| Q: Why would
I want to buy a franchise? |
| A:
Franchises have the highest success rates and the lowest failure
rates of any business in North America today! Over 95% of all
franchises are still in business after five years because they
all come with built-in proven success formulas used by franchisees
across the country. When you purchase a franchise you will receive
on-going support for the life of the franchise. By on-going
I mean, marketing, training and management support guaranteed
by your agreement with the franchisor. |
| Q: Why should I pay royalties? |
| A:
Royalties are the magic that makes the formula work. What would
it cost you to hire a management, marketing, advertising and
customer support team? The answer is... a lot more than the
typical owner would ever spend! How much would you put back
into the business? You certainly couldn't hire this group for
under 10% and the vast majority of all royalties are between
4 and 8%. The wonder of royalties is that instead of the individual
owner footing the bill to run his or her business the expense
is shared with all of the franchisees within the organization. |
| Q: How much money can I make?
|
| A:
This is the most frequently asked question and franchising allows
the buyer the perfect way to get the answer. The franchisor
will supply to the prospect a complete list of their franchisees
with names and phone numbers and they will require the prospects
to call as many of these franchises as possible. This is wonderful
because it allows the buyer to ask all of the "real questions",
such as: How much money can I make? How long did it take you
to get your business up and running? Were there any surprises
that I need to know about? What is the franchisor really like
and any other questions that you can think of. Many franchisors
have printed earnings claims in their UFOC documents but they
will still insist that all interested buyers call the franchises
and get the "real answers". |
