Selecting Franchise Buyers based on Performance, Lease Guarantees, and New Risk Factors in Franchising
1. Many terrific franchisors use our FranchiZe Profile because it predicts how a franchise candidate will perform.
2. The standard personal guaranty requires a franchisee to put his personal assets behind the lease commitment. How do you avoid this?
3. Investing in a franchise is a huge deal. Learn these new risk factors.
1st Story -109Clicks = PR Value of $685.61*
You Need to Spend More Money to Recruit Franchisees
In a recent LinkedIn discussion, one of the participants mentioned the fear that many franchisors have when using a selection tool like a personality profile.
The reason for that concern was the general lack of independent data that demonstrates the effectiveness of the profile in predicting performance of franchisees.
2nd Story -108 Clicks = PR Value of $679.32*
Did You Make this Mistake When Signing Your Commercial Lease?
"We have a problem," Harvey announced flatly. "The buyer of your P for P store has gone out of business, and now the landlord is demanding that you pay the back rent and damages. Some $353,000, or thereabouts."
The slight breeze suddenly felt very cold as Kevin tried to process this unexpected disaster. "Why is the landlord coming after me," he asked weakly, "I haven't been involved with the business for over six years now. How could this be happening!?"
3rd Story -65 Clicks = PR Value of $402.56*
5 Risk Factors for Investing in a Franchise
Investing in a franchise is a huge deal.
Before you take the plunge, you want to know exactly what you are getting yourself into.
After all, you don't want to make a risky investment; if a franchise has financial problems or appears to be struggling to create and retain business, it is probably best to look elsewhere.
* Value based on current LinkedIn's advertising rates this month, target audience and Google Analytics.
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