Category ‘Franchise Basics’

What is a franchise advisory council?

Many systems have a franchise advisory council (FAC), which is a committee of franchisees who provide input to the franchisor on ways to improve the system. The name given to this committee may vary from one brand to the next, but the underlying principle of a panel of franchisees...

Can you franchise your own business?

What do you look for to determine whether your business can be franchised successfully?  That all depends on your business.  One size does not fit all.  The following are some general criteria that you need to look at. Do you have a unit prototype? If you don’t have an...

Selling your business

Smart franchisees orchestrate their exit strategies meticulously, from the overture to the finale.   They devise a personal business plan, plotting when and how they want out.  In this way, they can continue to have one foot firmly in their franchise while the other foot is inching out the door....

Single/Multiple Unit Franchising/Regional Development/Master Franchising – 
What is this all about? 
Some Advantages & Disadvantages

When investigating franchises many people think in terms of opening only one unit or a one territory service concept. Many don’t know that options exist in looking at more than one unit/territory. Also, becoming a Regional Developer or Master Franchisee is also an option for those with more investment...

Ontario disclosure – Franchisee Protection

In Canada, franchising is regulated at the provincial level.  Ontario’s franchise legislation is named the Arthur Wishart Act (Franchise Disclosure) 2000 (the “Wishart Act”).  The Wishart Act basically follows the US model of requiring a disclosure by a franchisor to prospective franchisees.  This is remedial legislation, aimed at ensuring...

What is franchising

Franchising is being in business for yourself, but not by yourself.  A successful franchise system depends on the partnership of complementary skills.  It is the ideal way to combine the ambition and commitment of the individual, with the proven success, corporate resources, systems and strengths of the large company....

What is a Franchise?

Franchising is a system for expanding a business and distributing goods and services – and an opportunity to operate a business under a recognized brand name.  For example, KKP, a division of Kwik Kopy Printing doesn’t franchise spa services, and Hand &  Stone Massage and Facial Services doesn’t franchise...