For Beginners

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How Significant are Royalty Fees?

Most people who have a general knowledge about franchising know that every franchisor charges a royalty fee. A franchise owner is contractually obligated to pay the franchisor a portion of their sales over the life of the agreement. The payment is normally made on a weekly basis. However, there is a lot of confusion regarding ... How Significant are Royalty Fees?...Read More

By Rick Bisio | Posted January 2, 2019

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royalty fees

How Significant are Royalty Fees?

Most people who have a general knowledge about franchising know that every franchisor charges a royalty fee. A franchise owner is contractually obligated to pay the franchisor a portion of their sales over the life of the agreement. The payment is normally made on a weekly basis. However, there is a lot of confusion regarding How Significant are Royalty Fees?

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By Rick Bisio | Posted January 2, 2019

local factors to consider

Consider Local Factors Before Purchasing a Franchise

Although the Franchise Disclosure Document (FDD) is a uniform document providing information about a franchise organization, there are many aspects about owning and operating a franchise that vary from state to state. This can include taxes, real estate leasing prices, operational costs and local licensing agreements. The Franchise Rule The first area of focus tends Consider Local Factors Before Purchasing a Franchise

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By Rick Bisio | Posted December 12, 2018

Franchise Disclosure

A Quick Primer Inside the Franchise Disclosure Document (FDD)

Before a franchisee makes the decision to invest in a franchise, they must thoroughly read the Franchise Disclosure Document (FDD). This document is typically provided to the franchisee by a franchisor once the franchisee has completed and submitted in their application. The FDD contains extensive details about the franchise system and franchisor’s expectations — broken A Quick Primer Inside the Franchise Disclosure Document (FDD)

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By Deborah Sweeney | Posted August 13, 2018

Interviewing Franchisors

What Franchisees Need to Do Before Interviewing with a Franchisor

Franchisees who are serious about buying a franchise already know that they’ll need to undergo an interview with a franchisor before they can sign the franchise agreement and make the investment. Much like any interview, franchisees know they can’t walk in unprepared. They have to do their homework in advance and that typically means being What Franchisees Need to Do Before Interviewing with a Franchisor

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By Deborah Sweeney | Posted July 2, 2018

Financing a Franchise

5 Tips on Financing a Franchise

When it comes to financing a franchise, you have several options to choose from—withdrawing funds from your retirement account, small business administration loans, financing through the franchisor, home equity loans/second mortgages, borrowing from family or friends, or using your own savings. If you are opting for any sort of loan or outside financing, there are 5 Tips on Financing a Franchise

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By Eric Bell | Posted May 17, 2018

DBA... Doing Business As

What’s a DBA and Why Does It Matter to a Franchise?

Many entrepreneurs new to starting a small business know there are a few legal procedures they must accomplish before they can open up shop. Some of the primary ones include incorporating or forming an LLC to protect their assets, obtaining employer identification numbers (EINs) if they plan on hiring employees, and filing annual reports to What’s a DBA and Why Does It Matter to a Franchise?

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By Deborah Sweeney | Posted May 8, 2018

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