Do I have a franchise? (Part 2)
Cost
The two costs are the most surprising are the franchisee for the franchise fee and royalties. The franchise fee is time-consuming and often non-refundable registration home. This Act is perhaps the greatest one, you pay and can vary from $ 500.00 to over $ 1 million. The biggest cost on the other hand, the license fee is a flat, a portion of their monthly gross sales. Most of the compounds have shown that minimum monthly fee, which affect profitability in the slow seasons.
How to choose the type of license to buy?
- Do you know your financial standing. Know the requirements of equity franchise.
- What do you love? Correspond to the category of the franchise with what you want.
- Speak with a representative of the franchise. They are the first point of contact for all inquiries and can be any question of a future franchisee will be answered.
Once you have answered all the questions and franchise-low (s) you want, you need an official application for license, including credit and background checks completed. If you are entitled to require, by law the franchisor is required to send a franchise disclosure document (FDD) for sale. The FDD will contain information on the franchise that will help the decision process so that the openings in the history of the franchise and its key executives, financial statements, litigation, franchising / closures / terminations, franchisee contacts, franchise agreement, requirements, etc. more. Source is: www.franchise.com
Here are some well-known franchises available to the contractor who bought the top 10 list for 2009:
Top U. S. Franchise Entrepreneur’s Franchise 500
1. Metro
2. McDonald’s
3. Liberty Tax Service
4. Sonic Drive-In Restaurants
5. InterContinental Hotels Group
6. Ace Hardware Corp.
7. Pizza Hut
8. UPS Store, The / Mail Boxes Etc.
9. Circle K
10. Papa John’s International. Inc.
Franchise made options can be at home
1. Jani-King
2. Jan-Pro Franchising Int’l. Inc.
3. Servpro
4. ServiceMaster Clean
5. Snap-on Tools
6. Stratus Building Solutions
7. Matco Tools
8. Jazzercise Inc.
9. Vanguard Cleaning Systems
10. Enhanced Building Care
