Lee Sapata had a successful career in corporate America, but it had him relocating often. After the twelfth move, he was ready to make a change and seek out other opportunities. He met with FranNet...
Bob Heckler had a long, successful career in corporate America. After being downsized from his last position, he found FranNet consultant Blair Nicol who introduced him to franchise opportunities...
It’s not uncommon for large investment firms to buy franchisors. These firms may own upwards of 20+ franchise companies. Jania Bailey, FranNet CEO, explains that even though a brand by itself might...
A franchise system that is royalty self-sufficient is essentially generating enough income from franchisee royalties to cover their overhead. Royalty self-sufficiency happens at different times with...
FranNet CEO, Jania Bailey, examines what it means when you see “sold but not open” in a franchisor’s Item 20. Some franchisors sell multi-unit packs and they should have a development plan in place....
FranNet CEO, Jania Bailey explains that it is a requirement to have three years of audited financial statements in the FDD. The exception to that rule might occur when you are dealing with a new...
About 80% of franchisors now will have an Item 19 in their FDD, but it’s not required. It’s important to understand that a franchisor legally cannot tell you, “Here’s how much money you’ll make in...
FranNet Consultant and Kentucky Market President, Amanda Berry discusses the importance of the optional Item 19 in an FDD. For some businesses, it doesn’t make sense to include it. For others, it’s...
FranNet CEO, Jania Bailey, reviews the things you need to be aware of while looking at Item 7 in an FDD. At FranNet, we advise our clients to compare that initial investment estimate with existing...
A lot of people get excited about a franchise brand, but fail to examine the financial health of that company. Jania Bailey, CEO of FranNet, warns against signing a 10-year contract with a brand...