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NEWS | May 11, 2012

Franchise Business Review Launches Search for Top Food Franchises

Franchise Business Review is looking for the best and brightest in food franchising as part of its 2012 Food Franchise Study and Awards. This national project looks at franchisee satisfaction at some of the country’s most popular franchise brands and honors the top franchisors with designation as a Franchise Business Review Top Food Franchise.
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SECTOR REPORT | April 26, 2012

Senior Care Franchise Report 2012

Franchise Business Review's special report Senior Care Franchises offers a high-level look at the senior care/home care franchising sector. We explore what services the sector provides, what’s involved from an investment standpoint, what the “typical” franchisee looks like, and how franchisee satisfaction in the sector has fared in the past year. We also identify the top senior care franchises based on our franchisee satisfaction research.
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ARTICLE | April 12, 2012

Honest-1 Brings New Blood to Auto Repair Business

The Honest-1 Auto Care franchise opportunity is a general service shop, offering primarily oil changes, brake checks, and other basic services — but two things distinguish the garage from competitors. The tastefully appointed lobby is comfortable and has a fully-stocked play area for children, a coffee maker with French vanilla capuccino and free wi-fi. Two weeks ago, Tom Dombrock and Fred Haynes debuted their latest venture with an Honest-1 Auto Care franchise — an eco-friendly auto repair shop that caters specifically to women.
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ASK FBR | March 19, 2012

How long have you been researching a franchise opportunity?

Franchise Business Review wants to know what you're doing in order to find that right "fit", and encourages all those interested in starting their own franchise to answer this simple question - how long have you been researching a franchise opportunity? (Click here to share) 
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Home > Blogs

Buying a Used Franchise

by Five Star Painting

If you're thinking of buying a franchise as a way to secure your future, you're not alone. The job market is still pretty tough and the competition for high-paying jobs is quite intense. Is it any wonder that people are looking at some career alternatives? Could becoming a franchise owner be a good one?

Existing franchise opportunities are available. Buying someone else's franchise can be a great way to get into franchising. There are certainly some positive aspects to buying a used franchise:

o Immediate cash flow
o An existing base of customers/clients
o A built-in mentor
o Lower cost

Of course buying a franchise, or in this case, an existing franchise business has many other advantages – participating in community involvement or having a desire for more freedom.

Almost everybody looking to buy an existing franchise thinks that it will lower their risk if they buy a business that already has money coming in. Sometimes it can, but it really depends on a few aspects, such as the area it covers.

When purchasing an existing franchise there are certain steps that you'll have to take. Business.gov has mentioned a few of them:

• Thoroughly research the business and look for legal red flags.
• Learn as much as you can about how the business's operations from the current owner, including details about existing contracts, insurance policies, licenses, employee agreements, and commercial leases.

The franchise industry is exploding with growth. Now is a great time to buy a new or existing franchise. Which one is right for you?

-Five Star Painting
Learn more about 5-Star Painting at topfranchises.franchisebusinessreview.com.
 

 

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