Qualifying for a Franchise
The Basics of Franchising: What You Need to Know
Franchising is when a franchisor grants a franchisee the rights to sell their products and/or services. The two enter an agreement that allows the franchisee to use the franchisor’s methods, operations, systems, brand name and other intellectual property to grow their business. Franchisors often provide ongoing training to support the…
Franchise Funding: Preparing to Finance Your Franchise
So, you’ve identified the golden franchise opportunity that suits your skill set and needs. What’s next? Funding. Two significant expenses to consider are the initial franchise fee and ongoing royalties. The franchise fee is the nonrefundable, one-time price to operate a franchise using the franchisor’s model. You usually have the…
Want to Be a Franchisee When You Grow Up?
You’re probably here at America’s Best Franchises because you’re interested in owning a franchise business. We have a phenomenal selection of franchises to explore, including new franchises and inexpensive franchises. With just a few clicks, you can get information about a broad range of franchise business investments in your price…
Becoming a Franchise Business Owner: Sharing Information
Is your life an open book? In some ways, it has to be when you decide to become a franchisee. Franchisors share quite a bit of their financial data with you during discovery and in the official disclosure document. They also expect you to share financial information with them. That…
Net Worth Requirements and Franchise Opportunities
BY BILL BRADLEY, Founder/CEO, America’s Best Franchises January 31, 2013 Almost every franchise has a net worth requirement for franchisees. Before being considered for the franchise investment, you might have to prove that you have a net worth of $100,000 or some other amount. Some large franchises require even larger…