Franchise Buying Advice

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Low-Cost Franchises Offer Many Unique Advantages

Low-Cost Franchises Offer Many Unique Advantages

While quality low-cost franchise offer the same benefits all solid franchise brands do including good training, strong leadership, a supportive franchisee community, and proven successful systems, they provide some unique ones too.

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Nailing the Demand For Home Services Franchises

  Estimates say the overall addressable home services market size is between $250 billion to $400 billion.1  Key factors driving it’s growth are: Increasing number of two-parent households: Households in which both parents work full time now stand at 46% and the median household income for families with two full-time working parents is $102,400.2 The

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Do You Have Enough Money?

Along with financing the start-up of your new franchise business, it’s important you have enough liquid capital to run the business until it starts generating positive cash flow. So, while you’re researching different franchise opportunities, you might want to ask franchisors and current franchisees how the corporate office ensures new franchisees have enough money early on.

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How Profitable Is Franchising?

In many cases, a franchisee’s personal income is significantly lower than the profits that their business might generate. This is due to a variety of things including loan payments, required business reinvestment, and taxes; all of which get paid out business profits before a franchise owner can ‘pay themselves.

Entrepreneur Mag Asks, 'Would You Make a Good Franchisee?'

Entrepreneur Magazine was on-hand at the IFE (International Franchise Expo) event in New York City. While there, they spoke with several different franchisors about what it takes to be a successful franchisee. The video above features some of these conversations, and reiterates a common theme: Franchising is not for everyone. That being said, there are some excellent

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