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Franchising Articles

Industry Report: Frozen Yogurt Stores [Infographic]

June 02, 2015 by Guidant Financial

Around 2005, the frozen yogurt industry began to evolve when tart-flavored froyo was introduced and the self-serve model was created. Frozen yogurt stores and franchise concepts began popping up all over the U.S., hundreds of new flavors were born, and a new national pastime took root. Here are a few of the overarching factors that have led to this uphill trend and a look at the future of frozen yogurt.

Motherhood and Business Ownership: Having It All

May 08, 2015 by Guidant Financial

There’s never been a better time to be a woman in business. There are 9.1 million women business owners in America, and according to the National Association of Women Business Ownership, they’re raking is more than $1.4 trillion in revenue. What’s more, those female-owned businesses are overshadowing companies owned by men in terms of success rates and employment rates. It should come as no surprise that a growing number of those women in business are also mothers, juggling responsibilities at home with nurturing their businesses.

Financing a Restaurant Franchise

April 21, 2015 by Guidant Financial

The average American adult buys a meal or snack from a restaurant 5.8 times per week, and restaurant industry sales are projected at $709 billion in 2015. With stats like these, it’s no wonder the restaurant business is appealing to so many entrepreneurs. Restaurant franchising in particular has become a popular method for individuals to fulfill dreams of business ownership without starting a concept from scratch, but financing a restaurant franchise does have some unique differences.

5 Questions to Ask Yourself Before Buying a Franchise

April 09, 2015 by Guidant Financial

Written by Todd Bingham, President of FranNet, here are five questions you should ask yourself before buying a franchise to find the business opportunity that aligns with your needs and wants.

Franchise Industry Spotlight: Vending Machines

December 01, 2014 by Mitchell Larsen

Some aspiring business owners don’t necessarily dream of running a brick and mortar retail shop, but do want to have a tangible versus online presence. For those individuals, a vending machine franchise may be a good fit. Just think about how many dispensary machines you visit as you go through your daily life: DVDs from Redbox; money withdrawals from an ATM; soda from the company break room, to name a few. The emerging trend can’t be ignored. Cited as one…

Franchise Industry Spotlight: Cleaning

December 01, 2014 by Mitchell Larsen

As the economy recovers, more and more residences and businesses are utilizing the services of professional cleaning franchises. With many placing high on the prestigious Entrepreneur 500 list, brands are becoming savvier about finding a specialty that sets them apart from the competition. The Maids feature a 22-step Healthy Touch® Deep Cleaning System; Molly Maid provides service professionals who are bonded and insured to protect your home. If thoroughness is your concern, you’re bound to feel confident employing either of…

What are the hottest concepts in franchising?

October 15, 2014 by Mitchell Larsen

If you’re looking for the freedom and flexibility of being your own boss but don’t want to take on the risk of starting a business from scratch, buying a franchise may be right for you. A perfect marriage of flexibility and security, franchising offers the benefit of being your own boss with the protection of an established business model and known brand. When choosing the right franchise, you must evaluate your own strengths, weaknesses, goals, assets and risk tolerance. Being…

Tips for choosing a franchise

October 15, 2014 by Mitchell Larsen

Those interested in franchising must factor in a number of considerations before committing to a particular franchise. Know your strengths StartupNation advises that the first step is to take stock of yourself, specifically with regard to skills, weaknesses, interests and past experience. Like any other business venture, running a franchise won’t always go smoothly, and having an underlying enjoyment or passion for the industry will likely go a long way toward making the rough patches feel more bearable. Similarly, entrepreneurs…

The pros and cons of independent business ownership and franchises

October 15, 2014 by Mitchell Larsen

Once you know you want to enter the realm of entrepreneurship, you have the option of starting a business or operating a franchise – both of which can yield profit and bring you fulfillment as a business owner. However, there are pros and cons to each of these options, which should all be examined before you embark on your career as an entrepreneur. Benefits of franchises FranSource International reports that one of the biggest benefits of operating a franchise is…

The importance of location in starting a franchise

October 15, 2014 by Mitchell Larsen

Arizona is one of the fastest growing states in the country as far as starting a franchise is concerned, and sandwich franchise Togo’s Eateries is taking advantage of this by actively recruiting franchisees in Arizona and other key Western states. The goal is for Togo’s to grow its nearly 250-unit franchise to 400 restaurants by 2015 – and the first step is to develop three locations in Arizona’s Maricopa County. “After an unprecedented year of growth in 2012 and six…

Taking advantage of the credit access uptick for food service, hospitality franchises

October 15, 2014 by Mitchell Larsen

Franchising has not yet fully bounced back from the effects of the recession, and this was reflected in the predominantly static rates of franchise financing between 2011 and 2012. According to a recent index from the International Franchise Association and BoeFly, lending to franchise businesses saw a year-over-year gain of 3.18 percent between March 2011 and March of this year. Those interested in starting a franchise should note that some industries in particular are seeing above-average growth. “It is ……

Should your first business be a franchise, existing company or a startup?

October 15, 2014 by Mitchell Larsen

Many Americans dream of owning a business but avoid taking an entrepreneurial leap because they lack the finances to do so. Typical business “start ups” or purchases require a fair amount of liquid cash or a high net worth. Some franchisors will not even deal with applicants who have less than $100,000 in cash. So you want to be an entrepreneur. If that’s the only thing you have decided regarding your future career, the next step will be determining whether…

Getting Franchise Financing from SBA Loans

October 15, 2014 by David Nilssen

First, let’s dispel a myth. The SBA does not make loans. Banks lend the money. The SBA guarantees the loan. That guarantee helps the bank feel comfortable providing a new business owner with cash. Generally speaking, typical terms include a 25 percent down payment, amortized over a 10-year period (unless real estate is attached to the loan). The amortization period may be shorter, but 10 years is common. At the time of this writing, interest rates on SBA-guaranteed loans were averaging…

Finding the funding needed to get a franchise off the ground

October 15, 2014 by Mitchell Larsen

Throughout the recession, it was difficult for franchisees and small business owners to get the funding necessary for their ventures. However, this trend seems to be turning around, as consumer confidence is on the rise and lending institutions have loosened their grip on financing. The Thomson Reuters/PayNet Small Business Lending Index, a report that covers the volume of business financing, recently found that lending hit a four-year peak in November 2011 while the number of loan delinquencies by small business…

Eco-friendly kitchen franchise expanding

October 15, 2014 by Mitchell Larsen

Few people would equate industrial kitchens with environmentally-friendly practices, but one franchise is looking to change that perception. Filta Environmental Kitchen Solutions offers fryer filtration and other cooking oil services that make kitchens safer, cleaner and more cost-efficient, all while allowing food to taste better. Two of the franchise’s major products are the FiltaFry service, which cleans deep fryers to prolong their lives, eliminate risks to employees and improves food quality, and the FiltaBio service, which collects oil at the…

Denny’s steps up with franchise financing assistance

October 15, 2014 by Mitchell Larsen

Business financing can sometimes be hard to come by in today’s challenging economic climate, but some franchisors are stepping up to help their partners get franchises off the ground by offering financing assistance, according to The Street. One such company is Denny’s, which has offered up to $100 million in franchise financing assistance, the news outlet reports. This financial support is part of the chain’s efforts to grow the number of its domestic restaurants. The company is also hoping this…