Whether or not to turn a business into a franchise is a question that most successful business will be asking themselves at one point or another. The decision to turn your business into a franchise takes a lot of thought and consideration. If you are debating whether or not you want to begin the steps of franchising, then it is wise to speak with experienced franchise brokers.
Here at Profit Street, not only do we help people purchase franchises, but we also assist them in creating a franchise out of a business model that they currently have. In starting a franchise there are tons of legal hoops to jump through in order to ensure that you are legally protected in anticipation of any outcome.
At Profit Street we help business owners navigate the process of franchising their business. We have extensive experience in franchising process and we are here to help others do the same and pursue their business dreams. The entire process of franchising can take up to several months to complete depending on how much time you can commit to and your prior knowledge. With our experience in starting franchises we can help make the process as smooth as possible for you and help you take the first step on the road to success.
I want to franchise but I don’t have start-up capital
If you have a great business model that you would like to turn into a franchise but don’t have the money to do so then Profit Street can help. We do provide funding for particular businesses that are looking to start a franchise program. It should be noted however that we are very selective in who we partner with and invest in.
Depending on your business model and goals for franchising the start-up costs can vary greatly. One of our objectives at Profit Street is to help you determine the amount of capital that you’ll need as the franchise founder in order to get everything running efficiently. Then once you know what your goal is, we can help you come up with a strategy on how to get there.
If you are interested in starting your own franchise or buying a franchise that already exists, then call the experts at Profit Street today and let us help you accomplish your business goals. (888) 781-4473
If your goal to hit the gym at 5:30 every morning is starting to wane as you settle in to 2012, maybe it’s time to think outside the box of normal new year’s resolutions. Here’s one you can try: start a new business!
What better time than January to dust off those old ambitions and reevaluate the future of your career? If you’re unhappy with where you’re at in your job, you’re probably ready to make a change. And if you’ve spent years working under someone else’s rules and catering to a manager’s preferences, it could be time to be your own boss.
If the idea of starting an entirely new business seems overwhelming, you should strongly consider opening a franchise. A franchise provides that ideal middle ground. You’ll manage your own business, but you won’t have to come up with your own product and brand, etc. It’s like having a pre-packaged business handed to you, tried and true and ready to go!
If 2012 is your year, all you need to do next is decide what type of franchise you want to open. Food? Retail? The world is your oyster! If you want to make your job especially easy, our franchise brokers can give you the guidance you need to find the perfect fit. And, it’s free — so save your money for your business ventures!
The first question that prospective franchise buyers generally ask is: “How much does it cost to start a franchise?” This question is often used interchangeably with “how much does it cost to BUY a franchise?” It should be noted, however, that these are two very different things. Starting a franchise refers to someone who owns a business, or perhaps has an idea for a business and would like to turn it into a franchise.
Buying a franchise, is purchasing the rights to own and operate a business that has already been created. McDonalds, Dairy Queen, and other popular fast food restaurants are great examples of franchises that are available to purchase. Buying a franchise could cost as little as $14,000 or as much as several million dollars depending on the industry and type of franchise. At Profit Street our team of franchise brokers is dedicated to working with potential franchise buyers and helping them find the right fit. With hundreds of opportunities spread over several industries we are certain that we can help you find a franchise that works for you.
If you are wanting to turn your business into a franchise then you need to be aware that there is a lot of paperwork involved and that the costs can vary greatly, along with the time that it takes to complete the franchising process. If you have an idea for a business that you would like to franchise then the experienced team at Profit Street can also help you with that process.
How Long Does it Take to Buy a Franchise?
The amount of time that it takes to purchase a franchise is completely up to you. The assessment that we provide at Profit Street takes just a few days to complete, and once we provide you with the results, the time that you take to consider your options is completely at your discretion. It should be noted however, that in order for most franchisors to get into serious discussion with you, you will need to show them that you are seriously committed and have plans to open a franchise within a reasonable time frame. A reasonable time frame for opening a franchise can range from 2 weeks to 12 months depending on what type of building, licensing, etc. is required to start.
What is the First Step?
There are several ways to go about purchasing a franchise. The first and most important thing you want to do is research the available franchises and see what is the best fit for your personality and for your budget. Since there are thousands of options when it comes to franchising, Profit Street offers a free assessment that helps us narrow down your search and present you with opportunities that you’ll be most interested in. To begin the process of buying your own franchise, call the experts at Profit Street today! (888) 781-4473