How to Open a Franchise Store


If you are interested in opening a business, you may not want to start completely from scratch. By opening a franchise, you can access a company's name, goods, supplies, training materials and marketing help in exchange for a predetermined franchise. There are loads of different types of franchises, including restaurants, gyms, automotive services, child facilities, beauty and travel agencies.

  • Decide on the type of franchise industry that you want to open. You can get an idea by looking through directories of franchise opportunities. The website Entrepreneur has a detailed listing of franchises in numerous different areas of business.

  • Review a copy of the Uniform Franchise Offering Circular before deciding to open a particular franchise. This report provides statistics on the franchise's history, financial earnings, purchase requirements and other pertinent information. The franchise you are interested in will present you with a copy.

  • Consider your financing options. You will need to pay numerous costs in order to open a franchise, including a set fee to the franchise owner as well as traditional start-up costs, such as a building lease, supplies, staffing, advertising and training.

  • Apply for funding to open your franchise. Your financing for the franchise may end up coming from bank loans, SBA-sponsored loans or lease options.

  • Sign the franchise documents after reviewing the contract and the applicable fees that you will need to pay to the owner. Besides the set fee, you may have to give the company a portion of your monthly sales. After the contract has been finalized, the franchise owner will send you all of the materials and supplies needed to open the franchise. After construction is complete and you are nearly ready to open, the franchise owner should be available for support and assistance with staff training.

Related Searches

Promoted By Zergnet



You May Also Like

  • What Is a Franchise Store?

    Franchising is a contractual arrangement in which a parent company, the franchiser, allows an individual or firm, the franchisee, to operate a...

  • Can I Buy a LEGO Store Franchise?

    Since their introduction in 1932, LEGO products have become some of the most recognizable and popular toys around the world. Naturally, some...

  • How to Open a UPS Store Franchise

    UPS was founded in 1980 and the first franchise opened the same year. UPS/Mail Boxes Etc. can be found not only in...

  • How to Start a Franchise

    Take an existing business concept and turn it into a franchise. Evaluate feasibility, financial readiness and prepare legal documents.

  • How to Buy a Dollar Store Franchise

    The dollar store industry is the fastest growing retail sector in America. Sales of multiple $1 items total more than $16 billion...

  • How to Start a Starbucks Franchise

    Starbucks does not sell independent Starbucks franchises. It does license qualified businesses to open a Starbucks licensed store within another business. These...

  • How to Open a Retail Store

    Many people harbor dreams of starting and running a successful business. If you have a knack for knowing what's hot and what's...

  • How to Open a Shoe Franchise

    A franchise is a business started by someone using a previously established company's identity. For example, McDonald's is a well-known franchise, and...

  • How to Buy a Verizon Franchise Store

    Verizon Wireless is a leader in the international cellular phone market, and joining this brand as an independent franchise owner can be...

  • How to Open a LEGO Store

    There are two ways to sell LEGO brand products. The first is to sell the building-block toys through a third-party store. This...

  • How to Open a Sprint Store

    If you're interested in opening a Sprint store, several options are available to you depending on the current market. You can become...

  • How to Start a Fedex Store

    FedEx is a mail courier with many affiliate locations that serve the U.S. and international cities around the world. FedEx offers a...

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!