Just Elementary, Inc. » Franchises
Preparing to Sell a Franchise Business
Preparing to sell a business involves many steps. General Exit Strategy topics are covered in other articles on the website. This post will discuss the specifics of Selling a Franchise Business. To sell a business requires many steps and events to occur. With so many points to cover in a business sale transaction, it’s important to note that any one item can unravel a transaction and leave a business seller alone at the altar. Preparing … Read entire article »
Filed under: Franchises
Process of How to Buy Existing Resale Franchise Units
See below the video for a bullet point summary of the video Selecting the Right Franchise to Invest in: Does the franchise concept suit your skill set? Retail versus B2B (Business to Business) demand different skills and personality traits to successfully operate. Even different retail businesses require different skills and strengths, so make sure to choose a franchise that suits who you are. Do you meet the financial qualifications of the Franchisor? Most Franchises have clearly minimum Total Net Worth & … Read entire article »
Filed under: Franchises
Basics about Franchising, Is It Right For You & Choosing the Right Franchise to Invest In
A lot goes into deciding which franchise business is the right one to invest in. One large ‘if’ is if a Franchise business is even the right type of business to start or invest in for you. A lot foes into the decision, and here are some items for you to consider when deciding which, if any, franchise business is the right one for you. The video below contains a brief discussion of franchise businesses, and … Read entire article »
Filed under: Franchises
Franchise QSR Pizza Area Developer Territory for Sale in Santa Barbara, Ventura County & Los Angeles County
Franchise QSR Pizza Area Developer Territory for Sale in Santa Barbara, Ventura County & Los Angeles County Priced at only $135,000 is a Nine (9) unit Area Developer Territory for a Franchise QSR Business for sale. The Area Developer Territory has One (1) currently built out and operational location, which is in a Supermarket Anchored Shopping Center of a high income demographic neighborhood. This means that the Area Developer Territory is for Eight (8) more stores. This Area Developer Territory … Read entire article »
Filed under: Business Opportunity For Sale, Franchises
Rent A Grandma Franchise Question and Answer with Todd Pliss
Todd Pliss, the Franchisor of Rent A Grandma was kind enough to answer some question about the business just before the episode of Shark Tank featuring him and his business was due to air on ABC. Just Elementary: Rent A Grandma has been written up in articles from the Christian Science Monitor, ABC News, Entrepreneur Magazine, Hispanic Business, to NPR. How has the publicity from them benefitted the business? Were there any surprises to people’s reactions from those … Read entire article »
Filed under: Franchises
Straw Hat Pizza Location For Sale in City of Orange California
Attention Bargain Hunters! Hot off the presses, or more like, fresh from the oven, is an Asset Sale opportunity for a Straw Hat Pizza unit in the City of Orange in Southern California. The unit is in possession of Straw Hat Restaurants, Inc. the Corporate entity of the Franchisor. The unit just closed down for business, and is being offered at $10,000 plus Franchise Agreement Fee of $35,000. This is a Fully built out restaurant space that is ready … Read entire article »
Filed under: Business Opportunity For Sale, Franchises
Roni Deutch Tax Centers Troubles Show Importance to Choose a Good Franchisor
Choosing the right franchisor to franchise with is important, as illustrated by the debacle of Roni Deutch Tax Centers. Roni Deutch recently closed her law office and surrendered her law license as you can read about in the California Bar Journal. What does this mean for the franchisees that have signed up and are operating their businesses? It means a great deal of uncertainty about the future of their business. There are a few common outcomes, which include … Read entire article »
Filed under: Franchises
Fatburger Troubles lead to an Opportunity for QSR Experienced Operators
Following along on our recent series of posts regarding franchises and bankruptcy, we share some news about Fatburger. Fatburger is a chain QSRs that serves up juicy burgers and fries with a fun vibe. Corporate locations in California and Nevada have been struggling since at least 2009, when two of Fatburger’s subsidiaries filed for bankruptcy protection. Just recently, as part of the restructuring efforts, 26 of the California and Nevada locations are up for sale through National Franchise Sales. What does this mean if you are interested. Well, number one, are you an experienced QSR operator? Number two, can you close quickly and come up with sufficient capital? If, you answer yes to both questions, then you have a good shot at picking up one or more locations. The likely … Read entire article »
Filed under: Franchises
Ramifications of Round Table Pizza’s filed Bankruptcy, What to expect based on lessons learned from past franchisors who filed for Bankruptcy
You may have heard that Round Table Pizza, the Franchisor, has recently filed for bankruptcy. What does this mean for the brand, franchisees and it’s customers? In looking back at past situations that share similaraties, it is not all dire news. Two such examples are Schlotzsky’s in 2004 and Togo’s from around the same time. Schlotzsky’s was a publicly listed company when it filed for bankruptcy in August of 2004. After changing hands a couple of … Read entire article »
Filed under: Business Tips, Franchises
Purchase Price Asset Allocation
In buying or selling any business, franchise or not, both the buyer and seller have to agree upon an Purchase Price Asset Allocation. What exactly is a Purchase Price Allocation? When buying a business as an Asset Sale transaction, the purchase price needs to be divvied up and allocated to all of the assets being transferred from the seller and buyer. Examples of Assets that need to be allocated: Franchise Agreement (intangible) Goodwill (intangible) Customer List (intangible) Covenant Not to Compete (intangible) Trade … Read entire article »
Filed under: Franchises
Pitfalls of Buying an Existing Franchise Business
There are a lot of benefits to buying an existing franchise business. However, in this post we will cover some drawbacks that pertain to acquiring an existing franchise business. Having an extra party in the process, that being the seller of the existing location. Never underestimate how much extra work it is to negotiate, and by adding the existing owner as another party to … Read entire article »
Filed under: Business Tips, Due Diligence, Franchises
Tale of a Closed Round Table Pizza
Franchises aren’t all fun and games and wild beyond imagination riches. The road to financial freedom and family happiness is littered with former franchisees who have lost everything, or at the very least lost something, like the following tale of the owner of a North Orange County Round Table Pizza. This particular Round Table unit was open many years and was a popular fixture in the community. The longtime owner had decided to sell after many … Read entire article »
Filed under: Business Tips, Franchises
Failed Franchises Measured by SBA Loan Failure Rates
Sounds like strong language. Thanks to our friends at thefranchisehound.com we have a list of SBA Loan Failure Rates for loans doled out to franchised businesses. An important disclaimer is that the list is not the actual failure rates of franchisees for a the listed franchises, it is only a list of SBA Loans gone bad that were given to franchisees of the franchises. Note that even 3 of 14 SBA loans to McDonald’s franchisees … Read entire article »
Filed under: Franchises, SBA
Franchising: CNBC’s ‘Inside’ Look at it
CNBC just broadcast a show highlighting five Franchise Brands. The official title is ‘Behind The Counter: The Untold Story of Franchising.’ The show had three story lines. One was about Franchisors doing a good job of growing and maintaining a brand (Proctor & Gamble and Five Guys), Tweet … Read entire article »
Filed under: Business Tips, Featured, Franchises, SBA, Uncategorized
West Coast Franchise Expo Begins today
For those of you who have never attended and are not familiar, the West Coast Franchise Expo kicks off today in Downtown Los Angeles at the Convention Center. The West Coast Franchise Expo features many franchise brands that are looking to sign up new franchisees. Tweet … Read entire article »
Filed under: Business Tips, Franchises
Unhappy Franchisees
I am sure there are more of these, and that most franchise brands have their own franchisee run website for gripes about the franchise, but Unhappyfranchisee.com is a resource to hear some horror stories to educate yourself on things to watch out for when getting into a franchise network. That is the one thing I have noticed in my years as a broker, so many people get into a business or franchise without knowing all of the relevant facts, and like they said on G.I. Joe, knowing is half the battle. What you don’t know will lead to horror stories like the kind you will find on Unhappyfranchisee.com Tweet … Read entire article »
Filed under: Business Tips, Featured, Franchises
West Coast Franchise Expo
Been wondering how to make it BIG TIME in business. One way is to own and operate a Scalable business. Some franchise concepts lend themselves well to being a scalable concept. The West Coast Franchise Expo is coming up in less than two months. I have been to it the last two years and I recommend it highly. There are typically quite a few franchisors that are exhibitors at the show, the vast majority of which from whom you can get a lot of insight. Also, you can be in control of your experience there, as you can talk to whichever Franchisors you want for as long oas you want. Definitely make sure to review the list of franchisor exhibitors and do some homework on them, so you can ask informed … Read entire article »
Filed under: Franchises
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