Business Turnaround: Why You Should Purchase an Underperforming Franchise, with Kevin Easterly
If you’re looking for a franchise opportunity, consider investing in a business turnaround—an underperforming franchise can make money in the right hands. If you’ve got experience and the necessary drive and willpower, it can be a great opportunity. Listen to this episode as we talk about purchasing underperforming franchises, changes that need to be made to management structure, and how to make a failing franchise profitable.
Buying a Franchise: The Final Decisions to Make, with Lance Freeman
This episode is the second in a two-part series all about buying a franchise! In the first episode, we covered everything from how to start the process, to understanding the financial model and being able to intelligently converse with franchisees. Listen to this episode, with Lance Freeman, as we continue our discussion covering validation, ‘Discovery Day’, closing the deal and purchasing a franchise location.
The Pros And Cons Of Outsourcing Franchise Development with Guest Ryan Zink
As a business owner in the beginning stages of starting a franchise, how do you know when to outsource franchise development? Do you have a few locations and you want to focus your time and energy on your current franchisees? Do you have a quality regional developer? In this episode of Franchise secrets, we chat with Ryan Zink about your options: to outsource or not.
An In-Depth Look at the Process Behind Buying a Franchise with guest Lance Freeman
In this episode of Franchise Secrets, we will talk about the step-by-step process of buying a franchise. Are you ready to purchase a franchise and want to know what the process looks like? Do you know what information to look for—and what they are looking for from you? From differentiating yourself from the crowd as a possible franchisee to understanding the franchise disclosure document, we have you covered with this insiders guide!
Franchise Opportunities: The Role of a Regional Developer with Guest Mark Johnson
When researching franchise opportunities an important role for you to understand is that of a Regional Developer. They are sometimes also referred to as area developers or master franchisees. The role is somewhat of a hidden gem—the opportunity to work in this position is hard to come by. So what role do they play in the realm of franchising? Why is it so exclusive? Listen to this episode with special guest Mark Johnson as we delve into the world of regional developers.
Navigating a Commercial Lease Agreement with Guest Eric Finkelstein, Ep #6
Sourcing a franchise location and learning to understand how a commercial lease agreement works can be daunting. The technical jargon can be overwhelming—and these agreements are riddled with things you need to know. On this episode of Franchise Secrets, I interview Eric Finkelstein and we talk about everything from crafting your Letter of Intent to finessing the final lease agreement itself.
Want to Create a Franchise? Address These Legal Red Flags First, with Lane Fisher, Ep #5
It’s not uncommon for anyone who builds a successful business to think they should turn it into a franchise. But becoming a franchisor is not as simple as selling the idea to an interested buyer. There’s a right way and wrong way to go about it - and Lane Fisher is one of the guys who can explain what the right way is in clear terms.
As a Franchise Attorney, Lane currently represents more than 500 franchise brands in business transactions and complex franchise litigation and is a member of the American Bar Association’s Forum Committee on Franchising. He deals with the legal side of franchising day in and day out. This episode is part one of a two-part conversation, so join us to learn how to consider whether or not you should become a franchisor.
Start a Franchise Business: How to Find the Best Location, pt. 3
- Take advantage of free advertising available at daily needs centers
- How to leverage nearby businesses with the same synergies
- What kind of people are grocery stores and fast casual restaurants going to attract?
Start a Franchise Business: How to Find the Best Location, pt. 2
What are you supposed to look at when selecting the best location for your retail franchise business?
Erik shows how he does property macro-analysis, and discusses improvement costs with his agents.
Start a Franchise Business: How to Find the Best Location, pt. 1
This is the first video in our Site Selection series! Follow Erik and his real estate agents around Denver as they look for the best location to open a franchise business.