Should You Become A Franchise Owner?

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A webinar with Joel Libava, The Franchise King. Libava discusses the advantages and disadvantages of franchise ownership and how to make it happen.

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Should You Become A Franchise Owner?

  1. 1. www.thefranchiseking.comBrought to you by: www.directcapital.com/franchise www.franchwire.com
  2. 2. Established in 1993, Direct Capital is a direct franchise lendercommitted to supporting franchisees through all of their projects,including store acquisitions, remodels, equipment financing, andworking capital. The company is headquartered in Portsmouth, NH,and operates offices in New York, California, and New London. www.directcapital.com/franchise
  3. 3. Launched in 2012, FranchWire.com is dedicatedto serving as the news resource for franchises theworld over. Come for the analysis and helpful tips,stay for the discussion. www.franchwire.com
  4. 4. About The Franchise King®Joel Libava Joel has been involved in some facet of franchising for over 20 years, and is the author of, “Become a Franchise Owner” (John Wiley & Sons, Publisher.) He’s also a franchise ownership advisor. www.thefranchiseking.com
  5. 5. Should You Get A “Job?” Or, Should YouOwn What You Do? Job  Own What You Do
  6. 6. Well? What Should You Do?
  7. 7. Your Last 3 Bosses?
  8. 8. If you feel that you could be a successful small business owner,why the heck are you willing to work for someone else?
  9. 9. Lunch. At the top. “Sure, I’d like to start my own business, but I think it’s way too risky.”
  10. 10. 3 ways to go into business Start from scratch Buy an existing business Invest in a franchise
  11. 11. What is a Franchise Licensing system for the selling of products/services Franchisor sells licenses to others (Franchisees) License includes guidelines to follow Franchisees usually have an assigned geographic territory
  12. 12. How does franchising impact the USAEconomy? Generates 18 million jobs Contributes 50% of all retail and service $ Produces over $1.5 trillion in econ. output
  13. 13. Franchise Advantages• Systems are already in place to help you get started rapidly- a blueprint• Formal training program• Branding. Maybe…• What else?
  14. 14. Franchise Disadvantages There is a system, but it’s not yours You don’t have total control. Lots of rules What else would be a disadvantage?
  15. 15. What You Get With A Franchise• Operating system• Their experience• Formal training• Support• Branding• Purchasing Power• Marketing• Franchise network
  16. 16. Can you see yourself as an owner?
  17. 17. Some Franchise Types Food Service Retail Personal Services B2B Children’s Services GreenCheck out hundred’s of franchises at www.franchisedirect.com
  18. 18. Investment AmountsYour total investment for a franchise depends on the type of franchise it is…Home-Based- $40k+Retail- $150,000+Food franchises- $150,000+Service franchises- $100,000+Hotels/Motels- $5 million ++++
  19. 19. Financing a Franchise Your cash injection Using current banking relationships Projections Your story
  20. 20. Direct Capital Franchise Group Franchisees have special needs for equipment financing and working capital – needs that Direct Capital understands thoroughly after helping thousands of franchisees nationwide over the past 19 years. A true financing partner, we provide dedicated account teams to support our franchise customers, and can help with project management; coordinating order processing, delivery and payment across multiple suppliers to ensure your projects are completed efficiently. Visit www.directcapital.com/franchise for more details on the programs we offer to single & multi-unit franchise operators.
  21. 21. FranchWire Launched just this month, Franchwire.com is committed to providing franchise owners, vendors that serve franchises and others in the market with a one stop shop for national and local news, industry trends, special interest stories and helpful tips and directories. New content is being added every day, and we’re also on Twitter & Facebook to keep the conversation going. We’re always looking for guest bloggers and content suggestions & submissions. Please send us an email at marketing@franchwire.com if you’d like to contribute!
  22. 22. Join us for Part 2 in this Webinar Series: February 21, 2012 1pm – 2pm EST Register Today: http://bit.ly/xIglQ8We’ll cover…  Legalities  Franchise research  More information on small business loans  And more….
  23. 23. Keep in Touch! The Franchise King: www.thefranchiseking.com/blog @FranchiseKing Direct Capital: http://blog.directcapital.com @DirectCapital and @FranchiseFunder www.facebook.com/DirectCapital FranchWire: www.franchwire.com @FranchWire www.facebook.com/franchwire
  24. 24. Questions?
  25. 25. Thank You For Attending!

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