July, 2024

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Franchise Disclosure Document – All 23 Items Explained

Franchise Fame

Prospective franchisees interested in investing in a franchise are encouraged to do their due diligence before signing on the dotted line or paying the franchise fee. And one of the best starting points is by reading the specific franchisor’s franchise disclosure document (FDD). Suppose the concept is new to you and you are wondering what is a franchise disclosure document or what the purpose of this document is.

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An Insider's Guide to Franchise Due Diligence

AllBusiness.com

As a professional franchise consultant, I've started down the path of exploring franchise ownership myself. I consider myself very fortunate in that I am privileged to have an insider's view into the world of franchising. I would like to share with you the steps that I am taking as I research some franchise opportunities and perform the necessary due diligence.

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Two Strong Months of Prospect Contact Attempt Rates Precede a Dip in June

Franchise Insights

By: Michael Alston for Franchise Insights July 17, 2024 – After two successive months of higher prospect initial contact attempts, rates dipped as reported by the latest FranchiseInsights.com “mystery shopping” survey in June 2024. More than half of respondents say they were contacted by all of the franchises they inquired about in April and May, at 50% and 57.1% in April and May, respectively.

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Franchisees Rank Image One with Record High Satisfaction Levels

ImageOne

At Image One, we pride ourselves on creating a cleaning company franchise community where every owner feels supported, valued, and set up for success. We are thrilled to share the results of the 2024 Franchisee Satisfaction Report conducted by Franchise Business Review (FBR), which showcases the outstanding satisfaction and positive feedback from our franchisees.

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Breaking Barriers in Franchising: Latino Franchise Association and National Franchise Association Join Forces to Launch the Latino Certified Franchise Advisor Course.

Latino Franchise Association

New York, New York Friday May 31, 2024 - We are thrilled to announce the launch of the Latino Certified Franchise Advisor (LFCA) Course, presented through the partnership of the Latino Franchise Association (LFA) and National Franchise Association (NFA). The announcement was made during the 2024 International Franchise Expo (IFE) at the Jacob Javits Convention Center in New York City.

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The Rise of Educational Franchises: A Personal Journey and a Glimpse into the Future

Franchise Journal

As an 18-year-old who has just walked across the stage to receive my high school diploma, I've had a front-row seat to the evolution of educational franchises. From Kumon to Mathnasium, and from Sylvan Learning to Huntington Learning Center, these franchises have become household names, promising to elevate students' academic performance through structured tutoring programs.

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Another Franchise Advantage: Financing

What The Franchise

by Marshall Reddy Business buyers, whether they’re experienced owners or purchasing their first company, love franchises. And for good reason. Acquiring a franchise means you have a greater chance of being successful more quickly. You’re buying into a proven business model that works across geographic and demographic lines, a recognized brand with corporate marketing support, a well-defined audience and product offerings, and clear operational guidelines and business goals.

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Work Flexibility Follows Financial Considerations as Prospects Give Feedback on Most Desirable Franchise Characteristics

Franchise Insights

By: Michael Alston for Franchise Insights July 31, 2024 — As in prior surveys, “low cost of entry” and “higher earnings potential” were ranked most important by individuals seeking business ownership. But control over working conditions – including “flexibility of work schedule” and “ability to work from home” were the two next most important characteristics.

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Franchises That Prioritize Community Involvement See Increased Success

HomeFront Brands

Are you considering franchise ownership and looking for a way to make a meaningful impact in your community? This insightful article from CMO Carie Beeman highlights how corporate social responsibility (CSR) programs not only boost your mood and sense of accomplishment but also play a crucial role in the success of a local franchise. It delves into how charitable outreach can enhance your brand’s reputation, foster trust within the community, and improve employee engagement and networking opport

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Mastering Item 19 Franchise Disclosure Document: Essential Financial Insights

The Franchise Insiders

top of page Team Contact Us Who We Are What We Do How We help You How It Works Podcast Reviews/Testimonials Blog Home M&A Vs Franchise FAQ Broker Disclosure Document More Use tab to navigate through the menu items. Top 20 Franchises That Perform All Posts Fastest labs franchise, Molly Maid franchise, franchise consultants, t qc kinetix, cyclebar, m14 hoops, Ho Costa Oil, HDMK, TACT, Decorating D 360 Paint, semi absentee franchise, franchise exit strategy, selling a beauty franchise, lash fra

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MindChamps International Preschool: The Three-Minds Concept - Nurturing Holistic Development

Franchise Journal

MindChamps International Preschool, a leading franchised educational institution, has garnered significant attention and has distinguished itself for its innovative approach to early childhood education through the Three-Minds concept. This educational framework, designed to foster a well-rounded and holistic development in young children, emphasizes the nurturing of three distinct yet interconnected aspects of the mind: the Champion Mind, the Learning Mind, and the Creative Mind.

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How To Leverage Technology While Running a Franchise Business?

Grammatico

Lucy, the owner of a fashion franchise, was having trouble keeping up with the harsh competition in the business world. She couldn’t figure out how to make her franchise stand out until she discovered the greatest set of tools of this generation. Using evolving technology and investing in AI tools, she discovered that it helped […] The post How To Leverage Technology While Running a Franchise Business?

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Module 5: Franchise Broker Best Practices

Franchise Performance Group

What does it take to do more deals with franchise broker networks? The post Module 5: Franchise Broker Best Practices appeared first on Franchise Performance Group.

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Today’s Franchise Development Prospects Desire to Follow a Proven System

Franchise Insights

By: Michael Alston for Franchise Insights July 2, 2024 — In our June 2024 survey, almost two-thirds (66.3%) of respondents claimed “willingness to follow a proven system”, an essential characteristic for succeeding at franchise ownership. Grit, or “persistence towards a goal despite obstacles” was cited by over half of respondents (50.6%) of respondents, followed closely by “team leadership experience” at 47%.

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Why Home Service Franchises are Thriving

HomeFront Brands

Thinking about investing in a franchise but haven’t found the perfect match? Consider a home service franchise. With population growth and rising home improvement trends, the demand for home services is at an all-time high, making it one of the most durable and prosperous market segments in franchising. Jeff Dudan, CEO of HomeFront Brands wrote this article explaining how investing in a home service franchise can lead to long-term success.

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Schlotzsky’s Franchise vs. Other Sandwich Franchises: How They Compare

Penn Station East Coast Subs

Sandwiches are an American staple. The quick, grab-and-go nature of a sandwich can bring customers back for a delicious bite of nostalgia. It’s no wonder IBISWorld reported in February 2024 that, based on revenue, the market share size of the sandwich and sub sandwich restaurant industry was more than $45 billion in 2023. When exploring sandwich franchises, there are many choices for potential investors and business owners.

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Crayola Colors The Franchise World

Franchise Journal

A Crayola Academy franchise is an educational and creative arts franchise leveraging the strong brand recognition and quality associated with Crayola. There are many options in the child/educational franchise category. Crayola is looking to be a future leader in this industry. Here are key factors to consider for a successful Crayola Academy franchise: Brand Utilization Many emerging franchise brands lack the brand recognition until they grow and become more popular.

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Franchise Myths Busted: Is It Safe to Own a Franchise?

Grammatico

Franchising is a celebrated path to business ownership, but franchise myths can mislead you. Let’s break down the top myths about franchising and uncover the truth. Are Franchise Myths Holding You Back? Let’s face it! The truth is: franchise myths are the only limiting beliefs holding you back from starting your dream business. Like every […] The post Franchise Myths Busted: Is It Safe to Own a Franchise?

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How to Buy a Franchise Effectively: Using Tools Like Franchise Conduit

Franchise Funding Solutions

Buying a franchise can be a lucrative way to become a business owner with a lower risk profile compared to starting a business from scratch. However, to make an informed investment, it’s crucial to conduct thorough research and use professional tools and resources available. One such invaluable tool is Franchise Conduit, a franchise search portal designed to help prospective franchisees gather comprehensive information on franchise opportunities.

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Outsourced Franchise Sales – Interview with FPG’s CEO

Franchise Performance Group

Our founder and CEO Joe Mathews meets with Dave Hansen, CEO. Read More The post Outsourced Franchise Sales – Interview with FPG’s CEO appeared first on Franchise Performance Group.

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Supporting Diversity in Franchising: Introducing the Franchise Ascension Initiative

HomeFront Brands

In Charlotte, NC, HomeFront Brands backs the International Franchise Association’s (IFA) new Franchise Ascension Initiative. The initiative aims to empower underrepresented communities with education, mentorship, resources, and financial support to launch successful careers in franchise ownership. This commitment underscores HomeFront Brands’ dedication to fostering diversity and bridging the wealth gap through community-based franchising opportunities.

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Free Real Estate Webinar: “Hidden Markets Exposed” with Scott McGillivray

BizSold

We’re excited to announce registration is now open for Keyspire’s exclusive Real Estate Webinar “Hidden Markets Exposed” featuring keynote speaker, HGTV’s Scott McGillivray! For a limited time, BizSold has secured FREE attendance for you and your guest(s). 📅 Date: Saturday, July 27th 2024 ⌚ Time: 11:00 AM EST 📍 Where: Online (Live on Zoom) Mark your calendar for Saturday, July 27th, at 11:00 AM EST.

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Want to Make an Impact? Franchise Businesses for Child Education

Franchise Journal

Let’s see if this sounds familiar… You are not happy with your career for the typical reasons associated with a corporate job. The commute is too long. You hate your boss… I know, hate may be a little strong here. Or perhaps your company is facing layoffs, and you don’t want to be caught holding the bag. Regardless of the motivating factors, if you are looking to transition and considering a franchise opportunity you may want to think about services for kids … Here’s why.

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How to Start Investing in a Franchise on a Budget

Grammatico

Investing in a franchise on a budget is easily possible if you follow the right steps by an expert. Let’s help you out! Investing in a franchise takes time, effort, a good amount of investment, and the right strategy. You might have looked up several ways to start franchising but found it costly, but let […] The post How to Start Investing in a Franchise on a Budget appeared first on Giuseppe Grammatico.

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How to Find the Right Merchant Processing Provider

Franchise Funding Solutions

Finding the right merchant processing provider is crucial for any business that accepts credit card payments. The right provider can streamline your payment processes, enhance customer satisfaction, and even boost your bottom line. However, with numerous options available, choosing the right one can be daunting. This article will guide you through the process of finding the right merchant processing provider, the essential questions to ask, and how to evaluate these service providers effectively

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Ricardo N. Jackman

Savoy Franchise Blog

Ricardo N. Jackman focuses his practice on corporate, sports, and entertainment law. He has extensive experience handling business-related transactional matters for… The post Ricardo N. Jackman appeared first on Savoy.

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HomeFront Brands Joins IFA’s Franchise Ascension Initiative as Founding Supporter

HomeFront Brands

We are thrilled to announce that HomeFront Brands is stepping up to support the International Franchise Association (IFA)’s groundbreaking Franchise Ascension Initiative! Dedicated to fostering diversity and inclusion in franchise ownership, the Franchise Ascension Initiative is a dynamic accelerator program to empower individuals from underrepresented communities.

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Why Children's Education Franchises Shine in Any Economy

Franchise Journal

In the unpredictable world of business, some ventures manage to thrive no matter what the economy looks like. Children's education franchises are one of these resilient businesses. With the growing demand for quality education and enrichment programs, investing in a children's education business is a smart move. It offers financial rewards and makes a positive impact on society.

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Investing in Junior Chefs of America: A Recipe for Success

Franchise Journal

Meet Nadina Taylor, the driving force of an exciting franchise concept that uses food to connect to and enrich the community and revolutionizing the culinary lessons by integrating STEM classes. My journey with Junior Chefs of America began in the most unexpected way. In 2014, I faced a severe bout of illness that resulted in significant weight loss due to a Gastrointestinal Disorder, stemming from my ongoing battle with Systemic Lupus.

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Mr. Cappuccino Franchise Gets Your Brew Going!

Franchise Journal

Realize your business potential with the $100+ billion coffee industry and a Mr. Cappuccino Franchise. RICO FOODS COMPANY DBA MR CAPPUCCINO was created in Miami, FL in 2004 by Mr. Nelson Mendez. Nelson Mendez is a native of Venezuela and has 30 years in the Hotel and Restaurant industry, and 15 years in the coffee industry, Mr. Mendez, otherwise known as Mr.

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Prepping for Back to School

Franchise Journal

Children are the world’s most valuable resource and its best hope for the future. —John F. Kennedy According to the last U.S. Census , 73.1 million people are under 18. This equals 22.1% of the U.S. population. Parents of all stripes want to provide the best for their children, whether that is offering them positive childhood experiences or prepping them for a successful future as adults.

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Painting a Brighter Future: How a Franchise is Fostering Creativity and Confidence in Young Minds

Franchise Journal

In today's world, creativity and self-expression are more valuable than ever. As children grow and develop, it's essential to provide them with opportunities to explore their artistic side. Art education for children is not only a fun and engaging activity, but it also has numerous benefits for their cognitive, emotional, and social development. Additionally, participation in extracurricular activities can boost schools in key areas, including academic performance, behavior, attendance, student

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William K. Whitner

Savoy Franchise Blog

William K. Whitner is a Partner with Paul Hastings, an international law firm. Based in the firm’s Atlanta office, he serves… The post William K. Whitner appeared first on Savoy.

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Dive into Profits: Why British Swim School franchisees are swimming circles around other brands

Franchise Journal

Let's face it, the franchise world can be a bit of a shark tank. You see these established brands promising a piece of the pie, but is it a slice of juicy, delicious slice of success or a soggy bottom of disappointment? Well, buckle up, franchise friends, because I'm here to talk about a brand that's more dolphin than shark: British Swim School. Now, before you think "kids, chlorine, yawn," hear me out.