How to Prepare for Franchising Your Business

Whether franchising your business has been your goal since you started operating or you’re just starting to consider it; you’ve probably wondered, “What are some of the things I can do now to help prepare for franchising my business?” Since much of franchising is about duplication, let’s review what you can do now to make the…

Working with an Attorney to Franchise a Business

The other day we got a call from a business owner who wanted to franchise a business and like everyone who calls us he was seeking some answers.  However this call was different.  He called us because he liked that “we do everything under one roof” (read about our franchise development services beyond franchise documentation)….

Requirements to Franchise Your Business

There is tons of information floating around out there about franchising your business. Some information is misleading and confusing. Other information may only give partial facts. We would like to help answer your questions. So have you ever wondered what are the requirements to franchise your business? Allow us to answer some common questions for you…

Franchise Myth: A Business Needs to Show Financials to Franchise

The topic of financials is an area of misconception that surrounds franchising and continues to confuse people. In fact, there is a franchise myth out there that you need three years of financials in order to franchise. Let’s cover some background information and understand what financials you need when franchising a business. To start, remember…

Identifying The Perfect Franchisee

Let’s say you have finished the franchising process, are now offering franchises and are looking for the perfect franchisees for your system. This is a very exciting time and as a new franchisor your focus is now on talking with applicants and bringing on qualified individuals as franchisees. When you start looking to find the…

Understanding Franchise Fees and Royalty Fees

One of the most common questions asked by business owners (like you) who are interested in franchising is “What is the difference between a franchise fee and franchise royalty fees?”. These two terms can be confusing so let’s explore the franchise fee first. The franchise fee is a one-time fee that is paid directly to…