Franchise Owner Library
How to Write a Business Plan for Your Franchise
When you apply for an SBA loan, a term loan, or another form of financing, you may need to present …
Reasons You Might Need a Franchise Partner
Is a franchise partner right for you? There are a number of reasons you might say yes. Let's dive into …
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 …
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 …
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 …
Investing in a Franchise: What It’ll Cost and What You Can Afford
When you're buying a franchise unit, cost may be one of your biggest deciding factors. But what you may not …
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 …
A Crash Course on Franchise Agreements
After reading the franchise disclosure document (FDD) and taking part in discovery day, you may be given a franchise agreement. …
Asset-Backed Financing for Franchise Owners
There are many ways to finance the purchase of a franchise unit. One that few aspiring business owners consider for …
Considering Franchisor Financing? Here’s What You Should Know.
Does the franchise you're considering offer franchisor financing? These programs are a popular way to cover the startup costs of …
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 …
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 …
Smart Play: Franchise Resale Opportunities
Sometimes, it's better to buy an existing franchise unit than start a new one. The benefits of these “franchise resale” …
Considering a Franchise? Here's How to Make a Smart Call.
Thinking of owning a business? Franchises make it easy. Still, these opportunities shouldn't be pursued without some careful consideration. 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 Go-to Guide to Financing the Purchase of a Franchise
Franchise fees, real estate, equipment, and inventory are some of the many costs you’ll need to cover when starting a …
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 …
Can I Be a Franchise Owner Without Working Onsite?
Most franchises ask owners to work a minimum number of hours onsite each week. Many want their owners to commit …
Franchisor Training: What to Expect
After signing your franchise agreement, you can enroll in franchisor training. This is a program your franchisor may offer to …
How to Attain Financing for Franchise Construction or Renovation
There are many costs to starting a franchise unit. After the franchise fee, one of the most significant costs is …
Which Path to Entrepreneurship Is Right for You?
Thinking of becoming a business owner? There’s more than one way to reach this goal. In this article, we’ll help …
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 …
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 a business that …
Assess Your Skills, Interests, and Goals Before Searching for a Franchise Opportunity
If you're like many aspiring business owners, you know the benefits of opening and operating a franchise unit. But you …
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 …
Location Can Be the Make or Break Factor for Your Franchise's Success
Most franchisors provide their franchise unit owners with a territory in which they can own and operate a business. For …
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 …
Term Loans for Franchisees
When it comes to financing a franchise opportunity, loans are one of the most common sources of capital. Many commercial …