If you have ever dreamed of owning your own business but don’t know how to get started or are wary about the risk involved, a franchise may be the solution to your problem. Buying a franchise offers many benefits such as support during the start-up phase of the business, and sometimes long after, and immediate name recognition. However, it’s not as simple as picking a brand and opening up shop.
The business brokers at Crowne Atlantic Properties have years of experience identifying franchise opportunities, evaluating their merits, and matching buyers with appropriate franchise opportunities.
Types Of Franchise Opportunities
The first thing to know about franchises is that there are two different types of business models: Product or Trade Name Franchising and Business Format Franchising. It’s important to know ahead of time which type you are buying so you know what kind of resources and support will be available to you and what you’ll need to handle on your own.
- Product Franchising means you buy rights to the product/name of the franchise and you are left to your own devices to run the business.
- Business Format Franchising provides you (the buyer/franchisee) with all the service, support, products, and training you need to get the franchise up and running. The relationship is ongoing and can include help with site selection, marketing, and even financing.
Getting Help With Your Franchise Business Search
Finding a suitable franchise is tough to do on your own. At Crowne Atlantic, we help would-be franchisees identify suitable opportunities, research the franchise, and make sure they are provided with all of the information they need to make a decision. We can provide insider insights into the local market and whether or not it can support your chosen franchise. We can even help negotiate pricing and terms and make sure you understand the contract details before you sign on the dotted line. If you need help obtaining financing or legal or accounting advice, we can help you obtain those resources as well.
To learn more about franchising, for help conducting a franchise business search in Florida or finding a business broker franchise for sale contact Crowne Atlantic Properties at 407-478-4101.
