Often times I'm asked, “What is covered in Franchise Fees?” This is one area that can sometimes be confusing and something that you want to speak directly to the different Franchise Brands about, however I also came across an interesting and helpful article written by Home Franchise Concepts. Below are some highlights of the article that I wanted to share:
Initial Franchise Fee – not to be confused with the total upfront investment, the franchise fee is a one-time payment made to the franchisor upon signing of the Franchise Agreement. This is often found on the company’s website or in the Financial Disclosure Document (FDD)
Training & Comprehensive Support – the right franchisor will be dedicated to training and preparing you and your team to run your business with confidence and finesse.
Ongoing Fees – in addition to an initial franchise fee and other pertinent costs associated with starting your new business, franchise royalty fees are paid on an ongoing basis. In addition to royalty fees, an advertising fee is also paid to the franchisor on an agreed upon schedule
Next-Level Marketing – franchisors typically require an ongoing marketing royalty to be paid in exchange for services rendered. The level of marketing expertise and involvement is an undeniable benefit for those who invest with a franchise
If you would like to learn more and explore what is available in the franchise sector including brands within Home Franchise Concepts, please head over to this page, it's our Franchise Consulting page, fill out the short CONFIDENTIAL QUESTIONNAIRE at the bottom. We will reach out to you for a free, short 20 minute consultation.
Finally, It’s Fall at Ziggi’s Coffee
Fall at Ziggi’s Coffee has arrived just in time to get wrapped up in everything this season brings. They have a pumpkin-packed lineup of fall products that are sure to evoke that quintessential fall feeling all season long. Whether you are looking to sip on that classic pumpkin flavor, indulge in a sweet, spice-filled treat or simply connect with loved ones, Ziggi’s is the place to be this fall. Read More
Assisted Living Locators, a leading senior placement and referral service, set a new monthly record in franchise growth by awarding a dozen franchise agreements in August. The franchise development milestone underscores the needs of seniors, the most vulnerable population, and growing demand for more businesses that serve them.
“The needs of an aging population continue to grow and so too does Assisted Living Locators,” said Angela Olea, RN, Assisted Living Locators CEO. Read More
Labor Day; a Tribute to Working Men & Women
Labor Day; a Tribute to Working Men & Women
We may think of Labor Day as the last of our summer picnics or getting final preparations for your children’s school to start. Since 1894, the United States and Canada created this national holiday. Labor Day is devoted to no person, living or dead, no sect, race, or nation. It was created to pay tribute to the working men and women.
According to www.franchiseeconomy.com , there are 733,000 establishments that provide 7.6 million jobs with $269.9 billion dollars in payroll! Additionally, employees statistically have higher wages with more benefits compared to non-franchise companies.
Find out more about the requirements needed to own a franchise business by heading here, fill out our short confidential questionnaire at the bottom and we will contact you for your free, short 20 minute consultation.