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Franchise Re-Sales -- When a Franchisee Decides to Sell the Business
As many more franchise companies are becoming established, franchise resales are now common in the industry.
This is where a franchisee sells an existing franchise to someone who will take it over and if the process is managed correctly, both buyer and seller stand to benefit.
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Success in Franchising
To achieve franchise success, both a franchisor and franchisee must be aware of certain steps before expanding their business or buying a new franchise for sale.
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Cost Items When Setting Up a Franchise
For those who decide to build their business through franchising, one of the biggest obstacles is the added cost and the level of funding therefore required at the initial stage. Anyone who is considering growing their business through franchising should give full consideration to the following cost items:
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Checklist – Procedures for Selecting Franchisees
The sale of any franchise to a prospective franchisee must be determined by a set of pre-defined guidelines, to support the franchisor in deciding if the franchisee is right for the franchise opportunity.
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Franchising as a Means of Business Expansion
Franchising is an effective method when considering expanding a business venture, with many added benefits in having franchisees willing to make your business a profitable success.
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Franchisees Optimistic About Growth Prospects
A significant number of franchisees are confident that their business will make good progress over the next few years and become very profitable, according to a new survey.
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Franchise Promotion on the Internet
According to the International Franchise Association (IFA), the internet is the way forward for small to medium sized franchises or businesses marketing their products and services.
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Running a Franchise From Home
In recent years, home-based franchising has become more popular as a range of companies have discovered that working from home can be just as effective as having an established office elsewhere.
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Media Profile of New Franchisees Increases
According to the International Franchise Association (IFA) there are many benefits associated with increasing the media profile of franchises on the internet, by implementing new web tools, such as Pod-casts, Blogs, and specially designed email newsletters. On-line marketing has become big business, and the most effective tool in targeting new customers.
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Multi-Unit Franchising
One of the biggest changes in business format franchising from when it began to take off in the 1950s and 60s is the development of multi-unit franchises. This is where a franchiser will award the right to a franchisee to operate more than one outlet within the defined location area in the franchise agreement.