Guide to Buying a Franchise
BLOG POST
7 Questions to Ask Before Financing Your Franchise
Before going to a bank or other lender for franchise financing, prepare yourself by answering these seven questions first.
BLOG POST
The Money You Have to Spend to Make Money with a Franchise
It's true, you’ll need to spend some money before you finalize your purchase of a franchise. But if you spend wisely beforehand, you can set yourself up for success when you open.
BLOG POST
Are New Franchise Brands Risky Investments? How to Evaluate Newer Franchises
Because nearly half of all franchise brands are fewer than five years old, you will discover hundreds of younger franchises to buy. Here's how to evaluate the younger franchise opportunities.
BLOG POST
What Makes for a Good Multi-Unit Franchise Operation?
What characteristics create a solid multi-unit franchise plan? This post will give you some categories of franchises to consider.
BLOG POST
The Role Timing Plays in Your Decision to Buy a Franchise
What's the role of timing in figuring out the best time to buy a franchise? Franchise consultant Joel Libava, aka The Franchise King, explores.
BLOG POST
Keeping It Clean: Dispelling Preconceived Notions About Owning a Cleaning Franchise
In his experience, former franchise broker (now consultant) Joel Libava estimates that ~90% of clients would push back when he suggested a cleaning franchise. Here, he dispels a few of the biggest preconceived notions prospective franchisees came to him with about owning a cleaning franchise.
BLOG POST
Tips for Projecting Your Future Franchisee-Franchisor Relationship
An oft-overlooked part of buying a franchise is anticipating what your relationship will be with your franchisor. Here, The Franchise King advises you on clues to look for so you won't be surprised by the business culture of your chosen franchise.
BLOG POST
Timing a Great Franchise Exit as Part of Your Grand Entrance
Planning to leave a business you don’t even own yet might sound counterintuitive, but it's an important part of the process. Not because you’re expecting to fail, but because it's wise to think through the entire lifecycle of your future business.
BLOG POST
The Small(er) Decisions That Lead to the Big Decision to Buy a Franchise
Deciding to buy a franchise is a big decision. But, there are several small decisions that go into making a major decision. Here, the Franchise King breaks franchise buying into five, more-digestible steps.
BLOG POST
3 Franchise Sectors That Provide Needed Products and Services
It’s important to know what types of businesses offer things consumers need because those needs “need” to be paid for, which means someone could be paying you. Here's the Franchise King with three franchise sectors that provide services people "need."