Franchise For Sale.
http://www.cafranchiseopportunities.c... Once purchasing a franchise for sale, you are under a contract. Few franchises start off with a bang and continue in the same manner. You will have to build the business. Make sure you have a passion for starting a business.
Also make sure you have a strong desire towards franchise ownership. Both will boost your commitment.
You need to make sure the franchise will help you achieve your financial goals. Franchisors tend to focus on top line revenue, upon which royalty fees are typically based. But as a franchisee, you need to focus on profits, the money you put in your pocket. To do this you need to understand and estimate both the revenue and expenses. For the revenue side, you will need an estimate based on what a typical franchisee makes in a territory similar to you own. Once you have a revenue estimated, start next with the upfront franchise costs, making sure they are clearly documented. Then make a list all the ongoing costs associated with the franchise operation? Here are some questions to consider:
Is there an advertising pool to which you must contribute?
Is the monthly royalty fee based on a percentage of sales or a flat fee?
What will be the break-down of your operating costs?
Which of the operating costs are fixed and which are variable?
What is the average annual profit of franchisees in a similar territory?
Franchise For Sale | Top 5 Things to Consider Before You Buy franchise opportunities canada | |
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| Education | Upload TimePublished on 2 Apr 2013 |
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