Franchising Can Be a Legal Money Machine

Guest post by: John Power
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Determining the Initial Franchise Fee - By John Power

With a relatively small investment, franchising can be a vehicle to generate fees and royalties over and over. An introductory speaker at a franchise convention, who seemed to be a pretty ordinary and down-to-earth person, said, "Franchising has provided me with business and financial success beyond my wildest imagination." Brad Sugars, founder of ActionCOACH, which has sold over 1,000 franchises in 22 countries, said, "The key to business success is creating a model where you make the sale once and generate revenue over and over, forever." That is franchising.

Franchising can also allow you to remove yourself from the day to day operation of your present business because you will run a franchising organization, not the one you presently own.

Franchising is a proven and established way to expand that meets all legal requirements
After the initial cost you can sell hundreds of franchises
Faster expansion than growth from retained earnings
Excellent return on investment
Some elasticity in the franchisefees you charge
Elimination of lease exposure
Lower capital investment requirements
Less involvement in local business operations
Management team with a vested interest
Fewer employees
Pool of potential franchisees looking good opportunities
Increased exposure and strength though combined advertising
Operate a franchise marketing company rather than the business you now own
Stable business model
Brand building
Network establishment
International expansion
Future exit strategy

Franchising can allow you to build a chain store, or large company organization, while retaining individual ownership and financial/operational responsibilities, and without a large up-front investment.

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Determining the Initial Franchise Fee - By John Power

About the Author: John Power

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John Power, founder of AdvantaFran Franchise Consulting, has extensive experience in franchise development and sales. He has been in and around franchising for over twenty years.

In 2005 Mr. Power began working as a franchise development consultant, and developed his own botique franchise development firm. He has worked full-time in the franchise industry since that time.

He has developed a franchise consulting company with experience in all areas of franchising, from legal document preparation to marketing, sales and support, and has brought over 30 concepts to market in the past 7 years.

Mr. Power also offers "shared sales management" services, which allows new and emerging franchisors to benefit from his sales and marketing skills and experience, without having to pay for a full time sales manager. Also skilled in developing "Streams of Positive Content," he will help you increase your sales success by creating a large amount of positive information on the internet about your franchise offering.

Mr. Power is a successful instructor and teacher of the franchising industry and franchising principles, and presents training sessions for both new franchise brokers and employees of franchise companies.

You may contact Mr. Power at www.advantafran.com

Click here to visit John's website.

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Franchising Can Be a Legal Money Machine

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