Should You Become Franchise Owner? www.thefranchiseking.com.

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Presentation transcript:

Should You Become Franchise Owner?

About The Franchise King® Joel Libava Joel has been involved in some facet of franchising for over 20 years, and is the author of, “Become a Franchise Owner” ( John Wiley & Sons, Publisher.) He’s also a franchise ownership advisor.

Should You Get A “Job?” Or, Should You Own What You Do? JobOwn What You Do

Well? What Should You Do?

Your Last 3 Bosses?

If you feel that you could be a successful small business owner, why the heck are you willing to work for someone else?

“Sure, I’d like to start my own business, but I think it’s way too risky.” Lunch. At the top.

3 ways to go onto business Start from scratch Buy an existing business Invest in a franchise

What is a Franchise Licensing system for the selling of products/services Franchisor sells licenses to others (Franchisees) License includes guidelines to follow Franchisees usually have an assigned geographic territory

How does franchising impact the USA Economy? Generates 18 million jobs Contributes 50% of all retail and service $ Produces over $1.5 trillion in econ. output

Franchise Advantages Systems are already in place to help you get started rapidly- a blueprint Formal training program Branding. Maybe… What else?

Franchise Disadvantages There is a system, but it’s not yours You don’t have total control. Lots of rules What else would be a disadvantage?

What You Get With A Franchise Operating system Their experience Formal training Support Branding Purchasing Power Marketing Franchise network

Can you see yourself as an owner?

Some Franchise Types Food Service Retail Personal Services B2B Children’s Services Green Check out hundred’s of franchises at

Investment Amounts Your total investment for a franchise depends on the type of franchise it is… Home-Based- $40k+ Retail- $150,000+ Food franchises- $150,000+ Service franchises- $100,000+ Hotels/Motels- $5 million ++++

Franchise Research The FDD Online Investigation Current Franchisees Former Franchisees Make a List of Questions to Ask Ask The Tough Questions!

Financing a Franchise Your cash injection Using current banking relationships Projections Your story

Questions? For more information on how to carefully choose, properly research franchises, go to Call

Thank You For Attending!