FRANCHISES:

According to The International Franchise Association (IFA):

• Total U.S. franchise sales in 2000 were over $1 trillion.
• Nearly 50% of all domestic retail sales were from franchise businesses.
• U.S. franchisors are doing business in over 70 industries.
• 1 in 12 U.S. business establishments is a franchise.
• A new franchise opens every 8 minutes of every business day.
• There are approximately 3,300 Franchisors and over 500,000 franchise units.
• The total number of people employed by franchising is 8 million, with 8 to 14 employed per business.
• Franchised businesses create more than 170,000 new jobs each year.
• Franchising is the backbone of the U.S. economy.
• According to the U.S. Commerce Department, fewer than 5% of Franchises were terminated on an annual basis.
• In a study by Arthur Andersen & Company of 366 franchise companies, nearly 97% were still in business after 5 years.
• In contrast, a study by the U.S. Small Business Administration revealed that 62.2% of all new businesses FAILED within their first 6 years of business.
  
  

Steps to Buying a Franchise:

Buyer Meeting/Questionnaire:  We will contact you to arrange a meeting, to discuss your goals and desires and to get more detailed information about you and your background with respect to business ownership. This is accomplished through a series of questions and answers during a thorough discussion.  

Model Development: We will use the information gathered to develop a model for you that will be used in evaluating franchises. This customized model will contain the elements you feel are important in a business. The model will be used to identify opportunities that meet your requirements.

Franchise Match: We will present several franchise opportunities to you that match your model. We will then meet with you to discuss these opportunities and find out if you would like to research any of them further. We will introduce you to the franchise companies that you have expressed interest in so that you can begin to learn more about them in greater detail.

Franchise Investigation: You will conduct a complete and thorough investigation of any franchise opportunity that you feel may be right for you. Though we cannot do your research for you, we will assist and guide you throughout this process. If you decide to buy a franchise, we can help you locate financing sources, franchise attorneys, CPAs and other resources you may need.