Paul McCulloch and his wife Paula own 11 Smoothie King locations, soon to be 14, throughout the greater Nashville, TN area as well as the surrounding communities. He shares his thoughts regarding what you should consider prior to buying a franchise and how to be successful in franchising. Click here for the full story or here…
In our research, we’ve found that many Food & Beverage franchises struggle to maintain strong franchisee satisfaction. Still, there are a number of brands that stand out among the rest, some outperforming the industry benchmarks year after year.
What’s particularly interesting is when a brand manages to maintain a great reputation and earn loyalty among its customers also receiving high ratings from its franchisees in terms of the training and support provided, brand leadership, financial opportunity, and more.
The happiest people are those who are solving tough problems and “making a difference” in people’s lives according to Harvard professor Rosabeth Moss Kanter. It’s therefore not surprising then that franchisees within the child and senior services sectors tend to feel especially fulfilled. Learn about the opportunities they offer.
Estimates say the overall addressable home services market size is between $250 billion to $400 billion.1 Key factors driving it’s growth are: Increasing number of two-parent households: Households in which both parents work full time now stand at 46% and the median household income for families with two full-time working parents is $102,400.2 The…
You want to be a franchise owner, but you also want to work from home, make your own schedule, AND bring in a serious income. It may seem like you’re asking for a lot, but that kind of ambition is exactly what draws many entrepreneurs to franchising.
We sometimes receive questions from franchise seekers about why we don’t have certain big name franchise brands listed on our website. The answer is not the same for each brand, but it’s important to note that the brands we DO feature meet several criteria:
Along with financing the start-up of your new franchise business, it’s important you have enough liquid capital to run the business until it starts generating positive cash flow. So, while you’re researching different franchise opportunities, you might want to ask franchisors and current franchisees how the corporate office ensures new franchisees have enough money early on.
In many cases, a franchisee’s personal income is significantly lower than the profits that their business might generate. This is due to a variety of things including loan payments, required business reinvestment, and taxes; all of which get paid out business profits before a franchise owner can ‘pay themselves.
The three most common factors in workplace engagement: A meaningful vision of the future; a sense of purpose; and great relationships.