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Considering opening a franchise unit? We’ve got you covered. Sign up today for a step-by-step guide to franchise ownership and articles that will simplify every step of finding, vetting, financing, and opening a franchise unit.
What can Owner Actions help you take on?
Finding 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.
Examining 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.
Proceeding 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.
"Franchisors do a great job of getting people enrolled and trained in their programs, but they don't always tell you how to set up your buying corporation, find outside sources of funding, or make smart hiring decisions. Owner Actions can help you fill in the rest."
Mark Fleming
Co-founder and CEO of Owner Actions
Articles that drive action
Celebrate Opening Day for Your Franchise
Lots of work goes into starting a franchise unit, and your opening day is a milestone achievement. To celebrate, think …
Who’s on Your Team: Navigating Franchise Brokers, Coaches, and Consultants
When searching for a franchise, you may come across a franchise broker, coach, or consultant who offers to help you …
How to Hire Employees Who Will Make Your Franchise a Success
Will your franchise succeed? The answer can depend on the people you bring on board. That's why it's vitally important …
Lease or Buy: How to Make the Right Call for Your Franchise Location
For most franchises, location is a factor you can’t afford to get wrong. You'll need to spend time assessing your …
Term Loans for Franchisees
When it comes to financing a franchise opportunity, loans are one of the most common sources of capital. Many commercial …
Studying Your Target Franchise’s Requirements
Every franchise has a set of requirements prospective owners must meet to begin the ownership process. In this article, you'll …
How to Find Franchise Opportunities That Suit Your Skills, Interests, Goals, and Budget
Many sites list franchise opportunities, making it easy for prospective owners like you to find and compare options. But, sometimes, …
Your Guide to Reading a Franchise Disclosure Document
When you're evaluating a franchise for purchase, one of the documents the franchisor will share with you is the franchise …
Find a Great Location for Your Restaurant
Need a great location for your restaurant? Lots of factors come into play. To start, you'll want to be close …
