In case you are reading this, then you are likely engaged in the first step of finding some franchises for deal. Franchise information is abundant online, with sites like “Entrepreneur” publishing articles about franchising and sites like “Franchise Gator” listing all franchises available. When starting a new franchise, you will need to research things like brand name, location, competition, supporting services and franchise fees. Finding the right opportunity may be tedious but it will save you from wasting unprecedented sums of money and experiencing the heartache of failure.
A single way to find a Florida franchise for sale is to check out an exposition. For international franchises, you will want to head to Washington POWER (March 20-22) for the 2009 International Expo of franchising. The same group also holds similar events for national franchising opportunities with the West Coast Expo (October 2-4, 2009) in La, the Expo South (January 9-11, 2009) in Miami and Franchise & Financing Expos in Atl, Boston, Atlanta and North Texas. Before you attend one of these expositions, decide how much you have to invest, which type of business is right for you and consider carefully your own personal background or skills.
When you get to the event, you can use study a number of different franchises for sale all in one place. Be sure to ask the franchisor questions like: “How long have you been in business? How many franchised stores exist and where are they located? What is the initial franchise fee, start-up costs, continued royalty payments and franchise tax? What support does the franchisor offer and exactly what are the franchisor mandates? “
Be aware that exhibitors will try to entice you to attend promotional meetings, en-cas and may provide you special deals. Remember, these people are highly trained in sales and are hoping you’ll choose them. Don’t give in only for a free meal or prize. Legitimate franchises will never lay high-pressured pitches on you, but rather will assume you can make some comparisons before coming back.
Once you narrow down the Franchises in Miami for deal that you are thinking about, you’ll need to meet with franchisors and find out how the franchise business is run. You’ll also need to get a copy of the Uniform Franchise Offering Circular (UFOC), which is an invaluable free source that by law must be provided by the franchisor at least 12 business days before a franchise agreement is signed. In this docket, likely to receive company information, cost summaries, required purchases, brand rights, earnings claims and statistics. You’ll have get to a franchise directory site of past and present owners too. With this information, you will have the tools you need to make an informed decision.