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New Vs Existing Franchises
As a potential franchisee, you have the option of becoming a franchisee in a new facility at a new location or purchasing an existing franchise. A new franchise will mean everything is current, clean and under warranty- but for a higher price tag, of course. An existing franchise will involve a smaller investment and thus, will allow for a greater possibility of financing. However, it is important that you assess the seller's reason for selling. Is the business not performing to expectations because of poor management, poor location, poor support from the franchisor, an indifferent staff, outdated equipment and/or facilities, etc.? Be wary of what the seller or broker tells you. After all, they are trying to convince you to buy the business! Regardless of the obstacles and the extra caution you must take, considering a "used" franchise is worth your time. Use the same analytical tools you would to a new franchise. Do your homework. Be thorough. Be unrelenting. Next: Stage 3: Close the Deal |
PostNet Postal & Business Centers offers a proven method of marketing products and services, which consumers need on a daily basis.
The Athlete's Foot, with more than 700 stores in 45 countries, is the leading international franchisor of name-brand athletic footwear.
With moreo than 143,000 broker and sales associates worldwide, the Century 21 system is the world's largest residential real estate organization, providing comprehensive training, management, administrative and marketing support for its members.
WSI Profit from the Internet! Own the #1 Rated Internet Franchise, Proven Business System. No specific business experience is required for the business. Contact us for more details.