21st July, 2024-
7 minutes to read
Franchise Disclosure Document – All 23 Items Explained
Prospective franchisees interested in investing in a franchise are encouraged to do their due diligence before signing on the dotted line or paying the franchise fee. And one of the best starting points is by reading the specific franchisor’s franchise disclosure document (FDD). Suppose the concept is new to you and you are wondering what … Continued
- 28th April, 2024
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8 minutes to read
Spotting Red Flags in a Franchise Disclosure Document (FDD)
If you’re considering franchising and you’ve taken the time to pinpoint your ideal franchise opportunity, receiving the franchise disclosure document (FDD) is the next step in your journey. This is a legally mandated document (although it does not impose legal obligations) that every prospective franchisee must receive before signing the franchise agreement. While it may … Continued
- 30th March, 2024
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5 minutes to read
Understanding the Role of a Franchise Consultant vs. Franchise Broker
Choosing the route to franchise ownership can be both an exciting and challenging experience for many aspiring business owners. If you are someone who has just embarked on the process of understanding the industry better, you will quickly learn that there are many different terms used in the industry, which may be confusing. Two of … Continued
- 23rd January, 2024
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6 minutes to read
Navigating Franchisor Financials: What Every Prospective Franchisee Must Know About Item 21
Every prospective franchisee who expresses interest in a franchise opportunity should be given access to the Franchise Disclosure Document (FDD) within a certain period of time before signing an agreement to join the franchise network. Whether you’re financially savvy or not, one of the most important items in the FDD is item 21. If this … Continued
- 19th December, 2023
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7 minutes to read
Chain vs. Franchise: What Are the Main Differences?
The world of business ownership is varied and diverse. There are sole proprietors and partnerships, limited liability corporations, and more, meaning that aspiring entrepreneurs have a lot of options to choose from. One question that is often asked in this sphere is: “what is the difference between a franchise and a chain?”. They both have … Continued
- 28th August, 2023
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5 minutes to read
How to Value a Franchise Business
Determining the value of your business is an important first step in starting the process to franchising. Alternatively, if you’d like to sell your existing franchise business or you’ve got a franchise unit for sale, you need to know how to value a business so that you get the best price for it. While there … Continued
- 27th July, 2023
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5 minutes to read
How to Start a Senior Care Franchise
For those who have an entrepreneurial spirit and want to give back to your community and make a difference at the same time, then starting a home care business is the perfect opportunity. It is one of the most rewarding endeavours out there and it is also a highly sustainable business model with demand for … Continued
- 19th June, 2023
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5 minutes to read
How to Start a Courier Franchise Business
Although old-fashioned letters are still the domain of banks and other institutions, the market for parcel delivery services is booming. According to research, the number of e-commerce users in the UK is expected to reach nearly 60 million by 2025. That’s a staggering number and it means that there will be an ever growing need … Continued
- 15th May, 2023
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8 minutes to read
The Ultimate Franchise Due Diligence Checklist
Doing your due diligence when buying a franchise is a sound way to perform research into your chosen franchise opportunity. This can help you avoid costly mistakes further on as you embark on a franchise journey with a firm grasp of where your business stands, where it is headed and what you can expect from … Continued
