Buddy's Franchising’s Post

Buying a franchise seems straightforward, but there are a lot of steps that you must complete. This guide helps break down all you need to know about purchasing your first franchise.

Investing in SONIC Drive-In gives franchisees the kind of advantages hard to find anywhere else, including: - Access to an established customer base: SONIC is a beloved brand across the nation, meaning you’ll get access to our existing customer base when you open a SONIC in your community. - Built-in brand recognition: There are few people who haven’t yet heard of SONIC, so your investment comes with existing brand awareness. - An established business model: Our business model has been tried and tested over many years, which means there is little room for error when you start your business with SONIC. - Unparalleled franchise training and support: SONIC’s premium franchise training and support programs are designed to set up our franchisees for a prosperous business journey with us. Interested in learning more about franchising with us? Read the link below for more information: https://lnkd.in/eWvbJ-wN #Sonic #SonicDriveIn #FranchisingOpportunities #QSRFranchise

You've been thinking about a franchise, you've been exploring it, you're super excited about the brand, but fear is just creeping in. I want to challenge you to run toward the fear and really debunk what the fears are making you second guess moving forward with a franchise opportunity. One common fear has you asking, “When will I break even? What is that month's payback period where I'm cash flow positive?” You can ask me, but you know I won’t be able to tell you, because the Federal Trade Commission doesn’t allow us as Franchisors to make representations and warranties about the franchise performance outside of what is included in Item 19 of the Franchise Disclosure Document (FDD). But even if I could legally share that information with you, YOU need to be doing your own due diligence. This looks like making sure you're filling out a financial pro forma with your own financial projections, so that you can really own the process and remove the fear. This is going to be your franchise business at the end of the day, so you need to get comfortable with the numbers. Another great way to get this information is participating in franchisee validation, asking franchisees about their business, their profit and loss statement, and what they experienced when they open up their location. How long did it take for their business to ramp up? What were some of the challenges or roadblocks they ran into? If you are interested in franchising, but fear is holding you back, let's tackle those fears together. I'd love to hear what's been on your mind as you think about diving into franchising. Drop your comments below, and let's chat about it! #franchising #overcomingfears #businessopportunity

Curious about franchising and want to get the scoop on what the buying process is really like? In our latest feature, FBA Broker, William Huffhine, shares a story about client Jeff, who was searching for the right business opportunity to match his financial and lifestyle goals. SPOILER: this story has a GOOD ending. 💫 From initial excitement to facing unexpected detours, William and Jeff's journey underscores the essence of what it means to navigate the franchise world with integrity and purpose. Click the link to uncover: - The importance of a trusted Broker in the franchise acquisition process - How patience and perseverance pave the way to true success - The unforgettable impact of making ethical, passion-driven decisions This is the FBA difference. Read the GOOD News: https://lnkd.in/eqmUzEwM #FranchiseSuccess #EntrepreneurJourney #BusinessPartnership #FranchiseOwnership #SuccessStories #FranchiseBroker #FBA #FranchiseBrokersAssociation Quantum Franchise Group

Thinking about joining the ranks of new franchise owners this year? To help position your franchise for success, our team has compiled a list of 4 actionable tips that new franchise owners should keep in mind as they approach new business opportunities. Read them here:

A very common misconception of franchise ownership is: "I will just buy a franchise and work for myself" and then expect everything to be "perfect". If you do not know what the typical owner's lifestyle is like, what the vision of the franchise is or if you align with their values, you will probably not be very satisfied with the results. That, and more solid advice here: https://lnkd.in/eyvZgnWu

8 Benefits to Buying an Existing Franchise When you purchase an existing franchise, the sales price often includes inventory and equipment. This saves you significant time, thought, and energy. While you may need to replace some outdated items, having the necessary inventory and equipment on hand provides a head start, potentially saving you both time and money. Depending on the franchise type, this benefit can be a game-changer. Imagine walking into a fully equipped business, ready to operate from day one. Buying a franchise resale might not be for everyone, but it’s an option every potential franchise owner should consider. Here are the top 8 benefits of buying an existing franchise: 1. Location and Business Setup are Complete 2. Established Customer Base and Brand Recognition 3. Trained Employees in Place 4. Existing Cash Flow 5. Easier Financing 6. Training from the Seller and Staff 7. Verifiable Data and Proven Performance 8. Inventory and Equipment in Place Achieve your American Dream by considering a franchise resale. Have you thought about the advantages of buying an existing franchise? Whether you're looking to buy a resale franchise or a new one, we’re here to help you every step of the way. https://lnkd.in/gZwNJ7As

Are you considering franchise business ownership because you want to own something BIG? If so, one of the ways to potentially get BIG is with multi-unit franchise ownership. With that in mind, here's what you need to know about it: https://lnkd.in/eVnwQzds #thefranchiseking

Your franchise's location plays a large part in its success. Here are a few pointers on what to look for when selecting where to build your franchise. https://lnkd.in/gqT6vzMA

Thinking of buying a franchise but not sure where to start? Our blog post breaks down the 5 essential elements you need to evaluate before making your move. Get informed and make a confident decision with Franchise Sidekick! #FranchiseBuyingGuide #FranchiseSidekickTips