evaluating a good franchise opportunity

From: Lance
Date: 18 Aug 2001
Time: 16:55:16
Remote Name: 12.68.64.110

Comments

We have been evaluating our franhcise systems at WashGuy.com, http://www.washguy.com and we believe before anyone invests in a franhcise there are things you should know. Questions you should ask and ways to evaluate the answers. Try this form. Give each point a one to ten rating and then compare those results against other franchise systems you are looking into. This will help you decide which one is best suited as a viable option for you. Evaluation of a Franchisor. _____ Excellent product, service, or business-format idea. ______ Product is a trend and not a fad ______ Product has broad geographical appeal ______ Market for the product is growing and is not saturated or diminishing ______ Market is a trend and not a fad ______ Market support is directed toward promoting the brand regionally and nationally ______ Brand is properly promoted to current and future customers to drive the market to the franchisees ______ Strong market support is available to assist franchisees to penetrate, build, and dominate their local markets ______ Franchisor’s territorial restrictions are supportive of the need to be competitive ______ Franchisor has an aggressive strategy for establishing a competitive edge and increasing market share in every market ______ Franchisor has a marketing and advertising program that will generate new customers for the franchisee ______ Franchisor has on-going R&D programs to develop new products, services, and ideas that enhance the opportunity to retain and build customer loyalty and repeat business ______ Franchisor teaches franchisees to understand what franchising is and how it works as a business and marketing system ______ Franchisor is concerned with the franchisee making a profit and being successful in other ways and not just concerned with making money ______ Franchisor has a business plan describing the five-year growth of the system ______ Franchisor provides excellent start-up, pre-opening, and ongoing assistance ______ Franchisor offers excellent operational support to the franchisees ______ Franchisor provides excellent training package, including comprehensive operations manuals and other training materials and support. _____ Franchisor has a Franchise Advisory Council that actively seeks the input of franchisees on the decisions that affect the future of the system. In the new Best Seller, LOOP-HOLES OF THE RICH-How to Legally Make More Money & Pay Less Tax, part of the Rich Dad Poor Dad series, By Diane Kennedy, CPA and acclaimed author and tax strategist, advises to buy a franchise. She suggests owning your own business to take advantage of the special deductions available for business owners. Consider what skills you have or purchase a franchise where the systems are already in place. And where better to find a good franchise than right here on this web site.

Site hosted by CCG

Site design by CCG Studio

DISCLAIMER:
Although we exert control over all articles written by our staff and consultants, we are in no way able to assure the accuracy of any content generated by our readers. Any information or advice provided by our readers should be used cautiously, and should be considered as an opinion of such, and not the views, ideas, opinions, or advice of Washguy.com. Washguy.com., its staff, and consultants shall in no way be held liable or responsible for any false or misleading information or injurious advice obtained from our readers, including any information posted to this Bulletin Board forum. Any information or advice obtained from other readers through Bulletin Board postings shall be used at the reader's own risk. The Bulletin Board forum functions as a discussion group for the exchange of views, information and opinions on issues related to the Car Wash Guys, Franchising and their associated topics. Washguy.com, its staff, and consultants will not be held liable for any incidental or consequential loss or damage sustained as a result of this information or advice. No user shall be entitled to claim detrimental reliance on any views received from the staff, consultants or other readers. By using this Bulletin Board and it's related forums, you agree to indemnify and hold Washguy.com, its staff and consultants harmless from any claims arising as a result of your use of the information or materials you download from or upload to the Bulletin Board.