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Franchise vs. Existing Business

A more difficult decision than deciding whether to buy a franchise or start a business from scratch is whether to buy a franchise or buy an existing business. The difficulty lies in the fact that both the franchise and the existing business have many similarities, such as:

· Both are (presumably) successful business concepts. If they weren't successful, you wouldn't be considering them now.

· Both will cause you to pay a premium for the successful business concept. A franchise may be more costly due to its previous track record of successes.

· Both have name recognition. The existing business will have at least local name recognition while the franchise may have local and even national name recognition.

· Both may provide management support. Management support should be inherent in the franchise purchase. Management support generally isn't included in the purchase of an existing business but can be structured into the deal by retaining the seller to stay on as a consultant for a period of time.

Here are a few things that the purchase of a franchise will provide to you that the purchase of an existing business will not:

Continuous management support. One of the core concepts of a franchise is that the franchisor provides management support for the life of the franchise. Even if a seller has agreed to remain a consultant for an existing business, that consulting arrangement is for a limited period of time. After the consulting arrangement ends, the buyer is on his or her own.

Greater exposure. A franchise will usually provide greater exposure to new customers through national advertising campaigns and name recognition.

Costs shared. Expenses that apply to each franchise, such as advertising, may be pooled to take advantage of group discounts.

Less risk. Franchising succeeds only if the individual franchisees are successful. Thus, the franchises are packaged in a manner that will enable the franchisee to succeed. The franchises are usually based in whole or in part on previously successful franchise arrangements. In comparison, an existing business may not have any history other than its current one. Although an existing business is successful for the current owner, that success may not transfer over to another owner.

Complete business methodology. A franchise can provide a training program to teach the franchisee about the business operation and industry, even if the franchisee has no prior experience.

In choosing between a franchise and an existing business, you'll just have to decide whether these extra features you get are worth the cost you'll have to pay for them.

The experts have weighed in: From the Wall Street Journal to Entrepreneur Magazine, SERVPRO is repeatedly honored as a premier franchisor in the cleanup and restoration industry. You'll learn why when you listen to our Franchise Owners talk about their experience! SERVPRO equips its Franchise Owners to lead and manage a solid business operation.

Once you know how much you are willing to invest in your franchise, and your interests and capabilities, you're ready to explore what type of franchise is suitable for you. Don't just select the first franchise that fits your needs. This is an important decision that is life changing, so shop around.

Michael and Marian Ilitch opened the first Little Caesars Pizza in 1959 in Garden City, Michigan.

Under their leadership,

Little Caesars has grown to be one of the top four international pizza chains

with restaurants on five continents. Both remain involved in the business today.

 



DETROIT  — Little Caesars® Pizza today announced the appointment of Dana M. Tilley as vice president of Research, Development & Innovation. In her new role, Tilley will oversee all R & D and concept innovations including testing and the implementation of new products, recipes, packaging and equipment. She will report to David Scrivano, president & CEO of Little Caesars.

         “Dana will be an excellent asset to Little Caesars as we continue to grow and innovate in all aspects of the business” said Scrivano. “Her strong background in product innovation and quality assurance makes her a perfect fit for this position, and will help us continue to provide our customers with great quality products for a great value.”

Tilley has over 25 years of experience in the restaurant industry. During that time, she has worked for several leading food service companies.

“Little Caesars is the value leader,” Said Tilley. “I’m looking forward to building upon its strong heritage to help enhance our customers’ experience with the brand.”

Tilley earned a bachelor’s degree from Kansas State University. She will reside in the metro Detroit area with her husband.

About Little Caesars Pizza
Little Caesars Pizza founders Michael and Marian Ilitch opened their first restaurant in Garden City, Michigan in 1959. Little Caesars added more stores in the world in 2010 than any other pizza chain and today is the largest carry-out chain internationally with restaurants on four continents. Little Caesars is growing in prime markets across the country, and is offering strong franchisee candidates an opportunity for independence with a proven system. For the fourth year in a row, Little Caesars was named “Best Value in America”* of all quick-serve restaurant chains. In addition, Little Caesars offers strong brand awareness with one of the most recognized and appealing characters in the country, Little Caesar.
In addition to Little Caesars Pizza, Michael and Marian Ilitch’s companies in the food, sports and entertainment industries include: the Detroit Red Wings, Olympia Entertainment, Olympia Development, Blue Line Foodservice Distribution, Champion Foods, Ilitch Holdings, Inc., Uptown Entertainment, Little Caesars Pizza Kit Fundraising Program, and a variety of venues within these entities. Michael Ilitch owns the Detroit Tigers. Marian Ilitch owns MotorCity Casino Hotel.

For more information about Little Caesars and available franchise opportunities, visit www.LittleCaesars.com or call 1.800.553.5776.

 


Little Caesars® Pizza Names Dana M. Tilley
Vice President of Research, Development & Innovation

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We take great pride in connecting future business owners to the right opportunity.

Express Employment Professionals Hits Historic Company Milestone
Staffing Company’s Associates Work 3 Million Hours in One Week for Employer Clients

OKLAHOMA CITY -- Express Employment Professionals, one of the nation’s largest privately-held staffing companies, announced today that associates at more than 550 Express franchise locations in the United States, Canada and South Africa worked a combined total of 3 million hours in a single week for employer clients.

In reaching this milestone Express set a new company record.

“This is a huge accomplishment for our organization,” said Robert A. Funk, CEO and chairman of the board. “Regardless of the struggling economy and lackluster job market, we’ve managed to find jobs, put people to work and help employers who need qualified, temporary staff on hand.

“To put this into perspective, 3 million hours is equivalent to three more Brooklyn Bridges being built to span New York City’s East River or 103 CN Towers being built to preside over the city of Toronto. The likeness of all 44 U.S. presidents could be carved into Mount Rushmore’s granite cliffs twice,” Funk said. “And, in just one week, Express put more than 80,000 people to work at companies across North America and South Africa.”

The third quarter of 2011 marked the seventh consecutive quarter with double digit percentage growth for Express. Additionally, as of Aug. 7, Express topped $1 billion in sales for 2011 and recorded the highest sales week in the company’s history at $37 million for the week ending Sept. 25.

“Though economic recovery has been slow, we’re seeing employers’ confidence levels increase,” Funk said. “More importantly, we’re seeing talented candidates looking for work and we’re doing everything we can to get them placed.”

Despite being one of the most challenging economic climates most people have ever seen, Express franchisees have placed more than 275,000 people in jobs year to date.

Worldwide, Express Employment Professionals puts nearly 300,000 people to work each year and has more than 550 offices in three countries. Express provides expertise in evaluation hire, temporary staffing, professional search and human resources and works across a wide variety of industries. Sales for the Oklahoma City based company totaled more than $1.9 billion in 2010. For more information, visit www.expresspros.com/3million.


 

 

From its humble beginnings in 1927 selling milk and bread from an ice dock in Oak Cliff, Texas, 7-Eleven, Inc. has grown into an international powerhouse with more retail outlets than any other company in the world -- now numbering 40,000. 

Who we can help . . .

Our services are primarily geared toward three markets:

· Companies seeking to franchise a business for the first time.  These clients will already have developed a successful prototype and are looking to expand through franchising.

· Companies who are already franchising.  These clients are looking to improve on an established franchise system, hire personnel, increase their operating efficiency, improve quality, or increase franchise sales effectiveness.

· Manufacturers currently selling through dealers or distributors.  The iFranchise Group has developed a proprietary system for helping these clients increase operational control, improve brand image, and increase product sales.    

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RICHARDSON, Tex.– Wingstop has introduced a new eatery concept for the brand that combines the chain's signature wings with a sports twist.  Wingstop executives today joined Hall of Fame Quarterback Troy Aikman for a grand opening to celebrate a Wingstop Sports flagship restaurant in Brownsville, Texas.

Troy Aikman, Wingstop spokesman and board member, declared: "The Rio Grande Valley is home to some of the most loyal and dedicated sports fans I've seen, so it's fitting that we launch our new sports-themed concept here."

With 420 restaurants, Wingstop has been franchising since 1997.

Five hundred of America's largest restaurant chains registered a 3.4 percent annual sales increase in 2011, a sharp improvement over 1.8 percent in 2010.That's according to an annual report by foodservice researcher Technomic. The foodservice consultancy found that U.S. system wide sales for the Top 500 chains grew to an estimated $242 billion in 2011, up more than $8 billion over 2010.

Wendy's domestic sales in 2011 have passed up former #2 burger chain giant, Burger King Holdings Inc.

7-Eleven is planning a big splash as it returns to Jacksonville,  FL opening 15 to 20 stores in the area this year and 80 by the end of 2015.



Maid Brigade Offers New Maid Simple House Cleaning™ Franchise Model

ATLANTA Individuals looking for a low-cost and flexible franchise business opportunity can become a business owner in a few weeks with the new Maid Simple House Cleaning™ franchise model from Maid Brigade. Maid Brigade is the nation’s leading cleaning franchise with more than 400 franchise locations throughout the United States and Canada.

“Our unique franchise model offers advantages not found with franchises costing six figures or more. And, all new owners need to do to get started is roll up their sleeves and go to work – we take care of the rest”

For a $25,000 investment, which includes the $4,995 franchise fee, Maid Simple House Cleaning is a home-based franchise package.

Maid Service and House Cleaning from Maid Brigade � Your Home. Cleaner.

Franchisee satisfaction and profitability are up over past years, according to a new report released today by market research firm Franchise Business Review.

LIBERTY TAX HAS THEIR FIRST DIGITAL MAGAZINE CLICK HERE TO VIEW

Check out our premier issue of Give Me Liberty magazine and get an inside glimpse at the people and culture that make Liberty great.

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Padgett Business Services® is considered to be the small business expert and has been for over 40 years. We offer a unique combination of business and information services to help our clients succeed. Our clients turn to us to keep their financial records in order, stay current with tax planning, take care of the hassles surrounding payroll and advise them on other business and personal matters. By keeping our clients' financial records current, we are able to advise them about their businesses when it counts.

Of course, we offer an array of other small business services. From startup, to expansion, to wherever your business is going, our comprehensive services will help you get there.

What drives us? Playing a role in your success and supporting your entrepreneurial spirit!

DAYTON, OHIO, December 21, 2010 – Comfort Keepers, a leading in-home care company for seniors and other adults, announced today that it achieved a rank of #62 in the Entrepreneur Magazine’s Franchise 500® for 2011. For eight consecutive years, Comfort Keepers has ranked in the listing. The Entrepreneur Magazine’s Franchise 500 is compiled by a team of researchers at Entrepreneur magazine and is created by reviewing objective, quantifiable measures of a franchise operation. The most important factors include financial strength and stability, growth rate and size of the system.

"Comfort Keepers is a strong brand in the growing senior care market," said Jim Brown, Vice President of Franchise Development, CK Franchising, Inc. "We are proud to consistently be recognized as one of the top franchise systems by Entrepreneur Magazine in the Franchise 500."

In addition to the overall ranking, the magazine also recognized Comfort Keepers in several other categories:

· #74 – Fastest Growing Franchise

· #18 – Top Low-Cost Franchise

· #16 – Top Homebased Franchise

· #55 -- Top Global Franchise

Troy, MI - Kurt Rudi Ziebart, founding father of the Ziebart brand and company, died on Monday, September 12, 2011 at his home in Williamsburg, Michigan. He was 91 years old. Kurt was born in Kiesslingswalde, Germany on July 27, 1920, to the late Karl and Amalie (Muschkewitz). He earned the prestigious German certification of Master Mechanic, or Meisterbrief, establishing his vast expertise in the processes and equipment involved in mechanical repairs. Kurt went into business with his father, repairing and selling used automobiles in postwar Germany. He married his wife, Edith Margot Jordan, on March 10, 1951, in Berlin, Germany. They immigrated to Detroit, Michigan, in 1953 and had three children.

There are an estimated 3,000 different franchisers (franchise business companies) operating in the U.S. today. 

5x5blackbulletpointIt is estimated that there are over 825,000 franchise businesses across 300 business categories in the U.S. which provide nearly 18 million jobs and generate over $2.1 trillion to the economy.

5x5blackbulletpointAccording to the IFA  (International Franchise Association) almost 4% of all small businesses in the USA are franchises.

5x5blackbulletpointThere are More than 300 different industries and business categories that use the franchising business model as a means to distribute goods and services.

5x5blackbulletpointIt is estimated that the franchise industry accounts for approximately 50% of all retail sales in the US.

5x5blackbulletpointA new franchise business opens every 8 minutes of every business day. 

5x5blackbulletpointApproximately one out of every 12 businesses in the U.S. is a franchise business.

5x5blackbulletpointThe average initial franchise investment is $250,000- excluding real estate.

5x5blackbulletpointThe average royalty fees paid by franchisees range from 3% to 6% of monthly gross sales.

5x5blackbulletpointMost franchise companies have fewer than 100 units.

5x5blackbulletpointThe average length of a franchise contract is 10 years.

5x5blackbulletpointTop franchise industry- Fast Food Franchise

5x5blackbulletpointTop franchise company- McDonalds