The Franchise Frankness Podcast: Recent Episodes
Franchise Frankness
Franchise Frankness is a resource for individuals interested in all things Franchising. With decades of collective real world experience, Tiffany Toliver, Steve Slowey, and Paul Giggi speak frankly about all aspects of the Franchise Process. This podcast contains information on how to Find, Buy, Build and Operate a Successful Franchise. Tiffany, Paul, and Steve also chat about what mistakes to avoid, what questions to ask the Franchisor, and how to speed through the process. To visit the blog and for free resources, please visit franchisefrankness.com
Have you ever driven by a Burger King that has a McDonald's next door and wondered "Who Copied Who" or 'Who Came First?" In this video we explore several brands with a similar product or service and discuss 'Who Came First'.
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Brittle Rille Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/b...
Your lease is a contractual document that will be with you throughout your journey as a franchisee. In fact, many leases are written to mirror the franchise agreement in initial term and option duration. In today's post, I've put together 5 important clauses that you'll find in your lease. Make sure you familiarize yourself with these clauses before you execute your lease agreement.
Visit our blog at www.franchisefrankness.com for more information about all aspects of franchising.
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Email us at tmastro@franchisefrankness.com
We are not attorneys and do not give law advice. You should seek the counsel of a real estate attorney before signing any contracts including your lease agreement. This article is not legal advice.
"Nonstop" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Paul Giggi, a multi-unit franchisee, answers your questions about franchising. Here are the questions we answer in this video:
1) Should I start my own business or use my money to invest in a franchise (answer at 0:45)
2) I want to open a restaurant franchise but I've never worked in a restaurant. Do I need to have restaurant experience to apply for a franchise? (answer at 2:40)
3)How much money should I save up to invest in a franchise? How much will it cost? Can I apply for financing for a franchise? (answer at 4:09)
4) How much money can I make with a franchise? (answer at 6:26)
5) What kind of personal information do I have to give to the franchisor? (answer at 9:00)
Big thanks to those that submitted questions!
Visit our blog for more information and free resources: www.franchisefrankness.com
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Email us at tmastro@franchisefrankness.com
If you found value in this video, please share it with someone you know. Your feedback, a comment down, below or a thumbs up, is the best way to support our mission here. Thanks!
"Too Cool" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/b...
Most franchisees and/or small business owners lease space for their business. In this video we go over 5 basic clauses to make sure are in your Letter of Intent. These clauses are important to negotiate up front in your Letter of Intent so that you don't waste your time, resources, and give up your leverage negotiating them when you get to the Lease. Visit our blog for more information!
Should you use a Real Estate Broker to help you find a site for your franchise? In this video Steve goes over the role of a Commercial Real Estate Broker, how they get paid, and provides some tips to keep your site search moving in the right direction.
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"Ave Marimba" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/b...
Every franchised concept has some sort of Royalty. But what exactly are you paying for? In this video Paul shares a high level overview answering the question: What is a Franchise Royalty?
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Funin and Sunin Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Why is it that some of the most popular stores and restaurants aren't franchising? In this video, I go over 5 reasons why some companies don't franchise.
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If you found value in this video, please share it with someone you know. Your feedback, a comment down, below or a thumbs up, is the best way to support our mission here. Thanks!
Funin and Sunin Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Visit our Blog at: www.franchisefrankness.com/dothese7thingsfordiscoveryday
I've been to a lot of Discovery Days and in this video I share the Do's and Don'ts of attending a Discovery Day.
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In this podcast, Paul talks about why profit and loss statements are important to understand, not only to evaluate an acquisition of a franchise or other small business, but also to manage your bottom line on an ongoing basis.
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Why Do Franchise Stores Close? In this video I go over the possible reasons why a franchise store would close, how that reflects on the brand, and how to calculate a brands continuity rate.
Continuity rate is one of the primary metrics that institutions use to rank franchises.
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In this video, Tiffany shares the road-map of opening a franchise. She outlines the 10 steps and identifies tasks under each of those steps.
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This is the third installment of What I Would've Done Differently. In this episode, Steve shares a personal story about his first franchise operation.
In this episode, Paul shares several ways of searching for a franchise concept. Some of the websites he mentions in this podcast are: FranchiseGator.com FranchiseHelp.com FranchiseDirect.com Franchisors pay these portals for your information.
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Impact Fee Language: "Landlord shall pay any impact fees, including, but not be limited to, connection charges, availability fees, tie-in fees, meter fees or charges, capacity fees, reservation fees, EDU, utility connection fees, "tap-in" or tap fees or impact charges, and any similar imposition charged by applicable governmental authorities or utility providers associated with the development of the Center and Premises or the use of the Premises for the Permitted Use."
In this podcast, Tiffany shares an experience that almost affected her ROI by $300K! Make sure you don't make this same mistake!
We're producing this series so that you can avoid some of the costly mistakes we've already made!
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In this podcast, Steve talks about the best time to sell your business.
Steve has bought and sold several businesses; a thorough understanding of the factors involved will allow you to sell your business for the highest possible return.
He also shares what potential buyers look for when they are assessing the value of your business.
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In this video, Paul shares one of his experiences that given the chance, he would've handled differently. Don't make the same mistake!
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In this video, Tiffany shares the 4 Elements of Site Selection
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