franchising system

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A:People who are interested in franchising go to websites where they can find franchising opportunities. I suggest you contact the editors of these websites and ask how you can get your franchise listed or mentioned in their pages: Franchise Times Magazine http://www.franchisetimes.com/ Franchise.com http://www.franchise.com International Franchise Organization http://www.franchise.org/ Franchise Handbook http://www.franchisehandbook.com Franchise Update Magazine http://www.franchise-update.com. Franchise International http://www.franchise-international.net/ Entrepreneur.com http://www.entrepreneur.com/franzone/listings/fran500/0,5831,,00.html While it may be a little late now (you can still if they still accept you), but there is an upcoming International Franchise Show in Washington DC on June 2-4, 2006. I attended last year's and it is a good mix of well established franchises and new franchises. You should try to participate next year to get your name out in the franchise community. You can check their website at http://www.franchiseexpo.com/

A:A franchise agreement is normally for an extended period and can be quite a complicated document. I think ultimately you need to have it drawn up by a lawyer, but you can do a lot of the preparation beforehand, so you need not spend too many expensive hours with the lawyer. The site listed below has really extensive information on franchising and all it involves. Hope it helps ... and best of luck with your business venture!

A:I will do my best to answer some of these questions. First off franchising started to take off in the 1950s. The advantages to franchising is it has a proven track record and support system. Franchises very seldom fail, which makes it quite attractive to become a franchisee. The disadvantage to franchises is that they take a cut of all sales and profits. Also they take a franchise fee to get started in a franchise. The benefits of this to you is that the owner of the corporation would like you to succeed so they can keep the profits comming into them. The chamber of commerce as always looking to help businesses succeed in the town that it serves because when a business succeeds they generate more revenue for the town. The advantages to owning your own business and not having a franchise is obvious...you don't have to pay anyone a cut of your gross. However you don't have a support network, and the odds of you succeeding are stacked against you. Another disadvantage to franchises is many times you have a decreased freedom in what you can offer since it must fall within their set standards. Preparations for becoming a franchise usually mean you have liquid cash available and can purchase the franchise fee. Also you must attend their classes and many times work at one of their franchises before you start your own. This gives you a feeling on how a successful franchise is run. Conclusion is it is VERY good to own a franchise. It is an almost guarenteed success, plus franchises often offer promotions and commercials at no cost to you (except the ammount collected from gross sales). Take for example the success rate of a franchise Jimmy Johns....Last time I checked (2002) they had 100 franchises and off the 100, 2 had closed...of the 2 that had closed 1 had been relocated and was successful. This would equate to a 99% chance that if you owned a Jimmy Johns you would be successful. Versus starting your own business with a 5 year rate of success for small business at 10%.

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