Franchise Finders Blog: How to franchise your business?

Franchise Finders Blog: How to franchise your business?: It is a very good idea to franchise your business for faster growth. But before deciding on franchising your business, you need to look at ...

How to franchise your business?

It is a very good idea to franchise your business for faster growth. But before deciding on franchising your business, you need to look at various options and make certain practical decisions.
Given below are 6 tips that will help you in beginning your own franchise.

• Draft a business plan

To begin a franchise, you need a definite plan in terms of the number of franchises you would want to open, the locations, and the kind of business it needs to do. The individuals you get in touch with regarding the franchise need a clear concept of your business, and its goals. The franchisee (the person who owns the franchise) needs to be given clear directions on the way the business needs to run and the amount of profit it needs to make in the fixed period of time.

• Keep legal points in mind

It is essential to know the company laws of the country you are operating in. The franchisee also needs to be made aware of the laws. Any deviation from what is laid down in the rulebook could land you or the franchisee in trouble.

• Your path to success

Every business owner has an idea of how to grow his or her business. And every business has a pace that it can handle. Therefore, you need to be clear on the goals and how much to achieve in each phase of your business.......read more...

Expanding Your Business Franchise to a Second Location

Expanding Your Business Franchise to a Second Location

Expanding Your Business Franchise to a Second Location

There are many reasons for expanding your franchise to an additional location and one of the obvious reasons is the profit possibilities. You go into business to make money, and franchising is proven to be very profitable. So if you have one location that is going good, why not open a complimenting location?

You can build profits by promoting customer loyalty and thus grow your business. Do make sure, however, that both locations are convenient, provide great customer service and have the same commitment to quality.

• Business growth is a great reason for opening a second location. New outlets can give you higher business potential, increase exposure, profitability and success. You may find that your first location does not have enough room to house your products or you may have customer requests to provide more convenient locations.............. . read more

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Basics of franchising

When a company entitles an individual to sell that company’s products and services for a particular amount, it is called franchising. There are various factors that decide the success and failure of a franchise and its franchisee (an individual who owns a franchise). It is not just about taking a brand to the people but also about doing it the right way. Therefore, it is essential to know everything about franchising before taking a plunge into the venture.
Before taking up a franchise, there are certain franchising facts you need to be familiar with. Here are the top 4 facts you must know about franchising.

• What is franchising?

Franchising can be defined as the process of transferring the rights to sell a company’s products or services to any person and gain a share in profits or charge a particular fee in return. However, this not only requires a willing individual, but also a place to set up a franchise, and initial investment regarding the location, buying products and services and other expenses.

• Why franchise?

Taking up a franchise might prove to be simpler than starting a business from the scratch. As the product being sold at the franchise will have a market, an established brand and already existing customers to begin with. Starting a business brings in more risks than owning a franchise, as starting problems would be already taken care of by the business owner.....read more

 

Looking for property listings?
- To view Toronto Area Existing Small Business listings for Sale click here
- To view Start-Up Business Franchises click here
- To view ProClient Property Listing Site click here

Menchie’s Frozen Yogurt Start-Up Franchise

Menchie’s Frozen Yogurt Start-Up Franchise

Menchie’s Frozen Yogurt Start-Up Franchise

ABOUT MENCHIE'S

Menchie’s started it’s Self-Serve Frozen Yogurt concept in 2007 with 1st location in Los Angeles, California and began franchising in 2008. Currently there are over 250+ open locations, 275+ under construction, in real estate & lease negotiations totaling 500 official stores – today! This all is in less than 5 years period. To keep overheads low the standard square footage is typically 1200 plus minus.

The Concept

Menchie’s creates lasting memories through its mission statement to make every guest smile. Whether you’re a kid, or a kid at heart, Menchie’s stores provide an unparallelled experience that is warm, welcoming, tasty and fun.

Menchie’s Vision Statement

To make the Menchie’s experience available to every customer all over the world as a legacy for generations to come.

The Menchie’s Values

• Fun/Happiness 
• Health 
• Family 
• Quality 
• Long-term Relationships 
• Community 
• Education 
• Leadership

Global Industry Profile

Globally the frozen dessert industry revenue reached 97.4 billion by 2010, growing at a CAGR of 3.26% between 2001 and 2010

Europe is the largest frozen dessert market in the world projected to reach $47.3 billion by 2015

Asia-Pacific is the fastest growing frozen dessert market increasing at a CAGR of 5% between 2001 and 2010

Frozen yogurt stores revenues reached $1.6 billion in 2011and expected to grow by 2.5% through 2016

 Some Salient Features

• Menchie’s Value Proposition is to make money by making people smile 
• Menchie’s Mix-Weigh-Pay self-service model ensures that the customer gets exactly what they want and then pay by the ounce for only what they want 
• With over 90 flavors, rotating 14-16 at a time, there is always a new flavor to try 
• With over 70 toppings ranging from fresh fruit to Fruity Pebbles, there are virtually unlimited flavor combinations 
• Franchisee friendly organizational philosophy 
• Menchie’s mission statement is “We make you smile.” Happy franchisees make happy customers 
• No hidden charges or product mark ups. 
• Franchisee benefits from national purchasing 
• power and keeps the savings. 
• Simple operation, easy to learn and manage 
• Clean, fun, happy, family-friendly business (low stress, no grease trap) 
• World-class branding 
• Highly scalable (simple business + quick ramp ups) 
• High product margins, Limited inventory & Low investment 
• Financial performance - Strong ROI, ROE, and Cash-on-cash return (see Item 19) 
• Protected territories

For more details CLICK HERE

Looking for property listings?
- To view Toronto Area Existing Small Business listings for Sale click here
- To view Start-Up Business Franchises click here
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FranchiseFinders: Franchising – the Engine for Business Growth: 4 Sm...

FranchiseFinders: Franchising – the Engine for Business Growth: 4 Sm...: If you are an entrepreneur with a booming business, franchising could take your business to the next level. Franchising does not always ...

Franchising – the Engine for Business Growth: 4 Smart Things You Should Consider Before You Pursue

If you are an entrepreneur with a booming business, franchising could take your business to the next level. Franchising does not always offer any straight forward guarantees. However, if done right the benefits far outweigh the disadvantages. If you want to throw open your doors and turn your business into a household name, here are 4 smart things you should consider before you pursue....read more

 

Looking for property listings?
- To view Toronto Area Existing Small Business listings for Sale click here
- To view Start-Up Business Franchises click here
- To view ProClient Property Listing Site click here