About 60% of all franchise opportunities have less than 50 units.
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One big feature of up and coming franchise opportunities is that they tend to be in an un-crowded industry that is not overrun with competitors. Management is more flexible and encourages participation from the franchisees. Very often there are more prime real estate or territory opportunities with emerging franchise opportunities.
It’s important when considering smaller franchise opportunities to ascertain what is the advantage of the franchise opportunity, why are they franchising, what benefit does the franchise offer the franchisees and its consumers? It’s a good idea to spend a day with a franchisee, and get very close to the owners. In other words get comfortable that the franchise offers value and that it is sustainable.
Another good thing is weigh the background of the key players, in other words the franchise may be a newer system, but there may be substantial experience and knowledge in that industry or in franchising. Check the background of the owners and key executives.
No matter what the size of the franchise, look for a franchise that has passion, a passion for product quality, a passion for its customers. Franchise opportunities that listen to their franchisees and customers, and have superb management teams and carefully selected franchisees, those are systems you’ll be proud to join. Those are franchise opportunities with bright futures.
Jim Coen, of Franchise Perfection, www.franchiseperfection.com is a franchise consultant, based in Chestnut Hill, Mass. Jim is on the Board of Directors of the New England Franchise Association Network (NEFA), the regional franchise trade organization.
About 60 of all franchise opportunities have less than 50 units - To learn more about this author, visit Jim Coen's Website.
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Let's Talk Franchising! - I have learned franchising from the ground up. I’ve been a franchisee for a bad franchisor. I’ve worked for good franchisors and I’ve worked for marginal franchisors. I’ve helped many franchisees succeed.
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