Start a hospitality franchise today. Choice Hotels is one of the largest global lodging companies. They provide their franchisees with high-quality, high-value investment options globally while delivering reservations. Apply Today.
Request a free 90-minute seminar on "How to Franchise Your Business" from the world's leading authority on franchising. Topics include franchisability, process, legal requirements, and costs.
Directory of small business franchises and franchise opportunities for small business. Review listings to find small business franchises for sale and franchise companies. Find an established business opportunity that fits your strengths and interests.www.business.com/startup/small-business-franchises/
Browse an online directory of franchise opportunities, advice, and guidance. Review listings to find links to a wide variety of small business franchise opportunities and existing franchises for sale. Fine the right franchise to fit your personal strengthwww.business.com/startup/franchise-opportunities/
Franchise opportunities for the retail industry.www.business.com/startup/retail-franchise-opportunities/
Franchise opportunities relating to home services.www.business.com/startup/home-service-franchise-opportunities/
Business directory of hotel franchise opportunities. Review listings for links to hospitality and lodging industry franchises, as well as hotels for sale and motels for sale. Find the hospitality small business that is right for you.www.business.com/startup/hotel-franchise-opportunities/
Find owners and brokers who are interested in buying or selling a restaurant business.www.business.com/startup/restaurant-business-for-sale/
Find owners and brokers who are interested in buying or selling a hotel business.www.business.com/startup/hotel-business-for-sale/
Find owners and brokers who are interested in buying or selling a retail business.www.business.com/startup/retail-business-for-sale/
Find owners and brokers who are interested in buying or selling a financial planner business.www.business.com/startup/financial-planner-business-for-sale/
Find owners and brokers who are interested in buying or selling a medical business.www.business.com/startup/medical-business-for-sale/
Many of the terms surrounding the purchase of a hotel business can sound familiar--"franchise," "turn key operation" and "operating results" are all terms that are used in business fields outside of the hospitality industry, so you're likely to have encountered them if you're a business owner. Happily, in the hospitality industry, they generally retain the basic meaning that you're familiar with. Read More »
Business professionals who are interested in the hotel industry and intend to buy hotel business locations will have many choices to make. You will need to pick the right location for your establishment, decide whether you want an independent hotel or a franchise opportunity and come up with a realistic budget for your purchase. Read More »
Investing in a franchise can be a lucrative business decision, one that has the potential to alter your life and your finances profoundly. With the myriad of opportunities available, though, it can be difficult to know where to start. Let’s investigate what kinds of franchises you should consider, and why it would be in your best interest to start this kind of business.
Franchises afford you the support of a large network of demonstrably competent professionals, who have succeeded in providing a product people want. It provides a great deal of stability and assurance to know that you’re putting your money into something that has showed results in the past and can be expected to do so again.
As an investor – of your time and money – it’s also nice to know that you can plan according to a business model that is a known quantity. Franchises can break down exactly how much you’ll be spending and how much you can expect to get back over how much time. That’s the kind of definitiveness you simply can’t get from starting a business without a recognizable brand.
Going in, you can have a good idea of what your customer base will be like, and you can expect a volume based on the popularity of the organization at large – not necessarily your own location. You’ll be tapping into their vast advertising network and the correlated brand recognition that only a large franchise can achieve.
It can be tempting to believe that, given the resources at your disposal, you’re somehow bulletproof when it comes to running a successful business. That’s the kind of thinking you’ll want to avoid. Running a franchise is still running a business, and your success will depend in large measure on your wherewithal and hard work. All the advice and support in the world won’t help you if you don’t dedicate yourself to achieving on your own merits.
Depending on your character and goals, you may find the franchise environment stifling to your independence or creativity. Most franchises have very specific guidelines for the operation of your business, down to minute details. If you’re not comfortable with the idea of executing a vision that’s not of your own making, you’re likely to find the experience very frustrating.
It’s a good idea to make sure the franchise you select is in tune with your own vision of a successful business. Remember, you’ll be in this a long time, and you have to be happy with the product you’re delivering and the service you’re performing for the community.
The most important decision you’ll make is the first one: which franchise to select? As just mentioned, you’ll want to keep in mind your own desires and preferences, but it’s also crucial to do careful research on which brands are most likely to deliver on your investment. And it’s not just a matter of national averages or overall product appeal: you have to make sure that your franchise will be in sync with your community, and that the demand is high enough for that kind of business. Different customer bases prefer different foods, services, and delivery methods, so make sure you do the proper research on your area’s disposable income level, market niches, and other important factors.
Your franchise will change your life in a dramatic way. It’ll absorb your time, your hard work, and your dreams of financial security and mobility. So be certain that you know what you’re doing before you begin, so that all that change will be for the better.