Showing posts with label Buying a Franchise. Show all posts
Showing posts with label Buying a Franchise. Show all posts

Thursday, April 23, 2009

Francorp To Exhibit at the Atlanta Franchise and Finance Exposition

Francorp, the worlds oldest and most experienced franchise consulting and development firm will be exhibiting at the Atlanta Franchise and Financing Exposition on May 2nd and 3rd at the Cobb Galleria Center in Atlanta, GA.

Show Dates & Hours
Saturday, May 2, 2009
11:00 am to 5:00 pm
Sunday, May 3, 2009
11:00 am to 5:00 pm

Location: Cobb Galleria CentreTwo Galleria Pkwy Atlanta, GA 30339
(770) 953-4099
http://www.cobbgalleria.com/
Hall D
Booth # 215

Francorp has been developing successful franchise organizations for over 33 years and has a client list of over 2,000 franchise systems. Francorp is heavily involved with franchise exhibitions around the world including India, the Middle East and Latin America. Atlanta is a wonderful franchise market place and the Atlanta Franchise and Finance Exposition should be a great show.

Francorp has five clients exhibiting at the Atlanta show also including European Wax Centers, Monster Mini Golf, Patrice and Associates, Omega Learning Centers and Froots Fresh Smoothies. All of these companies are exciting brands that have continued to grow and work with new franchisees over the past year. European Wax Centers now has almost 100 locations in just under two years of franchising, Froots continues to set the trend for the smoothie industry with almost 100 locations as well and Monster Mini Golf has almost 30 locations in only a couple of years in the franchise business.

Froots
http://www.froots.com/
Omega Learning Center
http://www.omegalearningcenter.com/
Patrice And Associates
http://www.patriceandassociates.com/
Monster Mini Golf
http://www.monsterminigolf.com/
European Wax Centers
http://www.waxcenter.com/

Here is a great excerpt from the Atlanta show's site that explains the value and opportunity that the show brings to its attendees.
http://www.localfranchiseshow.com/atlanta/indexatt.cfm

The Franchise and Financing Expo is the perfect event for exploring and investing in opportunities that put you in business for yourself – but not by yourself. Because when you purchase a franchise, you're purchasing a proven business concept designed to help ensure your financial success. The Atlanta Franchise & Financing Expo will give you the opportunity to meet face-to-face with representatives from many of the top franchise concepts, at every investment level – looking to expand throughout Atlanta. All in one place, and at one time, you'll be able to learn about franchises in virtually every industry. Sample products. Attend educational conference tracks. And get all the information you need to find the franchise that matches you skills, interests and budget. Lenders will be on hand to answer questions about financing your venture, or you can start the financial qualification process now when you pre-register for the event. For More Information request to be contacted by the Lender(s) of your choice after Pre-Registering. If you want more information or have questions before you arrive at the Atlanta Franchise & Financing Expo please contact Rick Brunsman.

Attend These Informative Conference Tracks
The A to Z's of Buying a Franchise
How to Franchise Your Business
Financing Your Franchise
Opportunities in Franchising for Minorities & Women

For more information on Francorp please visit the corporate site, http://www.francorp.com/

Monday, May 5, 2008

Good Article From Jeff Elgin

Buying a Franchise
Lay-offs mean opportunities for new franchisees.

One of the most significant trends in franchising over the past 15 years is the emergence of ex-corporate executives as new franchisees. This trend began in earnest with the downsizing of the early '90s, and has continued steadily--corporate layoffs of white-collar workers have become a way of life in large companies.

This is actually exciting for franchisors, because the pool of potential franchisees isn't only larger--it also contains many people with extensive management experience. Many of these prospective franchisees also have significant capital available due to severance packages or simply via years of earning high salaries (read "Executive Decision").

Yet from your perspective, there are certain dynamics of being a franchisee you should be aware of. Your experience as a franchisee running a small business will probably be light years away from the world of being an executive in a Fortune 100 company.

If you're an ex-executive considering becoming a franchisee, realize that, in a franchise operation, you won't have large budgets and staff personnel to support you. You need to make decisions much more rapidly and almost always without having complete information at your disposal. The risks of making a mistake may be much smaller in a financial sense, but they're also far more personal, since it's your own treasure that's at stake.

It's essential that you communicate well with your franchisor and understand clearly what your role will be as a franchisee. Failure to do so could seriously jeopardize the chances of you being happy and successful as a franchisee.

Your first decision in making the transition between corporate employee and franchisee is whether you want a "standard" or an "executive" franchise business. Both can be great, but they're quite different in terms of the role you'll play.

In a standard franchise business, you'll be very involved in the daily operation of the unit. You can expect to spend a significant amount of time working at the physical location of the business or trying to increase business through marketing or sales. This is very much a hands-on role, and you'll probably work harder than you have in quite some time, especially during the first few years.

The standard franchise can be quite exciting and rewarding if you're an executive who's tired of all the bureaucracy, committees and decision levels involved in a large corporation. This gives you the ability to personally control and drive the business and make decisions on every level, and on an immediate basis. You can also interact with your customers and know from first-hand experience what makes the cash register ring. The downside is that in addition to being the CEO of such a business, you'll have to take on potentially every other role, from the janitor on up. Expect to get your hands dirty in this type of franchise.

In an executive franchise, your role is much more indirect--you work through others to drive the success of the operation and usually have very little, if any, interaction with customers. In this type of franchise, typically managers or other key employees actually run the business operations, while you supervise the managers and key employees.

The advantage of an executive franchise business is that it's tailored to match the corporate experience you're familiar with. It feels comfortable, because it's how you're used to working to achieve results. The downside is that, just as in corporate America, if your subordinates don't perform, the responsibility ultimately rests with you (and in this case, failure has a very personal financial impact).

There's no right or wrong answer as to which type of franchise is best for you. This is a personal choice based on your individual desire, but it's very important that you understand the distinction and the role you'll play in any business you choose (read "The Golden Ticket").

Some other factors you should consider when making your decision include:

The type of employees you want to work with. Some franchise businesses feature large numbers of minimum-wage employees; others have fewer or higher skilled employees. Consider the types of employees you can most effectively manage and work with in choosing a franchise that'll match up well for you.
The hours you want to work. You need to be involved in the business during the high-volume periods. Many retail franchise businesses do most of their volume during the evenings and weekends, yet you may be used to having your evenings and weekends free. This is a very important point you need to resolve--otherwise, you'll probably experience a great deal of anxiety once the excitement of the new business wears off.
The franchise's potential for larger than normal operating margins. Such businesses are simply more forgiving of mistakes and, despite whatever success you're used to having, starting any new business is going to involve making some mistakes. Many of these potentially higher margin franchises are in the service or sales sectors, though you can also find such opportunities in retail or food if you research carefully.
If you're a displaced executive, take heart: The franchise industry represents a great potential opportunity. The secret to making the transition a positive and successful one is to figure out what you want from a business and to gather all the information you need to ensure the franchise you buy is the right one for you. If you do that, you should be well on your way to a better and more rewarding life.

Jeff Elgin is the "Buying a Franchise" coach at Entrepreneur.com and has almost 20 years of experience in franchising, both as a franchisee and a senior franchise company executive. He is currently the CEO of FranChoice Inc., a company that provides free consulting to consumers looking for a franchise that best matches their needs.

Sunday, March 30, 2008

Francorp Clients - Door To Door Drycleaning




Francorp Client Door To Door Drycleaning is now holding "Own Your Own Business" Seminars across the United States. Door To Door is a unique business opportunity with a low start up cost and amazing revenue potential. The Dry Cleaning industry as a whole continues to grow at an amazing pace and people have less and less time in their schedules to do things like pick up the dry cleaning! Door To Door now has 30 franchisees open in just over a year and a half of franchising the operations. John Dame has a background in Software and computer systems, he has a complete operational structure set up that literally supports the Franchisees in every function of their business. His wife Joey is a marketing guru and manages the franchisees sales and marketing efforts. This is a franchise to keep an eye on, they are growing quickly and generating a great deal of interest.

Here are some posts from their website, www.mydoor.biz:

Door-To-Door Dry Cleaning is the fastest growing mobile delivery service franchise in America. We are revolutionizing a stagnate industry and changing the perception of dry cleaning. Our unique business model not only allows for you to become a part of this $11 billion dollar industry, but also shows you how to grow the most efficient and profitable business possible. Come see if you posses the qualities we are looking for to expand our rapidy growing business in your area!

At our seminar, you will learn...

-Why dry cleaning is one of the hottest sectors in business today
-How Door-To-Door Dry Cleaning is paving the way in mobile industry
-How profitable the dry cleaning industry exactly is
-How to work smarter, not harder through 4 day work weeks coupled with a home-based office


Door-To-Door Dry Cleaning

Door-To-Door Dry Cleaning
Liquid Capital Required: $34,000-$70,930
Net Worth Required: $34,000-$70,930
...with a Door-To-Door Dry Cleaning Franchise!

If you're ready to be your own boss and work 4 days a week in a home based business than a Door-to-Door Dry Cleaning franchise could be your open door to opportunity. Here's why...
As a Door-to-Door Dry Cleaning franchisee, you will work within our established, well-designed business system, backed by excellent training and support. What's more, we offer two franchise profiles - start-up and conversion - to accommodate your needs.

This remarkable opportunity offers a minimal investment requirement and low operating overhead. Operating from your home office, you will provide your timely services to both residential and business customers through the use of a leased van.

Take a few moments to discover how easy it can be to refresh your career as the owner of a Door-to-Door Dry Cleaning franchise!

Choose from Two Franchise Profiles

Start-Up Franchise - Door-to-Door Dry Cleaning offers you an exciting opportunity to provide a valuable service in the well established and growing dry cleaning industry. Only a minimal investment is required to operate your Door-to-Door Dry Cleaning Start-Up franchise. Plus, you'll enjoy low overhead with the convenience of working at home.

Conversion Franchise - Do you already own a dry cleaning establishment but would like to expand your bottom line? As a Door-to-Door Dry Cleaning franchisee, you will provide customers with the added value of convenience, time-savings, and the Door-to-Door Dry Cleaning guarantee of unparalled service. All you will need is a van and our proven business system to start growing your customer base.

Superior Franchisee Support

If you are selected to become a Door-to-Door Dry Cleaning franchisee, you will benefit from our solid support services.

Training - You will receive a combination of hands-on and classroom training, covering the areas of administration, operations, sales/marketing, and more.

Marketing Guidance - We will provide you with professionally produced marketing materials that have been field-tested for their effectiveness. Plus, you will operate under our brand and benefit from our comprehensive website and name.

Operations Manual - This extensive reference book contains everything you need to know about operating your Door-to-Door Dry Cleaning franchise.

Ongoing Support - The channels of communication will remain open as you grow in your business, and a Door-to-Door Dry Cleaning field representative will periodically visit you to offer guidance and information.

The Door is Open - Door-to-Door Dry Cleaning will be awarding a limited number of start-up and conversion franchises to individuals who believe in our brand as strongly as we do.

Look to their site at www.mydoor.biz for more information on this amazing franchise company. Also, visit www.francorp.com for more information on Door To Door.