What are the best Franchises????????
Hi All, I haven’t been on here for a while and just wanted to get people’s thoughts on Franchises. What are the best Franchises around? Are there any new up and coming Franchises to look out for? I work in the asset finance industry specialising in Franchise Finance. I have arranged finance for many Franchises in the past including; Subay, MacDonalds, Shakeaway, Shook, Energie etc. It’s always interesting to get other people’s thoughts on Franchises especially in times like these where more and more Franchises are appearing everyday. Regards Chris Martin Portman Asset Finance Ltd
Kind Regards Chris Martin Account Manager Portman Asset Finance www.portmanassetfinance.co.uk
i would say mc donald’s. Here, in Brasil, the price is rounding something about 1 million, just to get it.
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I think your question is about ‘ How to be successful in franchising ‘
Many people have taken many routes to success in franchising. There is no one set way to do it. But there’s much that can be learned from the failures and successes of others. Just my opinion . My recommend is UPS Store .
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Sorry I am not here tp answer your question but to ask one.
I am going to get a Franchise early next year. I will borrow 70% of 140,000 and put 42,000 up myself. (American Keyboard no Pound sign)
I have scourred the internet but I am unable to find a typical APR for this sort of loan. As this is your speciality I expect you would be the best person to ask. I have tried asking high street lenders direct but they have simply said we cannot tell you until you have applied. I want a figure I can work with now to calculate my cashflow.
Franchise business models vary a great deal but the real issue is what’s right for you.
For many people who don’t have a lot of business or marketing experience a franchise is a great way to go. Obviously some franchises are better than others. Buying a franchise is no guarantee of success, but if you don’t have a lot of business experience, your chances are much better with most franchises. In most cases, they’ve already established the brand and the model for you.
The downside of a franchise program is that you are paying a big premium for the rights. That premium doesn’t translate to inventory or assets, it becomes commission for the person selling you the franchise. In many cases, a third of what you pay for the franchise goes to the pockets of the person selling you the franchise. If you put the same money into starting your own business it is usually much less expensive if you know what you are doing.
If you’re thinking of buying a franchise, you should call around and talk to others who’ve bought the franchise and get their opinions.
For some franchises, all you’re doing is spending a lot of money to buy yourself a job.