Financing for franchisees continues to be an obstacle to the growth of franchise brands. Conventional lenders have pulled out of franchise lending unless the concept meets very stringent criteria. The International Franchise Association...

Arthur Romanov and Irina Salgan opened their sixth Edible Arrangements fruit-basket shop recently to take advantage of low real-estate prices and easy-to-negotiate contractor bids.

Despite good credit and a strong track record...

What defines a qualified franchise attorney?
Good indicators of a qualified franchise attorney include:

-Specializes in franchise law.

-Years of franchise industry experience.

A number of months ago, Franchise Trade quoted author Jaynie Smith in our article Healthy Fast Food: Oxymoron or Competitive Advantage?: "If someone would create a chain with healthy food, and I don't just mean healthy food that tastes...

During the years of the Internet Boom, you could count all of the Venture Capital firms interested in acquiring franchise companies on one finger - and have change left over.  Today, we live in a different world.  Now that the...

With unemployment at levels not seen since the 1930s, many people are turning to franchising to get control of their lives back by starting their own business. And now more than ever, it is essential to make sure that any business you're...

Well, very often there is, but only you can really make that determination.  The thing is, most people consider being self-employed, but most people don’t do anything about it.  Without a proper investigation of the...

It's a fact that most franchisors are passionate about the products or services they offer, but to say that the founders of Flip Flop Shops® have a passion for their business may be a huge understatement. With more than 50 years of...

Although new franchise opportunities become available all the time, some have more lasting potential than others. In this guide, we'll take a look at those industries that offer the biggest potential for franchises in 2010 and list some...

Before Kelly Waddell, 31, and his wife, Sandra, 35, opened their Pop-A-Lock franchise in Dayton, Ohio, they went to bed at 11 p.m., and assumed everyone else did, too. "The biggest shock," says Mr. Waddell, "was that our phone...

Jim Denney faced a common choice: buy a franchise or start an independent company?

He was an experienced business owner in Scotia, N.Y., near Albany, who had spent a year investigating a promising franchising opportunity...

Attending a franchise exposition allows you to view and compare a variety of franchise possibilities. Keep in mind that exhibitors at the exposition primarily want to sell their franchise systems. Be cautious of salespersons who are...

Once you decide to purchase a franchise, it will be necessary to prepare a business plan, not only for funding purposes, but also as a guideline for running the business successfully. Moreover, the franchisor will require the franchisee...

Merchant Processing: Friend or Foe? Most franchises recognize the fact that credit card acceptance is replacing cash and checks. However, most franchises have an aversion to the perceived high cost of accepting credit cards.

Running a small business requires some level of expertise in many areas. There are management issues, marketing questions and financial realities. Trying to master all areas, or at least sort them all out, can be frustrating, exhausting...

Q: I'm looking to buy a franchise, but I'm not sure what some of the terms mean. What's a UFOC? How is a master agreement different from an ADA? What are all these waiting periods for? Why do the feds restrict franchise companies from...

Prospective franchisees report that they when they read Franchise Disclosure Documents (FDDs), they are often seized with a condition called MEGO—“My Eyes Glaze Over.” It’s understandable given the amount of...

Q: I know the franchise business is regulated, but I'm not sure how that works. Are there laws to protect me as I'm looking into franchising, and, if so, how do they work? Also, do I have any potential liability in the process of...

It is generally agreed that it is in the best interest of the franchise system as a whole that the uniform standards, methods, procedures, techniques and specifications of the franchisor’s system be fully adhered to by all...

Franchise Finance in Canada calls for both you as the owner, as well a lender, to, on a combined basis, complete the financing you need for a franchise acquisition. In Canada you could of course be acquiring a new turn key franchise from...

Are you looking to get into business? There are many options to go with. One of the best options is buying into a franchise, and in this article, we will look at the options!

Take time to read this article, and you will find some...

The franchising industry is the doorway to a world of opportunity. Thousands of franchises offer countless concepts, all with varying startup costs. And while many require a storefront and overhead expenses, a large number of them...

Not so fast, Martha Stewart.

OK, you're special. You are talented and one of the best at what you do. But that doesn't mean that you're equipped to run your own business--even one within a field or industry you've been working in...

On many weeknights last year, in the depths of the recession, Tursi’s Latin King restaurant in Des Moines closed one of its three dining rooms and pared its kitchen to a skeleton crew.

Now, all three rooms are open on most...

Jim Denney faced a common choice: buy a franchise or start an independent company?

He was an experienced business owner in Scotia, N.Y., near Albany, who had spent a year investigating a promising franchising opportunity...

Since 1979, the US Federal Trade Commission (FTC) has required that companies offering franchises for sale (the franchisors) provide potential buyers (the franchisees) with a document called a Uniform Franchise Offering Circular (UFOC).

Many franchisors are moving away from territory-based systems in favour of franchises that are site- specific or for a non-exclusive territory or marketing area. This trend occurs both in systems which involve retail premises and those...

The term "franchising" refers to a business model that's been around since the mid-1800's when the manufacturers of the Singer sewing machine first dreamed it up as a way to expand the distribution of their products.

1. Not reading, understanding or asking questions about the disclosure document.

These documents are typically long, sometimes 80 pages, but it is very important that you read and understand each item, 1 through 23, of the...

You're ready to quit your day job, and venture into the uncharted territory or working for yourself. But you are still at the point of having to choose to branch out on your own, with unique business of you own making, or to invest your...

This article has been provided by the law firm Osler, Hoskin & Harcourt LLP and examines some of the legal matters you should consider when investing in a franchise, and what you can expect to receive in return.

Before New York Broadway producers bring a production on the road, they’ll test it in a few smaller cities to see if the humor or pathos translates well to different audiences. After all, not every town sees life in the same way...

Of all the offerings in the franchise market, the restaurant industry certainly offers the most choices. Any why not, people need to eat! Prospects are drawn to the restaurant industry under the assumption that since they like to cook...

In this day and age anything can be easy, so also in terms of business. This time to start a business, you need not worry about how to make good business system, how to make an acceptable product markets and other things that make you...

Is the franchisor a one-person company? or Is the franchisor a corporation with an experienced management that is well trained?

Is the franchisor offering you an exclusive territory for the length of the franchise? or Can the...

From fast food concepts to eco-friendly businesses, franchises that occupy a unique niche in the marketplace are flourishing. By offering products and services that people are passionate about, franchises like Wienerschnitzel, the world...

When Cheryl Robinson took over the bookkeeping responsibilities at a Supercuts location in 1980, she had little idea that she would one day own and operate her own Supercuts. Today, she and husband Joe, oversee an empire of 31 Supercuts...

The beauty of the franchise business model is that it allows individuals to start their own businesses without the sweat equity and headaches associated with starting a business from scratch. No reinventing the wheel here. Hundreds and...

WASHINGTON, DC. (WUSA) -- A record turnout at the International Franchise Expo this weekend at the convention center may be an indication more people are interested in becoming their own boss.

9NEWS NOW talked with a 58-year-old...

Are you a business owner who wants to purchase and run a franchise? If your answer is yes then you would probably want the services of a franchise consultant who can provide you with its knowledge and support throughout the franchising...

As a franchise investment consultant one of the most frequent questions I receive from individuals who are considering becoming a business owner is why should I buy a franchise versus starting a new business from scratch. My answer is...

Making the switch from being an employee to being a franchisee is a big change. And no matter how excited you are about becoming your own boss, you will face some major challenges -- both psychological and operational.

The partners in a franchise agreement are the franchisor, who grants the franchise license to the franchisee, who invests in it.
 
Remember, a franchise is NOT an independent business. The franchisee buys the opportunity...

If you like the idea of being self employed yet entering the marketplace with an already established business then a franchise might be a good opportunity for you. However, there is a lot to learn about franchises before taking a leap...

We all have some of that entrepreneurial spirit in us, even though most of us are employed by someone else.  It stands to reason, then, that most of us also consider self-employment as an option to working for someone else, and for...

At the age of 50, California Businessman Jeff Gilly found himself out of work with a great resume that couldn't get him a second interview at jobs he was over-qualified for. Meanwhile, the Florida coast lured 57-year-old professional...

Jodi Rowell, a Syracuse-based consultant for MatchPoint Franchise Consulting Network, says with more than 3,500 franchises nationwide, the search for the right one can be daunting.

What are some questions a potential franchise...

How Much Money Can You Make as a Franchisee?

When investigating a franchise opportunity one of the most difficult pieces of information to get from the franchisor is how much money you might make. This may be frustrating because...

So is there such thing as a franchise that won't cost anywhere from $10,000 to $500,000? Why are franchises so expensive? One of the most popular ways of starting your own business is by buying a franchise. Franchises will provide you...

An increase in first-time franchisees, many of which are laid-off workers who've received a golden handshake in the past year, is causing some experts to warn potential franchisees about exactly what they are getting into.

Franch... more



Buying a Franchise with Bad Credit
Posted by: Admin Post on April 3, 2010
Author: Kerry Miller

It's true that it's easier to get a bank loan to buy a franchise than it is to start your own business, but that doesn't mean it's easy—especially if you have less-than-perfect credit. But for potential franchisees who been turned...

Checking out Twitter the other day, I read that Taco Bell just launched its first franchise in India and that Gap has opened franchises in Australia – the 24th country where it is now franchising.

These were just a couple...

A Franchise Opportunity - What is This Exactly?

The best way to describe a franchise is to imagine it as a business that is delivered to you in a box at a certain cost and after approval. When you open the box, you will find mark...

Starting your own business from scratch can sometimes be overwhelming for first time entrepreneurs. Instead, investing in an already successful franchise concept may be a great choice for your new business venture.