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A lot of up-and-coming entrepreneurs believe that buying a franchise is an assurance for success. They feel that the franchise fee that is paid up-front ensures them a proven business system. This couldn’t be farther from the truth!
It is not easy to enumerate franchise failures because in many instances to avoid having a franchise file [...]
The recession has hit franchise owners particularly hard, with the Small Business Administration (SBA) reporting record loan default rates for 2008-2009. According to the SBA, individuals who took on SBA loans to finance a franchise had a 43% higher failure rate than in 2007. In total, those franchise losses cost the SBA $93.3 million last [...]
The Figaro Coffee Company was established in 1993 by a group of seven friends, whose zeal for coffee was acquired from their travels all over the world.
This passion began as a hobby of brewing, tasting and experimenting with many varieties of coffee from around the globe. It soon grew into a business, with the purpose [...]
MINISTOP at a glance
Since it opened its doors to the Philippines in December 2000, MINISTOP has always envisioned becoming the leader in the convenience store industry. MINISTOP has made its presence felt by being the community’s warmest and friendliest modern combo store. It takes pride in its wide range of quality products, at affordable prices [...]
Welcome to 7-Eleven.
Our doors are always open and our friendly store teams are ready to serve you. Come in to any 7-Eleven store and you’ll find a great selection of fresh, high-quality products at an everyday fair price, along with speedy transactions in a clean, safe, friendly shopping environment.
What started out as an ice [...]
Before you find the best franchise start up for yourself, you need to first understand the industry.
Franchises are of three kinds consisting of services, products and wholesale distribution. There are certain factors which you will have to take into account before deciding on the type of best franchise start up you should open. These factors [...]
Let us first understand what is meant by ‘franchise investigation’. These are the areas of information you need to discover before investing your hard earned money on a new franchise opportunity. This is sometimes called ‘due diligence’.
When doing a franchise investigation, a prospective buyer of a franchise gathers detailed information about the business potential and [...]
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