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ARTICLE | February 3, 2012

Featured Franchisee: Steve Boos, Home Instead

Home Instead Senior Care franchisee Steve Boos has always followed his heart in business, starting when he worked in the paper industry for a company that was focused on reducing waste in paper manufacturing. So it’s not surprising that a stint in the Army Reserves and a year in Iraq drastically changed his career path.
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NEWS | January 11, 2012

Padgett Business Services Joins Frantopia as Business Partner

Franchise Business Review announced today that Padgett Business Services, which offers financial services to small businesses, has become a business partner and content expert for Frantopia, FBR’s social networking and business resources site.
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SECTOR REPORT | November 1, 2011

Veterans Report 2011

Veterans and Franchise Report 2011Although many organizations have set out to look at the “best” franchise opportunities for veterans, until now, none of these listings included data on actual veteran franchisee satisfaction and performance—perhaps the most telling data of all. Franchise Business Review’s Veterans and Franchising 2011 is the first report to look at which franchise opportunities are most veteran-friendly based on franchisee satisfaction.
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ASK FBR | June 15, 2010

What are some of the best cleaning franchises?

There are plenty of franchise opportunities in the cleaning services and maintenance sector. They vary by many aspects including investment level, commercial vs. residential services, the amount of support the franchisor supplies and several other factors...
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Home > Ask FBR

What is a UFOC?

by FBR

A UFOC (pronounced “U-Foc” or simply “U-F-O-C”) is a standardized legal document that every franchise company is required by law to have and distribute to prospective franchisees. If you are seriously considering the purchase of a franchise, the franchisor is required to give you a copy of this document at least 10 days before you can sign their franchise agreement.

These documents can seem overwhelming at first, but they are all organized exactly the same way with a series of items (Items 1 – 23) and supporting exhibits. Some the critical information you will find in a UFOC includes: company financials, sample franchise agreement, litigation history, contact list of past and present franchisees, franchise unit terminations, estimated initial investment details, and much more.

UFOCs are great tools for comparing competitive systems and making a list of the pros and/or cons of each franchise opportunity.

 

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