Tips When Searching Franchises For Sale .pdf
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Tips When Searching Franchises For Sale
Should you be reading this, then you are most likely engaged in the first step of finding some
franchises for sale. Franchise information is ample online, with sites like "Entrepreneur"
publishing articles about franchising and sites like "Franchise Gator" listing all franchises
available. When starting a new franchise, you will need to research things like brand name,
location, competition, supporting services and franchise fees. Finding the right opportunity may
be tedious but it will save you from wasting unprecedented sums of money and experiencing the
heartache of failure.
A single way to find a Florida franchise for sale is to check out an exposition. For international
dispenses, you will want to head to Washington DC (March 20-22) for this year's International
Expo of franchising. The same group also holds similar events for national franchising
opportunities with the West Coast Expo (October 2-4, 2009) in Los Angeles, the Expo Southerly
(January 9-11, 2009) in Miami and Franchise & Financing Expos in Atl, Boston, Atlanta and
North Texas. Before you go to one of those expositions, decide how much you have to invest,
which type of business is right for you and consider your own personal background or skills.
When you get to the event, you can peruse a number of different franchises on the market all in
one place. Be sure to ask the franchisor questions like: "How long have you been in operation?
How many franchised stores exist and where draught beer located? What is the initial franchise
fee, start up costs, continued royalty obligations and franchise tax? What support will the
franchisor offer and what are the franchisor mandates? inch
Be aware that exhibitors will try to entice you to attend promotional meetings, lunches and may
give you special deals. Remember, these individuals are highly trained in sales and are hoping
you'll choose them. Don't give in simply for a free dinner or prize. Legitimate franchises will
never lay high-pressured pitches on you, but rather will assume you could make some
comparisons before returning.
Once you narrow down the Franchises in Miami for sales that you are enthusiastic about, you'll
need to meet with franchisors and see how the franchise business is run. You'll also need to get a
copy of the Uniform Franchise Giving Circular (UFOC), which is an invaluable free resource
that by law must be provided by the franchisor at least twelve business days before a franchise
agreement is signed. In this docket, you'll receive company information, charge summaries,
required purchases, trademark rights, earnings claims and statistics. You'll have get to a franchise
listing of past and present owners too. With this info, you will have the tools you need to make
an informed decision.