Should You Buy a Small Business Franchise Opportunity or a Small Business For Sale?
Should You Buy a Small Business Franchise Opportunity or a Small Business For Sale?
Franchise businesses that immediately come to mind are Pizza Hut, Subway, all the hamburger, fish, and chicken fast food restaurants, etc. But those are very expensive – at least, they are out of my price range.
But there are many less expensive franchises that range from handyman and home remodeling services, pet care, automotive and tools to children’s products and travel services. You can probably find whatever business you are looking for.
But is a small business franchise opportunity right for you?
The best place to start your research is on the internet. The first thing to consider is whether you want to buy a small business for sale or invest in a small business franchise opportunity.
A small business for sale is purchased directly from another business owner. The cost of this type of business can be substantial. The relationship between you and the seller generally ends at the time of the sale. At that point, you are on your own.
A franchise is generally purchased from a franchiser. The upfront cost of the purchase can be significant depending on the franchise you are buying.
Some can be fairly affordable. Much depends on the amount of capital you have to invest.
The franchiser generally receives a royalty depending on the success of your business. Your success is in the best interest of the franchiser.
With a franchise, you receive the benefit of the franchise’s name recognition. You receive training and support by the franchiser. You must follow very strict guidelines in operating your business.
It’s important to determine that, if you follow the guidelines of the franchise business model, you have a high probability of having a profitable business.
It’s important to know the normal payback time. This depends on the upfront cost of the purchase compared to the projected profitability or positive cash flow of the business. A shorter payback period is generally better, especially if you need to see positive net cash flow quickly.
As a franchisee, you can also network with other similar franchise owners and draw upon their advice.
Home business franchises are becoming more popular. Many times, you can operate your franchise from your home. This eliminates the cost of storefront property. But you will probably need to leave your home to conduct many of your normal business activities.
Here is another alternative.
A professional internet marketing business provides a strong alternative.
I’m not talking about a typical MLM business where you must sell a ton of products in order to make any serious money. I’m talking about a direct sales business where only a few sales can give you a significant monthly income.
In most cases, the upfront costs are considerably less than buying a small business for sale or a small franchise business opportunity.
You have no employees. The chance for early profitability and positive cash flow is much greater. Excellent training is available. In most cases, business activities can be conducted from the comfort of your home. You work with very professional, like-minded business people.
In my situation, I strongly considered all three alternatives but chose a professional internet marketing business. I was able to retire from my Chief Financial Officer position in corporate America within months of joining this type of business.
The type of business you choose is a decision that is completely up to you. Each alternative has advantages. Some have more disadvantages than others.
No matter what your decision, I wish you the very best.
Should You Buy a Small Business Franchise Opportunity or a Small Business For Sale - To learn more about this author, visit Scott Hubbard's Website.
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The types of small business franchise opportunities are unlimited.
Franchise businesses that immediately come to mind are Pizza Hut, Subway, all the hamburger, fish, and chicken fast food restaurants, etc. But those are very expensive – at least, they are out of my price range.
But there are many less expensive franchises that range from handyman and home remodeling services, pet care, automotive and tools to children’s products and travel services. You can probably find whatever business you are looking for.
But is a small business franchise opportunity right for you?
The best place to start your research is on the internet. The first thing to consider is whether you want to buy a small business for sale or invest in a small business franchise opportunity.
A small business for sale is purchased directly from another business owner. The cost of this type of business can be substantial. The relationship between you and the seller generally ends at the time of the sale. At that point, you are on your own.
A franchise is generally purchased from a franchiser. The upfront cost of the purchase can be significant depending on the franchise you are buying.
Some can be fairly affordable. Much depends on the amount of capital you have to invest.
The franchiser generally receives a royalty depending on the success of your business. Your success is in the best interest of the franchiser.
With a franchise, you receive the benefit of the franchise’s name recognition. You receive training and support by the franchiser. You must follow very strict guidelines in operating your business.
It’s important to determine that, if you follow the guidelines of the franchise business model, you have a high probability of having a profitable business.
It’s important to know the normal payback time. This depends on the upfront cost of the purchase compared to the projected profitability or positive cash flow of the business. A shorter payback period is generally better, especially if you need to see positive net cash flow quickly.
As a franchisee, you can also network with other similar franchise owners and draw upon their advice.
Home business franchises are becoming more popular. Many times, you can operate your franchise from your home. This eliminates the cost of storefront property. But you will probably need to leave your home to conduct many of your normal business activities.
Here is another alternative.
A professional internet marketing business provides a strong alternative.
I’m not talking about a typical MLM business where you must sell a ton of products in order to make any serious money. I’m talking about a direct sales business where only a few sales can give you a significant monthly income.
In most cases, the upfront costs are considerably less than buying a small business for sale or a small franchise business opportunity.
You have no employees. The chance for early profitability and positive cash flow is much greater. Excellent training is available. In most cases, business activities can be conducted from the comfort of your home. You work with very professional, like-minded business people.
In my situation, I strongly considered all three alternatives but chose a professional internet marketing business. I was able to retire from my Chief Financial Officer position in corporate America within months of joining this type of business.
The type of business you choose is a decision that is completely up to you. Each alternative has advantages. Some have more disadvantages than others.
No matter what your decision, I wish you the very best.
Should You Buy a Small Business Franchise Opportunity or a Small Business For Sale - To learn more about this author, visit Scott Hubbard'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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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power'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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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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John AlexanderJohn has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center. I look forward to hearing from you! - Visit John Alexander'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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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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