From the Publisher The Money Connection
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Free Download - 10 Tips for Selecting the Best Franchisees By Mary Tomzack |
From the Publisher
The Money Connection
The Money Connection or, shall we say, "money makes the world go 'round" is our topic for this month's newsletter. Money and all its incantations-how to get it, how to spend it, how to keep it, how to invest and grow it-is pretty much inescapable in today's world.
Prospective Franchisees need money to obtain the franchise license; operating Franchisees need funds for working capital and to expand the business; and both new Franchisors and old-hand Franchisors need money to pay their staffs, support their franchisees and market their franchise systems. We hope to give all franchise players some useful financial connections in this and the next newsletter.
For me, one of the most interesting happenings, currently, is the big interest by private-equity firms in franchise companies. A number of investing companies seem to want to follow in the footsteps of a company like Roark Capital, which has been steadily adding new franchised company names to its stable of branded companies. But, now, according to Nation's Restaurant News ( NRN), investors may not only be setting their sights on Franchisors but are also looking to Franchisees as buyout targets.
NRN, in its March 13, 2006 issue, naturally focuses on the action around restaurant companies. Most of the recent acquisitions involved major Franchisors, such as Dunkin' Brands, Uno Restaurant Holdings, and Sizzler parent Worldwide Restaurant Concepts. But,as NRN points out, at least five deals in 2005 targeted large Franchisees of brands like IHOP, Papa John's Pizza, and Church's Chicken. Investment firms are indeed moving down the daisy chain.
All of this interest in both the Franchise System and the Franchisee's business doesn't have to be confined only to restaurants either. It's only a matter of time until investor interest hits upon convenience stores, automobile concepts, retail concepts, and almost any well-run, profitable business.
In this newsletter issue, however, we are confining our interviews and information to more everyday financial issues such as how to finance your equipment purchases, pay for re-imaging your current operations, and obtaining SBA loans. Read on and try to make your own money connection.
From the Publisher The Money Connection - To learn more about this author, visit Mary Tomzack's Website.
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