How to Buy a Franchise
  1. Make a list of the 10 fastest growing franchises in the country.


  2. Look for existing franchise networks in your target area.


  3. Keep up with franchise news.


  4. Check the minimum amount of capital required to open a franchise. For example, Taco Bell is one of most expensive franchises to set up.


  5. Research the required operational process flow. For example, Quiznos requires 3 people to be involved in preparing a sandwich while Subway requires only one person.


  6. Research royalty fees charged by the franchise management and the advertising and marketing support they provide.


  7. Research financial rankings of franchise networks. Banks rank franchises from grade A to D. A higher the grade means lower required down payment, less paperwork and faster closing under SBA loan programs.
 
 

Small Business News

Apple Expanding into Small Businesses

2010-07-30 12:36:39

Apple Inc is planning to undergo a major expansion. The company that has products like the iPhone and the iPad is now targeting small business. They are planning to hire engineers in at...

Business Credit Cards Easy to Get, But Won’t Help Economy

2010-07-29 12:32:54

We’ve heard how difficult it is for small businesses to secure bank loans, a new Fed report says that banks have been very willing to issue small business credit cards.

About 75 percent of applicants in...

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