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Articles That Drive Action

A person sits on a couch and reads a franchise disclosure document

Your Guide to Reading a Franchise Disclosure Document

When you are evaluating a franchise for purchase, one of the documents the franchisor will share with you is the …

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A person sits at a desk in an office and works through the steps of buying a franchise

Nine Tasks to Take on Before Buying a Franchise

Franchises are a popular choice for a reason: They offer entrepreneurs an opportunity to purchase and run an entity that …

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A person looks thoughtful while working on the computer to determine "which franchise is right for me?"

Assess Your Skills, Interests, and Goals Before Searching for a Franchise Opportunity

Franchise ownership can be an exciting opportunity for people with a variety of skills, backgrounds, and experiences. By understanding the …

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The costs of a franchise unit can be covered with an SBA loan.

Finance Your New Franchise with an SBA Loan

If you are considering the purchase of a franchise, you may be wondering about SBA loans, one of the most …

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Two people use a calculator to determine how much a franchise will cost

Investing in a Franchise: What It’ll Cost and What You Can Afford

For many prospective franchise owners, one of the most important considerations is cost. Here are eight costs you must consider …

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A person at a computer is on the phone working with a ROBS advisor to set up a rollover as business startup from his 401(k).

How to Use Your Retirement Account to Fund Your New Franchise

There are many ways to attain the funding you need to purchase a franchise unit. But if the idea of …

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Two professionals interested in a franchise choose to partner.

Reasons You Might Need a Franchise Partner

Is a franchise partner right for you? There are a number of reasons you might say yes.   What are …

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People attend a discovery day event

What is Discovery Day and How Should I Prepare?

Discovery day is an event franchisors hold to showcase the business to prospective franchise unit owners. This event provides the …

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A person sits in a office and reviews a series of franchise agreements

A Crash Course on Franchise Agreements

After reading the franchise disclosure document (FDD) and attending a franchise’s discovery day, you may be invited to sign a …

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Find the right fit.

There are thousands of franchise opportunities available for aspiring business owners, but it can be challenging to find the right one. Many factors weigh into the decision, and considerations, including the cost of ownership, the preferences of a local market, and the resources that a potential owner can use for startup, can easily overwhelm the savviest business professionals. 

Where should you start? Our guide to finding opportunities that suit your skills, interests, goals, and budget will point you in the right direction.

Examine the costs.

What does it cost to run a franchise unit? It’s the sum of the initial franchise fee, royalty payments, advertising fees, real estate costs, signage costs, equipment costs, inventory expenses, and working capital needs. 

We can help you breakdown these costs—and learn how to cover
them— in our ultra-handy guide.

Proceed with confidence.

There is risk to buying into someone else’s system. How you can ensure you’re making a smart investment? The short answer is due diligence. 

You’ll spend time examining the opportunity, working through the franchisor’s financials, and determining whether the option you’re considering can survive in your local market. This process starts with reviewing the franchise disclosure document (FDD), a 50-plus page resource that requires legal and financial expertise to fully comprehend. Our guide to the FDD will give you a solid foundation.