Joel LibavaMost of the people who subscribe to this franchise blog are here to gather information about buying a franchise; not selling a franchise. Big difference.
If you're a would-be franchise owner, you're focused on finding that "perfect" franchise. You're trying to get your arms around the up-front investment, and your return on that investment. That's what you should be doing. But, there's something else that most future franchise owners forget to consider.
Is the franchise that you're thinking of investing in have a potential to create some real equity? Let's hope so. Because that would be a good thing.
For example, if you're looking into investing in a retail franchise, you may have an opportunity to become a multi-unit owner, and it's easy to see your equity. All you have to do is drive from one location of yours to the other locations that you own. They're your businesses! WOW!
(*Click The Logo Above For an Example of a Multi-Unit Retail Franchise.)
Most pet franchise opportunities aren't worth your time. This one is different — and most people never even hear about it. Low investment. Serious support. Real upside.
Check Out This Opportunity Today
But, if you're considering a business to business franchise, like a consulting type of franchise…maybe something home-based, like a business-coaching franchise, it's a little harder to put your finger on just how much equity you'll be able to enjoy.
Read this important post about coaching franchises.
Part of your franchise due diligence needs to include your exit strategy. Most franchise agreements are 10 years. What are you going to do when your contract expires? Will you renew it? Will you sell it?
Here's an Inc.com post from fellow Small Business Trends writer John Warrillow, that will give you some great tidbits of food. For thought. About selling your franchise, when the time comes.
Read the Inc.com franchise article
Here's where to go to find your franchise.
About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
Note: When you buy through links on this website, we may earn an affiliate commission.
