Presented by:Marvin L. Storm

Types of Entrepreneurs

• Extreme Entrepreneurs• Innovator Entrepreneurs• Founder Entrepreneurs• FranPrenuer• Consultant• Retired: Willingly/Unwilling

History of Franchising

• History

• Licensing Concept vs. Buying

Entrepreneurial Personality

• Lone Wolf vs. Team Player

• Entrepreneur vs. Franchisee

Finding a Franchise

• The Walk Around Approach

• Internet Research:– www.franchising.com

– www.franchisesolutions.com

– www.franchiseopportunities.com

– www.redhotfranchises.com

– www.franchisedirect.com

– www.franchiseclique.com

– www.franchisegator.com

– www.franchise.org

– www.franchisehelp.com

– www.franchisesforsale.com

Finding a Franchise

• Websites to learn more about franchising – Franchise.org

• Franchise Salespersons & Consultant/Brokers – be aware of motivation

Finding a Franchise

Types of Franchise Structures:

Direct Franchising

Regional Developer

Master Franchising

Finding a Franchise

Types of Franchisees:

Unit Franchisee

Multi-Unit Franchisee

Area Developer Franchisee

Types of Franchises

Franchise Industries:

Art FranchisesAutomotive FranchiseChildren’s Franchises

Beauty Franchises

Business Services FranchisesCleaning and Maintenance FranchisesHealth Franchises

Computer and Internet Services Franchises

Construction Franchises

Educational FranchisesEntertainment Franchises

Financial Services Franchises

Fitness FranchisesFood Franchises

Franchise Consultants FranchisesTravel FranchisesHome Services Franchises

Medical FranchisesPet FranchisesRecreation FranchisesRetail Franchises

Senior Care FranchisesSmall Business FranchisesStaffing Franchises

Franchise Disclosure Document

• What is it?

• Why does it exist?

• How to read it?

Be Aware Of:

• Financial strength

• Experience level of management team

• Franchise consultants

• Litigation

• Mature vs. emerging franchisors

Acquiring an Existing Franchise Location

• Same process as buying a business

• Additional criteria: Approval of Franchisor

Benefit to Franchising • Brand

• Valuation at exit

• Learning curve reduced

• Technology

• Marketing

• Support

• Systems are a significant competitive advantage

Franchise Disc• No right or wrong answer

Right For You?• No right or wrong answer

Right For You?• No right or wrong answer

• But an answer that needs to be answered.

Right For You?• No right or wrong answer• But an answer that needs to be

answered.

• Never become a franchisee unless you are a team player

Right For You?• No right or wrong answer• But an answer that needs to be

answered.• Never become a franchisee unless you

are a team player

• Never rely on a franchisor for your success – it is only a tool enabling sucess

Questions?