July 18, 2007 - (Chanhassen, MN)---In the business world, making your company’s presence known is no small feat. Getting noticed takes more than just a flashy logo or catchy slogan; it takes the know-how of an expert to grow and sustain the brand. Scott Arbuckle is that expert and, effective immediately, his know-how is exclusive to Rapid Refill Ink as its new vice president of franchise development.
Arbuckle is no stranger to franchising. As the former director of franchise sales for Liberty Tax Services, Arbuckle oversaw a franchise sales system that opened over 1,000 new locations in three years. Arbuckle’s work propelled Liberty Tax into the status of the fastest growing tax preparation franchise system, an impressive accomplishment given the presence of H&R Block and Jackson Hewitt. Though the parallels between tax preparation and toners may seem limited, Arbuckle is committed to use his knowledge to make Rapid Refill Ink a driving force in the franchise community.
“Over the past several years, I’ve been working in a system that brings on several hundred stores per year and I am looking forward to reaching and exceeding those levels at Rapid Refill Ink,” said Arbuckle.
Steve Hockett, president of Rapid Refill Ink, has the utmost confidence in his abilities.
“I’ve known Scott for many years and have seen him accomplish any goal he sets his mind to,” said Hockett. “Now that he is a part of the Rapid Refill Ink family, I know he will make our brand even more dynamic and valuable.”
Rapid Refill Ink is a U.S.-based retailer in the multi-billion dollar ink and toner industry with storefront operations that utilize state-of-the-art technology and equipment to remanufacture cartridges. Overall savings on remanufactured cartridges can be up to 50 percent below those of OEM (Original Equipment Manufacturer) cartridges. The Rapid Refill Ink store database lists 1,000 different inkjet cartridges and 200 models of laser toner cartridges, including refilled and brand name cartridges. Rapid Refill Ink already has signed franchise agreements in place for the opening of 150 locations in the next several years. Its first international expansion will likely be to Canada within 12 months. The company is expecting substantial growth from multi-unit franchisees who would each open three to five units over the next five to seven years. Rapid Brands Inc. and its wholly owned subsidiary, Rapid Refill Corp., are traded on the Toronto Stock Exchange (TSX) Venture Exchange under the stock symbol RAP.
View Company Website: http://www.rapidrefillink.com
Source : http://www.franchisewire.com
8/17/2007
Rapid Refill Inks a New Deal
New Zealand Franchise Group Celebrates in Germany
July 19, 2007 - Speaking at the event Group Managing Director Brem Ellingham said that between year one and year five, Fastway Germany’s sales increased by 1,425%, and over the past year, their monthly sales have been approximately 50% higher than the same month in the previous year.
Attended by over 100 franchisees, suppliers, and associates, the function was held in a giant aircraft at Speyer’s Technik Museum and was publicised by local media from the town’s newspapers and television station.
As the Vice Chairman of the New Zealand Franchise Association, Mr. Ellingham was pleased to extend the hand of international franchise friendship to Herr Dr. h.c. Dieter Fröhlich, the President of the German Franchise Association, who was a guest speaker at the event.
Other guests included the Mayor of Speyer, Fastway Founder and Chairman Bill McGowan, and senior staff from Fastway’s global office.
Fastway Germany’s National Master Franchisees Robert Förster and Doris Dähler spoke of their faith in the Fastway franchise system, and their enthusiasm to continue growing and developing their business.
Mr. Ellingham said that Fastway Ireland had also celebrated five years in business this year.
“A Fastway franchise is a long term sustainable business, and in Europe our franchisees are now realising the exponential growth that they deserve, following the hard graft of the early start up years.”
Mr. Ellingham said that for the past three years Fastway’s strategy has been one of consolidation, and growing stronger revenues from existing franchises, but plans are now afoot for further expansion.
“I’m pleased to announce that we recently signed a Heads of Agreement for the National Master Franchise in South Africa. They plan to commence their training and induction program this year and commence operating in 2008.”
View Company Website: http://www.fastway.co.nz
Source : http://www.franchisewire.com
Maid Brigade Launches Certified Residential Green Cleaning Service
July 25, 2007 - Maid Brigade, a national residential cleaning company, announces the launch of its Green Clean Certified system – the only national housecleaning service using cleaning products certified by Green Seal, Inc., a non-profit organization devoted to environmental standard setting, product certification and public education. Maid Brigade’s Green Clean Certified system also uses equipment and processes that conform to Green Seal’s cleaning service standards.
According to the United States Environmental Protection Agency (EPA), air inside the home is, on average, two to five times more polluted than the outdoor environment. In extreme cases the air can be 100 times more contaminated, largely because of household cleaners and pesticides. When Maid Brigade learned of these staggering figures, the company felt a huge responsibility to help improve the air quality in customers’ homes by changing its cleaning products and systems.
“The decision to offer a green cleaning service was driven by our commitment to our customers and our employees,” said Howard Purdy, Maid Brigade’s Vice President of Operations. “We performed our due diligence to research the best green products and practices, and incorporate those into our complete green cleaning system.”
By eliminating the use of harsh, toxic chemicals that can cause pollution in the home and damage to the environment, Maid Brigade delivers a green cleaning that promotes a healthier home environment and minimizes the impact to the ecosystem.
More than 50 percent of Maid Brigade franchisees are going through the internal certification process or have completed it. By the end of this year, all Maid Brigade offices will be fully certified.
Green Clean Certified
Maid Brigade is currently the only national residential cleaning company committed to green cleaning. In advance of an established government or third party green cleaning standard for the residential cleaning industry, Maid Brigade has developed its own Green Clean Certified system, patterned on Green Seal’s standard for the commercial cleaning industry wherever applicable. Green Seal has initiated a product eco-labeling program that sets the standard for environmentally-friendly cleaning solutions and identifies them as such.
In addition to using Green Seal certified cleaning solutions and processes, Maid Brigade’s vacuums are certified through the Carpet & Rug Institute’s Green Label Program meeting stringent standards for soil removal, dust containment and carpet appearance. Maid Brigade’s system also eliminates cross-contamination of surfaces and prevents the transfer of bacteria from room to room. By using microfiber cloths and mops instead of cotton or paper, along with concentrated cleaning solutions, Maid Brigade reduces solid waste, lessening environmental impact.
Each Maid Brigade franchise must complete the company’s formal certification process before adopting the company’s proprietary Green Clean Certified system. The process includes proper training with the products, processes and equipment and educating all cleaning staff.
“We researched green cleaning and tested our system in several different franchise offices, cleaning hundreds of customer homes for seven months before launching our certification process. Our franchisees are fully behind our decision to provide a green cleaning service,” Purdy said. “We all agree that our Green Clean Certified system is better for us, our customers and the environment.”
Educating the Public through an Expert
Research conducted by Maid Brigade revealed that nearly 60 percent of more than 2000 survey respondents would use a green cleaning service, citing health and wellness as the primary reason. However, more than 70 percent of participants had the false perception that green cleaning is more expensive and less efficient than using traditional products. To help educate its consumers and the overall public about green cleaning, Maid Brigade has teamed up with nationally acclaimed author and Green Living expert, Annie B. Bond. Bond is considered an authoritative voice on the natural lifestyle and was recently been named one of the "Top 20 Environmental Leaders" by Body & Soul Magazine.
“Many consumers do not realize what to look for when selecting green products or services and are unaware of the potential toxins in their home,” Bond said. “Through my relationship with Maid Brigade, I hope to help more people understand the positive aspects of green cleaning.”
Bond will serve as Maid Brigade’s spokesperson throughout 2007, conducting interviews and making appearances on the company’s behalf. She is also serving as a resource to the company, providing counsel on consumer education materials and consulting with franchisees as they incorporate their Green Clean Certified system in all Maid Brigade offices.
About Maid Brigade
Headquartered in Atlanta, Maid Brigade is a global residential cleaning service with more than 400 franchised service areas operating in the United States, Canada and Ireland. Established in 1979, Maid Brigade remains at the forefront of the residential cleaning industry, commanding a healthy and growing market share every year since its inception. Customers depend on Maid Brigade to consistently exceed their expectations, providing a safe and thorough cleaning, along with superior, guaranteed service. For more information, visit www.maidbrigade.com or call 888-79-GREEN.
View Company Website: http://www.maidbrigade.com
Source : http://www.franchisewire.com
Pet Waste Cleanup Leader Pet Butler Acquires Shovel Jockey’s Scooping Business
July 25, 2007 - DALLAS – Pet Butler, the nation’s leading pet waste cleanup service, has acquired the pet waste operations of Shovel Jockey Inc, one of its remaining competitors in the Dallas-Fort Worth area, the two companies announced today.
The acquisition further increases the penetration of Pet Butler into its home market, where it now offers service to more than 95 percent of the metropolitan area. The acquisition, coupled with rapid growth in its franchise operations, has solidified Pet Butler’s standing as the largest pet waste cleanup service in the nation.
Shovel Jockey, which began in 2000 as a pet waste cleanup company, has since evolved into a company offering a broad range of services to homeowners’ associations, explained Kermit Monzingo, owner of Shovel Jockey. By selling the pet waste cleanup segment of the company to Pet Butler, “it allows us to focus more on what has become our core business,” Monzingo said.
The Shovel Jockey pet waste cleanup customers that Pet Butler now services are located throughout the Dallas-Fort Worth area.
Pet Butler, which proudly bills itself as “#1 in the ‘#2’ business,” charges a small per-visit fee for its technicians to collect dog and cat waste, carry it away, and dispose of it properly. Whether in yards or public spaces, accumulated domestic animal waste can ruin lawns and present a significant source of water pollution. Pet Butler currently has operations in 20 states, and recently announced that it has reached the 70th franchise milestone.
“We were comfortable selling our pet waste operations to Pet Butler, because we have a similar business philosophy,” Monzingo said. “Pet Butler is well respected and a good brand, which is proven by its impressive growth. I am confident that our customers will be in good hands.”
“The acquisition of the Shovel Jockey pet waste customers is part of our continuing effort to build the Pet Butler brand so that people think of us when they think of dog poop,” said Matt “Red” Boswell, the CEO (Chief Excrement Officer) of Pet Butler. “Both in North Texas and across the country, we want to be synonymous with clean yards and quality service.”
About Pet Butler
Pet Butler provides professional pet waste cleanup and removal services and supplies for individual yards, parks, and multi-family communities. The company’s mission is to make life more convenient, enjoyable, and safe for pet owners and to give them more quality time with their pets and families. Together with its nationwide network of franchise partners, the company has been cleaning up poop for close to 20 years. To learn more, visit the Pet Butler website at www.petbutler.com or call 1-800- PET-BUTLER (800-738-2885).
About Shovel Jockey
Shovel Jockey Inc provides common area maintenance services to communities throughout the DFW Metropolitan area. The company’s mission is to assist community associations by consolidating common area services under one service provider for a fixed price, making it easier for the community to accurately forecast expenses and services affecting their budget. To learn more, visit the Shovel Jockey website at www.shoveljockey.com or call 214- 224-0991.
View Company Website: http://www.petbutler.com
Source : http://www.franchisewire.com
New Additions to Centum Canada
July 26, 2007 - Vancouver, BC – Centum Financial Group Inc. is pleased to announce the addition of two new members to the CENTUM Canada team effective early July, 2007.
Bill Jamieson will be joining CENTUM Canada as Vice-President, Operations and David Massie, CFE, will be the new Director, Franchise Sales.
Jamieson joins us with over 23 years of senior level experience and most recently was the Vice President of Marketing and Corporate Social Responsibility at Citizens Bank of Canada. Jamieson has extensive strategic business development experience in a multitude of public and private industries.
His long list of esteemed positions include a key role as one of the two original founding senior executives of Future Shop which lead to a 15 year tenure as the company’s Senior Director and later Senior Vice President of Marketing.
With expertise in consumer and business to business sales, development and execution of strategic initiatives, and successful product launches Jamieson will be an integral part of the next phase for CENTUM.
CENTUM Canada is also pleased to introduce David Massie, CFE, as the new Director, Franchise Sales. Massie is proud to call himself a career professional in the franchise industry and has over 25 years of specific expertise in franchise development.
Massie has held impressive positions such as: Senior Vice President of Franchise Development for Island Ink – Jet Systems, MR. SUB’s Director of Franchise Development in Western Canada and Massie was the creator of the Sandwich Tree Restaurant franchise.
As well as having been a Canadian Franchise Association council member for the pacific region, Massie is also one of a handful of Canadians who holds the Certified Franchise Executive designation bestowed by the International Franchise Association.
We are confidant that with the contribution of expertise from both Bill and David, CENTUM will see significant growth and successes in the very near future. We welcome Bill and David to CENTUM Canada!
Centum Financial Group Inc. is a federally incorporated company that is part of a global network of franchise organizations that includes financial services, real estate, travel services and hotel accommodations. Launched in October 2002, the CENTUM network has rapidly grown to include over 175 member locations that employ over 1200 mortgage agents across Canada.
For more information, please contact:
Don Lawby, President
Centum Financial Group Inc.
#700 – 1199 West Pender
Vancouver, BC, V6E 2R1
Tel: 604.257.3940
Email: press@centum.ca
View Company Website: http://www.centum.ca
Source : http://www.franchisewire.com
Francorp Middle East To Sponsor U.S. Franchise Development Conference in Egypt
July 26, 2007 - Francorp Middle East, in conjunction with Francorp USA, will sponsor a U.S. Franchise Development Conference in Egypt this October.
The objective of this project is two-fold. First, it will support the expansion of the franchise industry in Africa and the Middle East. Second, it will introduce American franchisors and Master licensees to significant opportunities to expand their businesses in the booming African and Middle Eastern markets.
Franchising has developed quite extensively in Egypt over a short period of time. U.S. franchises are estimated to account for almost 35% (just under 140 million) of the total Franchise revenues in Egypt, making many local regional investors interested in American franchises.
For over 30 years, Americans interested in franchising have gone to Francorp, the world’s leading franchise development and consulting firm. Headquartered in Chicago, IL, Francorp has assisted more than 10,000 companies plan for expansion, and has developed more than 3,000 franchise programs worldwide.
Francorp expanded itself worldwide by placing offices in Central America, South America, Europe and Asia. Recently, Francorp established its services through Francorp Middle East, based in Dubai, to provide services to large, medium, and small businesses in the Middle East region.
Najeeb Al-Awadhi, Chief Executive Officer of Francorp Middle East believes “Franchising is one of the most effective options a company should consider for its potential to grow and expand their business quickly; especially in a market like the Middle East where the franchise industry is valued at over $14 billion and is growing at an annual rate of 27%.”
Francorp will be coordinating and facilitating U.S. franchise companies that are participating in the U.S. Franchise Development Conference. For those interested, call 1-800-FRANCHISE, visit www.francorp.com, or contact rseptoski@francorp.com.
View Company Website: http://www.francorp.com
Source : http://www.franchisewire.com
Maid Brigade's 17th Annual Convention Continues the March to Greatness
July 26, 2007 - Not only was Maid Brigade's 17th annual convention a rousing success, it was the largest in the history of the company. With 64 different franchises represented and 185 attendees, Maid Brigade went overboard to make sure the convention offered something for everyone.
“At last year's convention we announced that we had embarked upon a mission to move Maid Brigade from a good company to a great company. We are beginning the second year of what promises to be a multi-year march to greatness," explained Bart Puett, president of Maid Brigade, Inc. "Our goal and mission has not and will not change. We intend to be the highest quality maid service provider in the industry. We want Maid Brigade to be 'the standard for quality cleaning.'"
This year's convention, held in Long Beach, CA, was filled with announcements, workshops, presenters and unlimited opportunities for franchisees to network with other franchisees. Puett continued, "Networking is one of the most, if not the most, valuable aspects of the convention and this year was no exception as there were many new faces to meet. On the announcement side, our MaidSmart software has now been fully field-tested and is operational in numerous Maid Brigade sites with rapid deployment scheduled. We also completely redesigned our marketing materials and launched a new website.
"Perhaps the most significant accomplishment this past year has been our march towards becoming green. We have become an industry leader with our movement towards green and all the associated benefits including healthier surroundings for our customers and employees, the ability to create brand distinction, a more efficient - some people are reporting 5-10% faster - and better cleaning system and, most importantly, the positive overall environmental impact," Puett emphasized.
"Without the hard work of all our franchisees, we wouldn't be as successful as we are. We have much work ahead of us as we march forward, but rest assured we will get there. We are looking forward to another successful year and hope to see everyone next year in Puerto Rico," Puett concluded.
Providing professional home cleaning with a focus on “Customers For Life,” Maid Brigade is “The Franchise Choice of Smart Business People for Over 20 Years!” There are over 400 Maid Brigade housecleaning franchise locations currently servicing the needs of their busy clients. The demand for professional maid service is high, and there are territories available to qualified candidates that are interested in owning a Maid Brigade business.
For additional information, contact Maid Brigade, Inc. at (800) 722-6243 or visit them on the web at www.maidbrigade.com.
View Company Website: http://www.maidbrigade.com
Source : http://www.franchisewire.com
Romp n' Roll Children's Enrichment Center Attracts Attention of Franchising Mogul
July 26, 2007 - Richmond, VA – What began with one mother’s frustration of traveling to multiple destinations for her young children’s gymnastics, art and music activities has emerged as one of the hottest tickets in today’s fast-growing children’s services franchise segment. With slogans such as “Nurture the Genius. Unleash the Goofball,” Romp n’ Roll’s understanding and appreciation of the individuality of children is filling a niche and exploding in the marketplace as the only one-stop-shop children’s enrichment center with the widest variety of classes for young children.
“When classes and party spots started filling even before the doors of our first location opened, we realized we weren’t the only parents tired of driving from one end of town to the other to get our kids to their different activities,” said Babz Barnett, who along with her husband, Michael, founded Romp n’ Roll in 2004. “When our second location received the same outpouring, we had a feeling we were onto something huge. Turns out we were right.”
Romp n’ Roll, all about learning and fun, is different from any other children’s enrichment concept with its expansive class offerings that include creative gym classes, art sessions, music programs, birthday parties, camps and more, all in one location. Additional offerings include specialty classes such as Princess Class, Superheroes, Mommy and Me art classes, and Romp y Roll en Español. By staying in tune with what today’s parents need and what children want, Romp n’ Roll is quickly drawing the attention of both big-time franchise players and time-crunched parents who want only the best programs for their children.
Enter Gary Findley, the former Curves International president credited for growing the nation’s largest women’s-only fitness chain to 8,000 units when he left the company in 2006 to pursue new opportunities in franchising. Impressed with the success of the Barnetts’ first two locations in Virginia and the market demand for the concept, Romp n’ Roll was chosen as one of a select number of emerging franchise concepts to be represented by his Waco, Texas-based company, The Findley Group, which provides sales representation and consulting services to promising franchises like Romp n’ Roll for marketplace growth.
Within the first three months of offering franchises in January 2007, Romp n’ Roll signed agreements for seven new locations to open by the end of year, bringing the total number to nine locations (including the founders’ original two units) throughout Arizona, Colorado, North Carolina, Pennsylvania and Virginia.
“When we decide to take on a new concept, we consider a variety of factors, including marketplace demand as well as the passion and vision of the people behind it,” Gary Findley said. “Romp n’ Roll gives new meaning to meeting those criteria. Parents will go to the end of the earth for their kids, and they know they can get the best programs at Romp n’ Roll. That’s the formula for long-term success.”
While most traditional kids gyms and community programs are set-up vertically to solely focus on one type of activity for children up to age 12, Romp n’ Roll focuses on the specific age group of 3 months to five years with a horizontal approach.
“By focusing on that age group, we can offer more variety. Whether a child’s interest is gym, art, music, science, sports or developing secondary language skills, Romp n’ Roll has a program,” Michael Barnett said. “As families grow, our enrichment centers become a part of their life. Sometimes when older children in the family have moved on, we get the next child that’s born. Or they tell their sisters, or friends, or cousins to bring in their young children. The word of mouth has been incredible for business.”
Classes are offered in 6 and 12 week sessions and prices range in each market. Specialty courses, camp and party packages also range in price per market. All Romp n’ Roll locations are designed to give the feel of a whimsical experience for children with brightly colored walls, ramps, bridges, slides, and tunnels, as well as a trapeze, balance beam and monkey bars, fun inspired murals and foam flooring.
“This is a happy place and happy type of business to be in,” Babz Barnett said. “We always tell our employees and our owners that it’s not going to work every day, it’s going to play. You fill up with joy to see these kids just having the time of their lives. Once they get in, they don’t want to leave, and they can’t wait until their next class. It’s very motivating to know you are making such a positive difference in the lives of these children and their families.”
Romp n’ Roll offers an affordable franchise opportunity ideal for energetic parents and children enthusiasts, or others seeking to get into business for themselves in a fun, lively environment. The franchise fee is $39,500 and the investment range to open a Romp n’ Roll is between $180,000 and $280,000. Franchisees are supported via site-selection, equipment purchase, operations training, complete lesson plans for each class, build-out, marketing support and on-going consultation. Locations are typically 3,500 square feet locations and experience the highest volume when located in neighborhood strip centers.
About Romp n’ Roll
Romp n’ Roll, founded in 2004, began franchising in early 2007. Romp n’ Roll is an innovative children’s haven that allows for the strengthening of minds through the exercising of bodies and imaginations via gym, art, music and more. The company prides itself on “Nurturing the Genius” and “Unleashing the Goofball” in children up to 5-years-old with its innovative classes, programs, parties, camps and more in a safe, yet fun environment. For franchise information, visit www.rompnroll.com.
About The Findley Group
Founded in 2004, the Findley Group is a franchise consulting and development company led by the former president and franchise-builder of Curves International, Gary Findley. Under Findley’s direction as president, Curves International experienced growth in franchises from 50 locations in 1996 to more than 8,000 in 2006. Currently, the Findley Group is working with eight innovative and exciting companies who have unique offerings for today’s marketplace. The Findley Group specializes in bringing new business concepts to the market and developing them into complete franchise offerings. For more information, please visit www.FindleyGroup.com.
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View Company Website: http://www.rompnroll.com
Source : http://www.franchisewire.com
New Centum Office Opens in Stony Plain, AB
July 27, 2007 - Stony Plain, AB – CENTUM Canada is pleased to announce the opening of CENTUM Mortgageflex Ltd. in Stony Plain, Alberta.
The CENTUM brand was the clear choice for Hal Tagg when it came time to take the next step after having been with three mortgage brokerages since receiving his license in 2005. Tagg, now the broker and owner of CENTUM Mortgageflex Ltd., says, “CENTUM offers instant recognition in the marketplace. I searched out a few franchise companies but CENTUM was by far the most credible and professional.”
In addition to delivering timely, professional service to every client, CENTUM Mortgageflex Ltd. can also provide low rates which are accessible to the CENTUM network. “We recently had a client call us from Red Deer, AB. They were renewing their mortgage and although they had never missed a payment and had excellent credit, they were only offered the regular bank rate. Within about a half hour, we had arranged a mortgage for them at a rate 1.5% lower than what their bank was offering them. Were they ever surprised!”, says Tagg.
CENTUM Mortgageflex Ltd. will be serving the entire province of Alberta with a focus on the Greater Edmonton area from their Stony Plain office.
Centum Financial Group Inc. is a federally incorporated company that is part of a global network of franchise organizations that includes financial services, real estate, travel services and hotel accommodations. Launched in October 2002, the CENTUM network has rapidly grown to include over 175 member locations that employ over 1200 mortgage agents across Canada.
For more information, please contact:
Don Lawby, President
Centum Financial Group Inc.
#700 – 1199 West Pender
Vancouver, BC
V6E 2R1
Tel: 604.257.3940
Email: press@centum.ca
View Company Website: http://www.centum.ca
Source : http://www.franchisewire.com
ZeeProbe Launches, Aims to Service Business Intelligence Needs of Franchisors
July 27, 2007 - FRISCO, Texas - Spectrum Solutions Inc., a Dallas based market research company today announced the launch of ZeeProbe, a new company that will serve the franchise, food and retail establishments. With more than 50 programmers already on staff and growing, the firm has a proven infrastructure to support client needs.
“Since 1998, we have been serving organizations and market research companies around the globe by providing technology enabled, full service market research, online survey programming, data processing and web solutions,” said Sudheesh Thampi, President and CEO of ZeeProbe. “Forming ZeeProbe to specialize in the franchise and retail community focuses on much needed solutions with a dedicated team to a large population of franchisors, retailers and home-based businesses.”
ZeeProbe’s day-to-day business development, marketing, sales and operations will be led by Prit Sen, Vice President of Business Solutions. Sen has more than 12 years of experience in domestic and international franchising with industry leading franchisors in business and consumer market segments including Mail Boxes Etc.-The UPS Store and AlphaGraphics where he has held both field and corporate leadership positions.
“Launching ZeeProbe is the dynamic real-time answer to the information gap that exists between franchisors and their global franchise networks,” said Sen. “Collecting good and reliable market and customer data as well as performance and financial metrics from the field can be an uphill task in most cases as I have experienced. I am thrilled that ZeeProbe will bring the solutions to collecting, storing and analyzing the data in combination with providing resources for business quality standards assessments and field reviews. Our goal at ZeeProbe is to make all the data and information easily available real-time in simple web-based formats for the home office, field support staff and franchisees.”
ZeeProbe’s infrastructure, technology and support systems will be led by Ashwin Joshi, Chief Operating Officer. Joshi has over 17 years experience in technology and services including managing a customer support group for a large wireless infrastructure supplier.
Philip Campbell, financial advisor and Rusty Luhring, software architect will be instrumental in the development of the web-based tools called LuminateTM to collect financial data from various accounting systems and provide real-time comparisons, rankings, and benchmarks on all the key performance measures that drive profitability and cash flow.
Campbell is a CPA who has been involved in the acquisition or sale of 33 companies in his career. He has previously held positions as controller and chief financial officer in a number of growing companies with revenues from $5 million to $600 million. A veteran of the franchise industry, he was an owner and CFO of a multi-concept international franchise organization for 10 years.
“I am excited about our new opportunity with ZeeProbe because it will make it even easier to help business owners and franchisors of all sizes shine the light on profitability and cash flow,” said Campbell. “ZeeProbe will provide the software development and dashboard tools to make the entire process web-based and de-mystify the understanding of financial results for franchisors and franchisees. The tools will also make adherence to the new UFOC Item 19 rules regarding “financial performance representation” a breeze while also reducing the risk associated with the old approach to receiving fax or limited financial representations from franchisees.”
Luhring has 25 years experience in software development. He is the creator of the SurvivalWare, a line of PC-based software that revolutionized the approach to collecting financial data from multiple accounting systems and displaying the results in common numerical and visual formats to provide a company and its operators the key drivers of profitability, productivity and key benchmarks. It was utilized by a number of large companies including American Express, Ernst & Young, Marriott, Texaco, and the World Bank and now being implemented across various franchise systems.
“SurvivalWare has been a great first step for the franchise community as far as getting financial data into a common format and doing basic analysis. Our relationship with ZeeProbe allows us to get to the next level quickly with a web-based solution in LuminateTM,” said Luhring. “Our customers are thrilled at the prospect!”
About ZeeProbe
ZeeProbe, headquartered in Frisco, TX provides full service market research, business intelligence and web solutions to the franchise, retail and multi-unit community. Utilizing the latest technology enables ZeeProbe to bring fast, powerful and meaningful data real-time via sophisticated web programming tools to its clients combined with a 24/7 work process. For more information, visit www.zeeprobe.com or contact Prit Sen, Vice President of Business Solutions, at psen@zeeprobe.com or call 972-499-7720.
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View Company Website: http://www.zeeprobe.com
Source : http://www.franchisewire.com
PropertyGuys.com Graduates Twelve New Private Sale Professionals
July 27, 2007 - PropertyGuys.com, Canada’s leading private sale network, is pleased to announce the completion of its July training session at PGU. All twelve individuals that completed the four day curriculum at the company headquarters in Moncton have met the requirements set out under the Private Sale Professional (PSP) designation.
In Ontario the new Propertyguys.com locations are Hamilton/Wentworth, Brampton and Markham. From Alberta, the new PSP’s come from Fort McMurray and Edmonton, while in BC they came from both the Shuswap and Nanaimo regions.
“We’re very pleased to have attracted such high quality people to our network,” says Matt Eldridge, Director of Franchise Sales. “Their excitement and commitment goes strides towards helping us build a strong future for the private sale industry,” adds Eldridge.
PropertyGuys.com continues to grow at record pace by averaging one new location every eleven days. “The private sale industry is forever increasing in popularity among both buyers and sellers,” say Ken LeBlanc, company president. “As we continue to gain traction in the market, more people are recognizing how surprisingly simple selling privately.
About PropertyGuys.com
Canadian Franchise Magazine recognizes PropertyGuys.com as one of the Top 25 most successful Canadian franchise systems. In business since 1998, the company now has over 90 licensed franchise units across the country. For a pre-set fee starting as low as $649, homeowners access all the personal support and marketing material they need to sell their home privately and professionally - or they can do it themselves online for as little as $299. The company's industry-leading website, which receives over 50 million hits per month, gives every home seller registered on their system unlimited exposure to an international market.
View Company Website: http://www.PropertyGuys.com
Source : http://www.franchisewire.com
Card Connection Recruits New Franchisees
July 27, 2007 - Leading greeting card publisher and franchisor, Card Connection, has today announced the two latest recruits to its greeting card franchise operation as Kuljit Jandoo who is taking over the Dartford/Gravesend territory and Bal Pardesi who is buying the Maidstone/Chatham area. Kuljit and Bal join more than 100 Card Connection franchisees in the UK and Ireland.
“Established since 1992, Card Connection is a reputable company with a proven track record,” confirms Robina Every, sales and marketing director of Card Connection. “As new franchisees are buying an already existing business they make a profit from day one. As a result, Card Connection franchises always tend to attract a lot of interest.
“These days there is an extensive choice of franchises available on the market,” she continues. “However, those like Card Connection, with existing national customers, quality products and realistic, demonstrable income opportunities are the ones that get snapped up quickly.”
Card Connection’s network of more than 100 franchisees specialise in supplying greeting cards on a consignment basis to over 16,000 retail outlets countrywide.
Because the franchise networks in the UK and Ireland are complete, the available opportunities now consist of acquiring an already-established territory from an existing franchisee. These vary in price according to their level of development, but start at £20,000 (+ stock) with earnings potential in excess of £50,000 per annum.
“On the open market it would be difficult to purchase an ordinary business with such proven revenue potential for £20,000 (+ stock),” continues Every. “Our franchises have the added benefit of comprehensive training, support and back-up as well as the opportunity through Card Connection’s network of national accounts including, Londis, Budgens and Shell in addition to the chance to sell a product of un-paralleled quality. We believe this is why Card Connection’s franchises have remained in such popular demand over the years.”
View Company Website: http://www.card-connection.co.uk
Source : http://www.franchisewire.com
Commercial Office Cleaning Franchise Bonus Building Care Opens 23rd Branch in Columbus, OH
July 29, 2007 - Founding the Columbus branch are Kevin and Susie Fox who are also owners of Bonus Building Care in Cincinnati, which they opened in August of 2003. Combined, Kevin and Susie have well over a decade of experience in the commercial cleaning franchise industry. Kevin and Susie expect to feel at home in Columbus with both having roots throughout the region.
Prior to the opening of the Columbus branch, Kevin served as Senior Vice President for Bonus of America, Inc. having mentored several successful Bonus Masters on the opening of their Bonus branch(s). “Kevin and Susie Fox’s hard work, dedication and professionalism will be beneficial to the formation of Bonus Building Care in Columbus, Ohio. We look forward to the continued success of the Bonus Cincinnati branch and the forthcoming success of the Bonus Columbus branch.” Says Perry White, President of Bonus of America, Inc.
The Columbus branch is located at 1801 O’Brien Road, Columbus, Ohio 43228. For more information please call 614-527-4404.
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Bonus Building Care is a commercial office cleaning Franchise Company founded in 1996 by Arleen Cavanaugh. Bonus Building Care’s Corporate Office is located in Indianola, Oklahoma from which it supports twenty-five Bonus Building Care commercial office cleaning franchise branches in the U.S. operating from coast to coast. Bonus Building Care provides commercial office cleaning services to thousands of accounts nationwide through its network of over 1,800 commercial cleaning franchise owners. Learn more about Bonus Building Care on their website at http://www.bonusbuildingcare.com.
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Contact:
Renee Malcolm
918-823-4990
E-mail : rmalcolm@bonusbuildingcare.com
View Company Website: http://www.bonusbuildingcare.com
Source : http://www.franchisewire.com
Signs Now Development Indicates Increase Over 2006
July 31, 2007 - SARASOTA, Fla — Through the end of July, Signs Now, A Division of Allegra Network LLC, has signed ten new franchise agreements, nearly outpacing the new store growth for the whole of 2006. Moving into 2007, the sign and graphics franchise company set a goal to develop 18 to 20 new centers throughout the country—Signs Now is over half-way complete in their yearly projection. The company is paced to gain nearly 30 new owners, with center re-sales included.
As of July 31, new owners have signed on to open franchise locations in California, Louisiana, Virginia, Florida, Minnesota, Missouri and Arizona. Following a recent trend in Signs Now owner backgrounds, these new franchisees have varied business backgrounds that are beneficial in the development and management of a successful Signs Now franchise, including store management, engineering, sales and marketing and information technology.
Signs Now Director of Franchise Development, Phil LeBlanc, cites several reasons for the boost in new franchise agreements.
“Signs Now offers a highly-effective business-to-business marketing program that makes the opening of a new franchise very attractive to the entrepreneurs we are seeing come through our doors,” remarked LeBlanc. “We also have an acquisition program that provides current franchisees the opportunity to acquire profitable, independent sign businesses, allowing them to grow their business and client base more aggressively.”
For more information on becoming a Signs Now franchise owner, contact Phil LeBlanc, director of franchise development, at (800) 356-3373, or visit their web site at www.Signsnow.com.
About Signs Now, A Division of Allegra Network LLC
As a leader and top innovator in the sign and graphics industry, Signs Now truly stands out in a crowded world. Signs Now has over 200 franchise locations across the United States, Canada and the United Kingdom. The corporate offices and the Signs Now Training Academy, Sarasota Campus are headquartered in Sarasota, Fla.
The Signs Now service base includes multiple solutions and digital imaging for outdoor and indoor signage, exhibit and vehicle graphics, magnetic signs, banners, window graphics, ADA signage, dimensional letters, directional systems and other visual communications tools to businesses worldwide. Signs Now grossed nearly $95 million in sales in 2006.
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View Company Website: http://www.signsnow.com
Source : http://www.franchisewire.com
Fast Casual Greek Chain Heads to Tennessee
July 31, 2007 - Ontario— Mr. Greek, the Canadian born, Greek chain, signed a multi-unit franchising agreement this week bringing three restaurants to the Nashville area. The new franchisees, who are also owners of several gas stations in the Tennessee area, expect to open their first by early 2008.
“We are very excited to be growing Mr. Greek into new areas in the United States and look forward to sharing their delicious and healthy food with Tennessee residents,” says George Rios, Mr. Greek Inc President and CEO.
Voted “Best Greek Restaurant” by the Toronto Sun and “Best Greek Restaurant Chain” by Eye Weekly; Mr. Greek serves authentic Greek and Mediterranean cuisine in both casual dining and fast casual restaurants.
The full-service Mr. Greek Mediterranean Grill provides a full bar and offers seafood, pasta and grilled delicacies, saganaki, kalamari, as well as its signature souvlaki and gyros. The fast casual Mr. Greek takes "food on the go" to a new level, serving all meals on china for customers who dine-in. The restaurants seat 60 (Fast Casual) -180 (Grill) people and are 2,000 (Fast Casual) - 5,000 (Grill) square feet. Both Mr. Greek concepts offer call-ahead, pick-up, take-out and delivery.
Mr. Greek currently has over 20 locations in Southern Ontario. The first U.S. locations will be in Tacoma, Washington and Houston, Texas. Both are slated to open in the next six months.
For more information on Mr. Greek or if you are interested in franchising please visit www.mrgreek.com or contact Katie Magers at 214-520-7152, katiem@fransmart.com.
About Mr. Greek:
Mr. Greek opened its doors to the public in February of 1988. The Danforth location, in the heart of Greek Town in Toronto quickly became known as the busiest Greek restaurant in the city. In the first year of business, Mr. Greek's sales surpassed the expectations of everyone, and it soon became the number one force in Greek cuisine in Toronto. Business continued to boom and four years later, a need for a location was identified in the city's east end. From there, the word spread, Mr. Greek became popular with the entire community, and now, Mr. Greek has grown to 20+ locations in Southern Ontario.
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View Company Website: http://www.mrgreek.com
Source : http://www.franchisewire.com
Pizza Fusion Receives Green-e Certification for Environmental Leadership
July 31, 2007 - Fort Lauderdale, Fla – Pizza Fusion (www.pizzafusion.com), the leader in the organic restaurant sector and ‘green’ business practices, was recently recognized by the Center for Resource Solutions with their Green-e program for the purchase of certified renewable wind energy to offset 100% of their power consumption. Green-e is the nation’s leading independent renewable energy certification and verification program.
“We are excited to welcome Pizza Fusion into the family of organizations using the Green-e logo to promote their certified renewable energy purchases. Pizza Fusion is demonstrating environmental leadership and innovation while inspiring other companies to take action to reduce their environmental impact," said Dan Lieberman, Green-e program manager, Center for Resource Solutions.
The Green-e logo provides an easy way for consumers to quickly identify environmentally superior energy options and is used by businesses to communicate the purchase and/or generation of certified renewable energy. The Green-e Program works to expand the market for clean, renewable energy by advancing awareness of renewable energy options and protecting consumers.
“Communicating our loyal approach to sustainable business practices is very important to us,” Vaughan Lazar, co-founder of Pizza Fusion, explains. “Not only does it set an example for other businesses to follow, but it authenticates the validity of our eco-friendly operations to provide consumers with confidence when seeking out sustainable products or companies. Being ‘green’ is a great thing, but it broadens its impact when it’s communicated. Educating businesses and consumers alike creates a more environmentally sustainable economy.”
Pizza Fusion offsets 100% of their electricity consumption in their corporate office and stores with the purchase of renewable wind energy certificates from San Francisco-based 3 Phases Energy (www.3phases.com).
About The Center for Resource Solutions
The Center for Resource Solutions (CRS), a 501(c)3 nonprofit organization based in San Francisco, California, works to promote sustainable resource solutions and reduce greenhouse gas emissions by increasing the demand for and supply of renewable resources and promoting markets and policies that mitigate climate change. CRS designs and operates national and international programs that support the increased supply and use of renewable energy resources, greenhouse gas reductions, and energy efficiency measures. To learn more about CRS, visit: www.resource-solutions.org.
About Pizza Fusion
Founded in February of 2006, Pizza Fusion leads a new niche market by combining an eclectic organic menu with a detail-oriented environmental business approach in chic LEED certified fast casual environments. Pizza Fusion serves gourmet pizzas, focaccia sandwiches, salads, desserts, beers, wines and more in their purest form - untainted by artificial additives, such as sweeteners, pesticides, preservatives, antibiotics and hormones. Pizza Fusion took their green business concept national in February of this year with the launch of their franchise program. Today, with 50 franchises opening in six states, Pizza Fusion is setting new standards for the fast casual industry and sustainable business practices as a whole. For additional information, visit: www.pizzafusion.com.
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For editorial inquires, contact:
Eric Haley
Vice President of Communications
Pizza Fusion
6555 Powerline Rd., Suite 101
Fort Lauderdale, FL 33309
Office: (954) 449-7244
Fax: (954) 449-4957
View Company Website: http://www.pizzafusion.com
Source : http://www.franchisewire.com
Animals at Home UK Franchise
The concept of Animals at Home is based on the experience of pet owners, some of whom are occasionally away from home, and some who are regularly away or not able at times to look after their pets at the appropriate times.
While people may put their dog into kennels or cat into a cattery, its well accepted that both dogs and cats seem better in their own environments, with least disruption, furthermore what about the Rabbits, Birds, Mice and Hamsters etc, which many families have.
There is a real requirement for an Animal Ambulance/ Pet Taxi in many areas. This was launched to promote the main business and provide a service. The van is equipped to transport pets safely and many of the vets and kennels now recommend this service.
Training and Support
Our Franchise Support is second-to-none
We are fully committed to ensuring that Animals at Home continues to be the premier nationwide network of pet care professionals.
The package includes that listed below in addition there will be a full operations manual, which explains everything regarding the franchise.
- Animal Ambulance/Pet Taxi. *(Leased by Franchisee)
- Marketing collateral
- Business plan
- Business set-up
- Web site and e-mail
- Digital Camera and Software
- Animals Ambulance fully kitted out to start immediately
- Full instructions & contracts for your customers
- Bank loan facilities
- Quarterly meetings
- Marketing support
- Bookings advise
- Accountants that understand our business profile, your own Limited company: Animals at Home (Bristol) Ltd (Example)
- Clothing
- Stationery
- Accounting system
- Full training in your own area, & full training for 3 days at a vet hospital and consulting rooms to cover: animals handling, hygiene, and basic nursing knowledge.( to include hotel on the Isle of Wight.)
*(This will be a Renault van in Animals at Home Livery to build a constant brand)
All our franchisees are not only vet trained but continue with further Micro-Chip and now, New to AAH. a course on Animal Nutrition to allow the best possible advice to be given to our clients. We are always looking to improve the service that our franchisees offer through a continuous training program.
Financial Information
Financial investment required:
- Cost of franchise from £12,500 plus VAT.
- Finance available to 50% of the total from HSBC and National Westminster Bank, subject to status and approval.
- Franchisees should ensure they have funds available to allow living expenses for three months.
Source : http://www.whichfranchise.com
8/02/2007
Why Buy an IFA Franchise?
Since its inception in 1960, the International Franchise Association has represented and protected the interests of the franchise community as well as the American entrepreneurial spirit. By joining a franchise system, people enjoy the benefits of going into business for themselves without many of the risks of doing it by themselves. Membership in the IFA is for franchise professionals who are committed to excellence and who adhere to IFA’s Code of Ethics.
The Benefits of Choosing an IFA Member
Franchising is an excellent way to be in business for yourself, but not by yourself. IFA members are credible companies that have agreed to support the IFA code of ethics, which is designed to safeguard your investment.
IFA Mission:
Protect, Enhance, and Promote Franchising.
Franchising experts view IFA members as high quality companies in the franchising community.
To gain acceptance into IFA, members must commit to comply with all applicable Federal and State disclosure regulations.
All IFA members must pass an application process, which includes a review of their franchise offering materials, financial statements, litigation and bankruptcy history, and background information on principal officers of the company.
Code of Ethics
The International Franchise Association Code of Ethics is intended to establish a framework for the implementation of best practices in the franchise relationships of IFA members. The Code represents the ideals to which all IFA members agree to subscribe in their franchise relationships. The Code is one component of the IFA’s self-regulation program, which also includes the IFA Ombudsman and revisions to the IFA bylaws that will streamline the enforcement mechanism for the Code. The Code is not intended to anticipate the solution to every challenge that may arise in a franchise relationship, but rather to provide a set of core values that are the basis for the resolution of the challenges that may arise in franchise relationships. Also the Code is not intended to establish standards to be applied by third parties, such as the courts, but to create a framework under which IFA and its members will govern themselves. The IFA’s members believe that adherence to the values expressed in the IFA Code will result in healthy, productive and mutually beneficial franchise relationships. The Code, like franchising, is dynamic and may be revised to reflect the most current developments in structuring and maintaining franchise relationships.
Responsibility to Preserve the Promise of Franchising
IFA’s members enthusiastically support full compliance with, and vigorous enforcement of, all applicable federal and state franchise regulations. This commitment is fundamental to enhancing and safeguarding the business environment for franchising. IFA’s members believe that the information provided during the presale disclosure process is the cornerstone of a positive business climate for franchising, and is the basis for successful and mutually beneficial franchise relationships.
Conflict Resolution
IFA’s members are realistic about franchise relationships, and recognize that from time to time disputes will arise in those relationships. IFA’s members are committed to the amicable and prompt resolution of these disputes. IFA members believe that franchise systems should establish a method for internal dispute resolution and should publicize and encourage use of such dispute resolution mechanisms. For these reasons, the IFA has created the IFA Ombudsman program, an independent third-party who can assist franchisors and franchisees by facilitating dialogue to avoid disputes and to work together to resolve disputes. The IFA also strongly recommends the use of the National Franchise Mediation Program (NFMP) when a more structured mediation service is needed to help resolve differences.
Source http://www.whichfranchise.org
How to Conduct a Franchise Investigation
Finding the right franchise can be a daunting task, however, if you approach it systematically you should easily be able to arrive at a short list of suitable franchises opportunities. This is why you should conduct a franchise investigation.
A franchise investigation will help you to match the skills and type of experience required to run a franchise with what you like doing, and what you are good at. Usually what you're good at will tend to match your main interests.
Before deciding on the actual franchisors you will investigate consider the following:
- In many cases it's worth remembering that franchising can allow you to work in an industry where you've had no previous experience. However, before you look at any specific industry sector, you should consider the way you want to develop your business, for example do want to run a single unit franchise opportunity or do you want to develop an area or a region.
- You should then look at your previous achievements and experience, are you good at managing people? Good at selling or are you good at working with your hands creating or fixing things? This will determine the franchise type most suited to you. For instance will you be good at managing staff providing a service or a product or will you be better at working on your own providing a service or a product.
- Franchisors are very clear in what kind of partners they are looking for – you should also be clear in your mind what franchise opportunities match your needs and skills. It is only now that you can select a suitable industry as some franchisors would be looking for franchisees to carry out their specific tasks like driving or cleaning, whilst others will expect the franchisee to employ and manage the staff to carry out the daily tasks.
- The franchise investigation is a process to investigate individual franchise companies and determine if they match your needs and your plans - and also whether you match their needs.
1. Gather Information Collect information from each company you are interested in. They will also collect information from you to determine whether you meet their needs
2. Uniform Franchise Offering Circular (UFOC) This is the FTC mandated disclosure document that gives you information about the franchisor. Review this document carefully. Make notes of any questions that you may arise so you can bring them up when you meet face-to-face with the franchisor.
3. Meetings and Calls with Existing Franchisees This is a valuable source of information for you. Make sure you visit with a number of franchisees to get a rounded viewpoint.
4. Review the Manuals Read the systems, operations and marketing manuals of the franchisor. This will give you a good insight into the company and it’s business systems.
5. Meet with the Franchisor You need to get to know the people you will be working with. Meet with the key personnel from the franchisor. This may be a structured event or a more informal meeting. Make sure to ask all the questions you have come up with during your franchise investigation.
6. Make a Decision The final part of the investigation is making a decision. The step by step process of the franchise investigation should leave you informed so that you can make the right decision. This is the time to decide if you are right for the franchisor – and whether they are right for you. If you are not convinced then eliminate the franchisor and start the process again with other franchisors. If the company has everything that you are looking for and you are a good match for them then make the next move.
Choosing a franchisor is an exciting time in your life. Make use of every advantage available to you to make the correct choice. Conducting a franchise investigation will give you the information to make an informed decision and reduce the risk of choosing the wrong franchisor.
Source http://www.whichfranchise.org
How to Finance Buying a Franchise
You've selected the franchise for you, now all you need is the cash. Most franchisees however cannot afford to finance the entire cost of buying their business and getting it of the ground, and so have to seek financial help and assistance from elsewhere. So where do you look and what do you need to do?
Before You Get Started…
Before you do anything you need to determine how much finance is needed to open your franchise and also to keep it up and running until you can make a profit. This involves taking into consideration your family income and what you need to live on, because until your business is making a profit and you can take a salary from it, your franchise won't be bringing in any money. You need to therefore be accurate in your projections or your business could fail.
The UFOC fully outlines the costs and fees involved in buying and running the franchise, you therefore need to make sure that you have taken all initial and ongoing costs into consideration. As mentioned previously you need to remember to add additional funds to cover several months of working capital and monies that you estimate you will need during the first six months or so that your business is up and running to cover you and your families living expenses for that period.
Another imperative question you should ask yourself is “how accurate are the franchisor's estimates in the UFOC?” A good way of determining this is to speak to other franchisees to find out what their actual initial investment was. For a more accurate figure speak to those who have opened their business in the past couple of years and also those with a similar sized territory and location to what you are looking at.
Writing a Business Plan
Now that you have a clearer idea of how much money is needed to start your business, you are in a better position to prepare your business plan. A detailed business plan is essential when approaching anyone for money. Your business plan allows the lender to see what type of franchise you propose to buy, how you plan to run it and how you intend on paying them back.
Before you begin writing your business plan you should ask yourself:
• What service/product does your business provide and the need it fills?
• Who are your potential customers?
• Why would they purchase the service/product from you over your competitors? (i.e. what are your Unique Selling Points)
• How will you reach these customers? (i.e. how do you intent to promote it to them)
Where to get Funding for a Franchise
Commercial Bank Loans
Franchisees generally have an easier time securing loans than other independent business owners. Buying a franchise is considered a safer option as franchisees are buying into a tried and tested system, with the backing of an established trademark and experience of the marketplace through the franchisor. Banks also generally point to lower default rates on franchise loans.
“Prospecting New Banks” by Dennis L Monroe
Over the last several years, I have seen local and regional banks develop an interest in lending to franchisee businesses. These banks can be a viable and welcome alternative to the large national lenders and commercial finance companies. These banks can provide money for development, acquisitions, and reasonable growth. Many of these regional and local banks are in need of loans, and with some good planning and salesmanship, money should be available from these sources.
How does a franchisee approach these banks? Click here to look at the necessary steps.
The Small Business Administration (SBA)
The US Small Business Administration (SBA) remains one of the greatest sources of financing available to franchisees. This government programme offers competitive rates and generally longer terms for payback than other sources. Loans are typically made by a private bank or other lending institution, with a portion guaranteed by SBA. The SBA guarantees up to 90% of the value of the loan.
The SBA guaranteed loan program works as follows. You apply for a commercial loan. If the bank rejects your loan application on the basis of your financial profile, you then become eligible to apply for a SBA guaranteed loan. If the bank you originally filed your application with is a part of the SBA backed loan program, you will be able to reapply through this program with the bank. Otherwise, if your application was with a bank that is not in the SBA loan program, then you can contact the SBA and obtain from them a list of approved participating lenders.
Personal Savings
Many people use some of their own funds to help start up their franchise. You need to develop a net worth statement to determine what funds you have available – savings, stock and bonds, real estate and retirement funds.
“Retirement Funds: A New Path to the American Dream” by Len Fischer
The choices for financing new franchises are as varied as the franchises themselves. Today, franchisors, especially those selling specific types of businesses, may benefit most from a relatively unknown type of product that allows individuals to use retirement funds to purchase new franchises – without penalties, without taxes, and without interest. Click here to read more…
Family & Friends, and Private Investors
It is quite common to ask your family and friends for money to invest in your franchise. As they are the closest people to you they will be willing you to succeed. If like you, they see the potential in your opportunity and have the necessary funds, they will be eager to help and invest money in your business. You need to however be clear from the start if the money is in the form of a loan or equity. With equity they will not expect to receive money back until the business has been sold, but if it is a loan they have given you, they could be looking for their money back quicker than you may think.
An alternative route is to seek private investors. These investors will be looking for ownership interest, and therefore payback over a period of time due to the appreciation in value of their investment. They will expect their investment to grow as the business grows.
Franchisor
Many franchise companies either offer financial assistance themselves or help franchisees find a bank or other lender. Most franchise companies will work closely with banks and non-bank lenders – i.e. their “preferred lenders”.
Source http://www.whichfranchise.org
2nd Year of Being a "Goin Postal" Franchisee - na Franchisee - Winston-Salem
Me and my Business partner Donnie are beginning our 2nd year of operation and we still have the same excitement for the company as when we first started. During our first year each month was more profitable than the last. Our January sales doubled our November sales thanks to the boost we received during the Christmas rush.
When we first started I was fresh out of college and my partner was fresh out of the marines with no experience in running a business. With the help of the Goin' Postal staff we were up and running with our doors open in less than a month.
Our total start up cost was right at $27,000 a little higher than the mark; however, we took no shortcuts. We bought custom made counters instead of building our own. This was pretty expensive as well as some other high cost add ons. If I had to to it again I'm sure we could do it well below 25k. The franchise fee has gone up $5000 since we first started but with the shortcuts I know now I'm sure i could do it around 30k. The start up price of $30,000 is insane for a franchise of thiscaliber and I would highly recommend this company as a strong investment.
GPFC has provided lots of good ideas for marketing and promotions such as a new book of stamps for the old stamp prices. We lose a little money but make it up quickly with the amount of customers brought in. Goin Postal will aid in design of these coupons and people will drive from all over to save money on stamps. GPFC stongly recommended community involvement as a means of advertisement so we donated free boxes for Hurricane Katrina victims. This led to a banner and our name on the news.
Marcus has been really good about letting us sell pretty much anything in our store as long as the main focus is shipping. Shipping is by far our biggest profit center.
We are extremely happy with the new $200 flat fee. This saves us hundreds of dollars a month when compared to the 2% fee. We currently plan to have a second store toward the end of the year (depending on how good the banks are to us).
Source http://www.whichfranchise.org
Fast Casual Greek Chain Heads to Tennessee
July 31, 2007 - Ontario— Mr. Greek, the Canadian born, Greek chain, signed a multi-unit franchising agreement this week bringing three restaurants to the Nashville area. The new franchisees, who are also owners of several gas stations in the Tennessee area, expect to open their first by early 2008.
“We are very excited to be growing Mr. Greek into new areas in the United States and look forward to sharing their delicious and healthy food with Tennessee residents,” says George Rios, Mr. Greek Inc President and CEO.
Voted “Best Greek