Make a list of the 10 fastest growing franchises in the country.
Look for existing franchise networks in your target area.
Keep up with franchise news.
Check the minimum amount of capital required to open a franchise. For example, Taco Bell is one of most expensive franchisee to set up.
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.
Research royalty fees charged by the franchise management and the advertising and marketing support they provide.
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.
“Biz2credit has helped me secure financing
by sourcing out several lending options and dealing with the
lenders directly. This validates us as a business to the lenders
and enables us to choose the best deal. Biz2credit does all
of the leg work for us and forms the relationships.”
