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10 Reasons why Businesses Franchise

1.   FRANCHISING:  It is the most successful way to grow a business without huge capital investment or financial liability towards leases or personnel. When a company franchises their business, they create a business model for other entrepreneurs to utilise and grow their own operations without incurring any liability on themselves. This method of growth allows the business model to expand with virtually unlimited amounts of capital, benefiting the franchisor with increased income as each new unit opens. 2. CONTROLS:  The operations manual addresses operational issues leading to efficiency and customer satisfaction. The manual is the bible of the new unit. It details all of the operations procedures that the franchisor has developed that the business needs, and allows the new recruit to progress rapidly and understand business procedures that are proven with the operations. 3. FRANCHISE FEES AND ROYALTIES:  The owner of the business is able to charge an initial fee usually betwee
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Why Restaurant Franchises Are Hot

One of the hottest segments of the franchise market has always been the world of restaurant franchises, and the market just keeps expanding as the Baby Boomer generation takes to the road. More here approvedfranchises.co.uk/restaurant-franchises . The generation that grew up with national brands is still more comfortable with a well-known name than with a small, independent company of uncertain quality.  Around the country or around the world, a familiar name and logo is a guarantee of the quality and familiarity they’ve come to expect.  When you choose a restaurant as your new business, you can take full advantage of that familiarity to give your new business a leg up on the competition. How do you choose the best one? Says an industry insider, there are some wonderful advantages to having a food business.  The trick is in evaluating the opportunity from a business point of view, and choosing one that meets your criteria. Why choose a restaurant franchise rather than another type of s
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Sandwich Franchises

The quintessential dream of any worker who has ever punched a time card is the glitzy world of self-employment. Being your own boss, setting your own hours, and working for yourself rather than to enrich someone else - these are just a few of the perks that an entrepreneurial life has to offer.   Yet how can someone realise this dream? What does it take to strike it rich and become another successful business owner?   The answer, for many, lies in franchise ownership.   The guarantee of a tried and true turn-key business opportunity has attracted many an investor who is not afraid of some hard work. The opportunities themselves are as varied as the business hopefuls who seek to take advantage of them: there are pizza franchises , hamburger joints , ice cream parlours , or mail facility opportunities; for those who prefer another focus, there are health and fitness franchises, creative arts outlets, or a sandwich franchise opportunity. The latter appears to be an up and coming opportuni
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Automotive Franchises

Are you interested in an automotive franchise? As their sales continue to rise in the United Kingdom, it is estimated that they will flourish in coming years. So what kind of franchise is right for you? Think about your specific interesting vehicles. Are you interested in providing professional repair services? Are you interested in sales ? Or do your interests lay in providing cosmetic services such as vehicle painting or detailing services? Once you have established what kind of franchise you would like to pursue, plan to do considerable research in order to find what kind of businesses are needed in the market you are interested in developing. Types of Automotive Franchise Opportunities If you still need help deciding what sort of automotive franchise opportunity to pursue, here is a run-down on the most common and successful types available. Consider looking into collision repair services , transmission repair service, oil change and tune-up businesses, paint and detail
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Car Wash Franchises

Have you ever noticed the long line of cars waiting to be cleaned at your local car wash? Has it ever occurred to you that a car wash franchise may be just the business you've been looking for? With more vehicles on the road than ever before, this franchise opportunity can prove to be a sound investment. They will always get dirty, and as people continue to place more weight on the appearance of their personal vehicles, the popularity of car washes will only continue to grow. Also, as daily commutes grow longer and people's lives become increasingly busy, it is expected that the number of people who choose to take their vehicles to professional cleaning facilities will increase significantly. http://approvedfranchises.co.uk/car-wash-franchises for more info. They Are Easier To Start Unlike many franchise businesses, if you decide to pursue this opportunity, you'll find that the industry is much more accessible than most other types of businesses. Most companies will initial
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Carpet Flooring Franchises

Are you interested in a potential carpet flooring franchise opportunity? They are available to even relatively new entrepreneurs and can allow you to own and operate your own franchise while providing nationally recognised brand names to your customers. Thus, if you are interested in franchising and you enjoy working in a specialised field, consider a carpet flooring option. Carpets and flooring are universal products that are always on demand. As the new housing boom continues to grow, these businesses will continue to experience growth and profits as well. Studies have shown that even when the housing development market cools and economical growth slows, home owners still continue to spend on improving or remodelling their homes. A franchise in this industry, then, is a sound business choice, as these types of businesses can expect a steady flow of consumers. It also experiences much less competition than similarly structured and priced options. Starting a Carpet Franchise If you are
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10 Red Flags In Evaluating a Franchise

An enterprising individual looking to get into a business needs to evaluate multiple aspects prior to entering any commitment. This individual must ask of him/her self if it would be preferable, and in his/her best interest, to buy an existing business or to start a new business from scratch. In researching an existing business, proper paperwork must be obtained and evaluated. This paperwork should include: The last year's profit and loss statement and balance sheet. Monthly profit and loss statements and balance sheets for the current year. Monthly sales volumes since the inception of the business. The last three years' tax returns. The lease agreement of the property. A clear understanding of what the seller is actually looking to sell and what you are looking to buy. However, with a start-up business, investigating past performance is an impossible task, since none exists. Investigation must take a different track and is accomplished by looking at the potential a
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