Owning a franchise presents an exciting opportunity for both new and experienced business owners. A franchise is a unique business model that differs in some key ways from independent business ownership. If you are thinking about purchasing a franchise, there are a few things to consider. Here are some ways to determine if owning a franchise is right for you, along with some considerations to help
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Wondering if your business is ready to be franchised? When thinking about franchising your business, there are a few key criteria to consider. Working with a franchise consultant can help you determine if: 1) you offer a superior product or service, 2) your concept is easy to share and teach, 3) your concept is easy to replicate across a diverse set of locations, and 4) your concept is not one tha
Every industry has their own language and the industry of buying and selling franchise businesses is no different. Understanding the basic terminology can help get you started on the right foot. Transworld Business Advisors is here to help you every step of the way so let's start with a few commonly used terms. Franchising is a form of business by which the owner of a product or service expands o
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Once you have decided to sell your franchise business, it's essential to understand the steps involved in the process. The good news is that franchisors consider the sales of existing franchises vital to the health and success of the overall franchise system. They know that all franchisees have a life cycle and almost everyone who buys a franchise will at some point want to sell it, according to
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Your success in building a business may at some point cause you to wonder if the next step forward could be creating your own franchise system. Before moving forward, some key vocabulary you will need to understand: Franchisors - a person or company that grants the license to a third party for the conducting of a business under their marks Franchisees - a person or company who is granted the
Your business is a success so now you are considering expansion. You want to build on your existing strengths and reap the benefits of your hard work. But should you franchise your blueprint for others to follow, or clone your existing business in new locations? Answering that question correctly is the most critical decision you will make. So, here’s a rundown of what you should to take in
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New year, new you? Resolutions, set. Vision board, done. If your new year’s goals have you wanting to be your own boss, you may be torn between starting your own business or investing in a startup. But setting up a business from scratch and starting with a new concept or idea can involve significant risks. Instead, you may want to consider purchasing an existing franchise resale; this can
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If you have decided it is time to sell your existing franchise, the experienced brokers at Transworld Business Advisors can help. Transworld has many years of experience working with franchises and we offer a franchise resale program to help you successfully sell your franchise. Our partnership with United Franchise Group means that we have a vast understanding of the franchise business. We know
It takes one to know one. And for the past 35 years, nobody has understood the complex needs of a franchise system better than United Franchise Group. And nobody knows the business of buying and selling in the franchise industry better than Transworld Business Advisors, part of United Franchise Group. Franchisors can face unique challenges and as a franchise ourselves, Transworld Business Advisor
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California Tortilla is Mexican food re-imagined. They have chef inspired, great food that’s customizable with 25 homemade recipes. They use only fresh, high quality ingredients. There’s NO freezers in the restaurants. The food is made in small batches throughout the day with the best ingredients that they can source. Why California Tortilla? Outstand
Saladworks is the nation’s leading entrée salad destination. Its mission is to serve nature’s best, one salad at a time. Its vision is to be the first and most accessible choice for fresh salads and healthier food. At Saladworks, all salads are made to order, one at a time, in front of the guest from a wide variety of the freshest vegetables, fruit, proteins, and delicious dress
MaidPro works with its clients to build a cleaning plan, tailored to the client’s needs and budget. Since each home is different, MaidPro created a 49-Point Checklist to ensure the client’s home is cleaned, top to bottom. MaidPro believes that everyone should have a clean and healthy home. That’s why MaidPro makes sure the products, tools and processes they use are in the best
The MAX Challenge is a 10-week body transformation system designed to make fast and lasting changes to members’ appearance and overall well-being. The MAX combines nutritional counseling, fitness classes and motivational support to help members kick-start their health and wellness goals. The MAX offers franchises for the operation of transformation centers providing body renewal through fit
Going into business for yourself is a major life decision. One path is to start your own business or buy an existing one. Another is to choose the franchising model and buy into a proven system with a known brand name. Each path has its own promise, as well as its perils. Once the choice is made, the question becomes what type of business to choose. Passion and enthusiasm are key ingred
Read More “Weighing The Pros And Cons Of Franchising vs. Traditional Business”
