is the proper way to elect our new board of directors. We have...

Am I too old to buy a franchise?

I'm a 56 year old female that has worked in a corporate setting for the past 34 years. I'm in the process of doing my due diligence on a franchise. Except for maternity leaves I was never off for il...

How can I get honest feedback on a new business that incorporates social networking?

I am working on an online company that will assist companies with marketing on Facebook using the most recent tools and opportunities made available by the Facebook team. I have all the resources and...

Any advice for a group of friends who want to start investing in a group or entity?

I have a small group of friends with a wide range of expertise interested in forming some sort of investment group or entity. This group includes friends that want to keep their day job as an investme...

How much of the capital invested in a franchise is deducted?

I have been doing research on the tax deductions that associate with the capital necessary to start and run a franchise. I am familiar with the Schedule C, but, am not sure how much I can depreciate...


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