When considering the purchase of a franchise, it's crucial for franchisees to conduct due diligence, which includes understanding and often negotiating key terms of the franchise agreement with the franchisor....
Franchise Discovery Days are key events where franchisors provide potential franchisees with a detailed look into their franchise system. Unlike preliminary meetings, these structured events offer an immersive experience, usually...
Franchisee training programs are systematic educational courses designed by franchisors to equip franchisees with the essential knowledge, skills, and operational guidelines necessary to open and manage a franchise unit successfully....
Franchise agreements are the foundation of the franchisor-franchisee relationship, defining the rights and responsibilities of both parties. These legally binding documents cover crucial elements such as the business model, brand...
As part of your due diligence, you should have a set of key questions ready to be posed to the existing franchisees which will guide your understanding of the franchise....
Summary: In this section, you'll gain a clear understanding of franchisee fees and the cost structures associated with owning and operating a franchise in this article. We'll explore the different...
Summary: In this section, you’ll explore the various financing options available when purchasing a franchise. Securing financing is a critical part of becoming a franchisee, and understanding your options can...
A business plan is a strategic blueprint that describes how the franchise unit will be operated and managed to achieve success. The plan should encapsulate the franchisor's broader strategy while...
Evaluating franchise sectors involves a close examination of these elements and identifying growth opportunities. For example, fast-casual restaurant franchises may benefit from a market trend toward convenience and healthier food...
Summary: In this section, you’ll gain a comprehensive understanding of the various franchise structures, crucial for prospective franchisees evaluating potential opportunities. We’ll break down the differences between single-unit, multi-unit, area...
A Franchise Disclosure Document (FDD) is a legal document that franchisors are required to provide to prospective franchisees before the sale of a franchise. The U.S. Federal Trade Commission (FTC)...
Understanding the balance between business demands and personal goals is essential to ensure a franchise venture aligns with your lifestyle preferences.
Knowing one's financial capability is the cornerstone of sensible investing. It is a comprehensive gauge of how much you can afford to invest without jeopardizing your financial stability.
When considering franchisor requirements, there's an ongoing debate on the importance of business acumen versus industry experience. Some franchisors place a high value on relevant industry experience, believing it gives...
Chad and Tiffany Mussmon grew from a single The Little Gym in 1997 to seven locations plus two Snapology territories — and now run a co-branded hub built for busy families.
Sal Longo turned a daycare side gig into a real business. After a back-to-basics reset, Busy Bee Jumpers earned $5.5 million last year from a single location.
Beth Copeland turned a deeply personal experience into a thriving senior care business, using technological innovation and personal relationships to expand across Delaware and Maryland.
Whether you're building your brand from the ground up or ready to outsource your online presence, learn how to use social media with purpose, personality and profit in mind.
Have what it takes to lead and own a franchise? We asked top franchisors what they're doing to stay on top — and the traits they say helped them succeed.
After decades of building your business, turning it over to someone else can be emotional. But with the right mindset and a strong plan, it can also be your proudest moment.
Franchisees benefit from robust training, ongoing operational support, and national marketing initiatives powered by industry-leading franchisor Goto Foods.