9781932531398

Ultimate Book of Low-Cost Franchises 2005

by
  • ISBN13:

    9781932531398

  • ISBN10:

    1932531394

  • Edition: 1st
  • Format: Paperback
  • Copyright: 4/15/2005
  • Publisher: Entrepreneur Press

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Summary

Your One-Stop Guide to Buying a Low-Cost FranchiseUltimate Book of Low-Cost Franchisesis the first book of its kind to provide comprehensive franchise listing targeting popular businesses with a low entry cost. Explore all the essentials of low-0cost franchise ownership, from researching options and finding financing to marketing on a budget and operating on a shoestring. Packed with solid advice and timely information, this unique, all-in-one guide delivers valuable guidance customized for low-cost franchises. Time-critical information on up-and-coming franchises Top 10 lsit for low-cost franchises More than 300 low-cost franchise listings Details on contacts, costs, size, training, support and franchisee qualifications Expert and comprehensive overview of the franchise industry Lessons from Entrepreneur magazine's more than 25 years of research and reportingIf you're looking for a way to purchase your own business on a budget,Ultimate Book of Low-Cost Franchisescan quickly and cheaply get you up and running in the franchise game.

Author Biography

Rieva Lesonsky provides guidance, inspiration, and advice to millions of entrepreneurs each month as senior vice president/editorial director of Entrepreneur Media. She is the coauthor of Start Your Own Business.

Maria Anton-Conley, executive director of Entrepreneur magazine, oversees Entrepreneur's renowned anuual Franchise 500® listing and Entrepreneur's Franchise Zone (www.entrepreneur.com/franchise), the world's most comprehensive franchise website.

Table of Contents

Acknowledgments vii
Introduction ix
Section One How To Buy a Low-Cost Franchise
So You Want to Own a Business?
3(2)
Business Ownership
3(2)
Organizing for Business
5(6)
Advantages and Disadvantages of Different Business Organizations
5(3)
Concerns Underlying Business Organizations
8(3)
Buying a Low-Cost Franchise
11(4)
Ego Has No Place Here
12(1)
Low Cost, High Potential
12(3)
Exploring the Franchise Concept
15(6)
Independent Ownership
15(1)
The Business of Franchising
16(1)
The Franchisee View
16(2)
The All-American Hard Sell
18(3)
The Four ``Cs'' of Franchise Financing
21(2)
Buying Multiple Franchise Rights
23(4)
Types of Multi-Unit Franchise Programs
23(2)
Protecting Your Development Investment
25(2)
How the Government Protects You
27(4)
How the Law Defines a Franchise
28(1)
The Consequences of Being a Franchise
28(3)
Are You Suited to Be a Franchisee?
31(4)
Is a Franchise for Everyone?
31(1)
Questions to Consider
32(3)
Attending a Franchise Trade Show
35(6)
Prepare for the Show
35(1)
How to Develop an Effective Method of Attending
36(1)
The Right Questions
36(2)
Trade Show Red Flags
38(1)
The Follow-Up
38(3)
Research on the Internet
41(2)
What to Look For
41(1)
Handling the High Hype-to-Fact Ratio
42(1)
The Importance of Focus
42(1)
Organizing the Information You Gather
43(2)
Setting Up a Filing System
43(2)
Understanding the UFOC
45(6)
What is a UFOC?
45(1)
The Sections of the UFOC
46(5)
Five Great Questions Not Answered in the UFOC
51(4)
The UFOC Does Not Deliver Everything
51(4)
Key Sections of the Franchise Agreement
55(8)
Understanding the Basic Dynamic of the Franchise Agreement
55(1)
Key Provisions Considered
55(3)
Corporate Ownership
58(2)
Dispute Resolution Provisions
60(3)
Franchisor Financial Information in the UFOC (and How Do I Read This Gobbledegook?)
63(4)
Franchisor Financial Disclosures
63(1)
Audits According to GAAP
63(1)
Accountant's Analysis Tips
64(1)
Evaluating the Franchisor's Financial Standing
65(2)
Top 10 Warning Signs in Franchise Investments
67(4)
Don't Get Snagged
67(1)
Key Warning Signs
67(4)
Closing on Your Franchise Purchase
71(4)
A Checklist for Closing
71(4)
Resolving Legal Disputes
75(4)
Lines of Defense: Contract Terms and Protective Laws
76(1)
Dispute Resolution Toolbox
77(2)
Renewing Your Franchise Rights
79(4)
Contract Terms and Renewal Rights
79(1)
Renewal Conditions
80(3)
International Franchising
83(4)
The Globalization of Franchising
83(1)
Keys to Foreign-Based Franchises
84(3)
Negotiating Franchise Agreements
87(6)
Negotiating a Franchise Agreement
87(1)
Why Is the Franchise Agreement So One-Sided?
87(1)
Understanding the Seller's Position
88(1)
Take It or Leave It?
88(1)
Negotiating Rules
89(1)
Franchisors' Inflexible Positions
89(1)
Franchisors' Flexible Positions
90(3)
Working with Lawyers and Accountants
93(4)
Using Legal Services
93(1)
Do You Need a Specialist?
94(1)
Using Accounting Services
94(1)
What to Ask Your Legal and Accounting Advisors
95(2)
Questions for Franchisees
97(2)
The Key to Your Research
97(1)
Franchise Questions
98(1)
Skill Sets of the Successful Franchisee
99(6)
The Art of the Sale
99(1)
Counter Magic
100(1)
Your Profits Are in the Details
100(1)
Become a Bean Counter
100(1)
Be a Skilled Negotiator
101(1)
People Management
101(1)
Build an Organization
101(1)
Be an A+ Franchisee
101(1)
Collecting Money
101(4)
Make it Happen
105(4)
Section Two Ultimate Low-Cost Franchise Directory
Understanding the Directory
109(2)
Key to the Listings
109(2)
Automotive
111(8)
Appearance Services
111(2)
Rentals & Sales
113(2)
Repair Services
115(1)
Windshield Repair
116(2)
Other Automotive Franchises
118(1)
Business Services
119(18)
Advertising
119(6)
Consulting
125(3)
Shipping
128(2)
Staffing
130(2)
Training
132(1)
Miscellaneous
133(2)
Other Business-Service Franchises
135(2)
Children's Businesses
137(16)
Fitness
137(3)
ID Systems
140(2)
Learning
142(7)
Miscellaneous
149(2)
Other Children's Franchises
151(2)
Financial Services
153(8)
Tax Services
153(4)
Miscellaneous
157(2)
Other Financial-Service Franchises
159(2)
Food Businesses
161(6)
Other Food Franchises
165(2)
Home Improvement
167(14)
Building & Remodeling
167(5)
Decorating Services
172(1)
Surface Refinishing
173(4)
Windows & Carpets
177(1)
Miscellaneous
178(2)
Other Home-Improvement Franchises
180(1)
Maintenance
181(38)
Asphalt Maintenance
181(2)
Carpet Cleaning
183(2)
Commercial Cleaning
185(8)
Handyman Services/Home Repairs
193(5)
Lawn Care
198(1)
Pest Control
199(3)
Pet Waste Removal
202(1)
Plumbing
203(1)
Residential Cleaning
204(4)
Restoration
208(1)
Restroom Maintenance
209(2)
Vinyl Repair
211(2)
Window Cleaning
213(2)
Miscellaneous
215(2)
Other Maintenance Franchises
217(2)
Personal Care
219(8)
Cosmetics & Tanning
219(2)
Fitness Centers
221(5)
Hair Care
226(1)
Pets
227(4)
Recreation
231(8)
Sports Businesses
231(3)
Travel
234(5)
Retail
239(4)
Services
243(28)
Delivery
243(1)
Gifts
244(1)
Home Inspections
245(5)
Photography
250(2)
Real Estate
252(4)
Security
256(2)
Senior Care
258(4)
Miscellaneous
262(7)
Other Service Franchises
269(2)
Tech
271(6)
Internet
271(1)
Miscellaneous
272(5)
Top 10 Low-Cost Franchises for 2005 277(2)
Appendix A State Franchise Authorities 279(2)
Appendix B Other Information Sources 281(2)
Glossary 283(2)
Index 285(6)
Listings Index 291

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