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Buying a Computer Franchise

Written by: Nick Strong

Article Overview: With the rise of the internet and increase in technology, computer franchises are becoming a more and more popular option. This article looks at what options are available and what to consider when buying a computer franchise.

Buying a Computer Franchise

While considering entering business by means of buying into a computer franchise system it is first vital to think about information technology in its entirety and whittle down the variety of businesses available to you.

From the listing you lay out you can then start to investigate which segments of the market are in growth or shrinking. You can in addition see necessary personal requirements that are considered necessary.

This will help you to center on what kind of computer franchise business will do best for your business building future.

PC Maintenance

Computer repairs is a service that gives computer support services to companies of all sizes. This can be achieved both in-house or by outsourcing. Outsourcing is growing in reputation, particularly in a fragile market as it allows companies more flexibility and less liability with employment costs.

Ink Cartridge Recycling

The recognition of environmentally friendly businesses has been increasing in recent years and franchising has a significant part to play in this market. Legislation imposed by the government further helps to increase the recycle market as companies become held responsible for ecologically aware policies and obligations.

Hardware

Promoting the sale of hardware is a industry in regression and you will not find much franchising participation in this sector. Computers are sold as loss leaders for supplementary products such as insurance.

Advertising

Internet promotion is a developing area. As traditional publications sit on the shelf, more and more customers turn to the world wide web by the use of regional searches in the major search engines to uncover valued services to buy.

A lot of computer franchise opportunities don't insist on technical skill as training is provided as a component of the franchise package. World wide web Advertising franchises for instance generally require merely that you possess basic skills to use a computer and the world wide web. While ink cartridge and hardware type franchise opportunities rely more on sales skills.

Things to consider

When taking into consideration which advertising franchise system you might be interested in you should take some time to think about the franchise cost and charges. In addition, talk to the franchisees and get their opinions on the franchise and the backing given by the franchisor. This is significant as they can usually offer you with useful insight into how the franchise opportunity operates and also performs for them on a day-to-day basis.

After that, you are ready to set up a meeting with your bank for assistance and additionally get their thoughts about the franchise you are thinking about investing in. Its additionally worth opening talks with the franchise association in your country for further guidance.

As soon as everything is in place, sign up, get trained up and stick to the brand's established system enthusiastically for best return on your time and outlay.

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Article Tags: computer franchise, franchise, franchise opportunities, franchises



Related Forum Posts
Re: Enticing Franchises - Top 9 List - All Franchise listed above are in millions of dollars. Do you have the list of Franchise in thousands
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]
Re: Franchise Surveys - Another good tool to researching a franchise is to speak with their existing franchisees. This contact information is included in most Franchise Disclosure Documents. In order to get a Franchise Disclosure Document or FDD as it is often referred to, you will have to complete a basic franchise application. The franchisor will then usually provide you with the FDD at that time. Included in that book of information is a list of the existing franchisees, the contract, the investment information etc... This information is required by Federal Law to be disclosed to your prior to making a purchase. So be sure to do your research and start with the Franchise Documents to get the initial information.
secure my connection - I agree with Link's second post. Security is a personal sticky issue and possibly not the first service you should introduce yourself at the door. I'd suggest also the Back to School "In-Home" Computer tuneup (it's such a pain to take your computer in for servicing) and promise that they would see a smoother and faster computer. You can hand them a 2 page report on the benefits of having a computer tuneup -> this is critical. After you are gone this is the only piece of information that they will have to begin trusting you and want to have you in their home. You can sneak at the bottom of the report the benefits of having a wireless connection and the importance of Securing it. finish off the report with two dotted rounded rectangle boxes beside each other. One has a free Computer tune up assessment and the other a free wireless network security test. If they take you up on either you can test for the other. You now have two sources of possible income.


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