All those with the zeal to be their own boss always get different ways to lead, one is through franchising with a good brand, second is business for sale and the other is establishing a whole new business. However, all of them require big amount of investment in the initial stage. But only franchise comes up with fast recovery along with good market reputation. You will get several business opportunities related to franchising. However, there are always chances of getting failure in establishing a new business. Therefore, if you have been looking forward to own a business of your own, always give preference of franchise. There are various benefits that come along with franchising.

Below mentioned are the top 3 benefits of franchising rather than establishing a new business:

Complete support:

Franchising with a good brand allows you to lead a company along with full support from the parent company side. The in-build support team of the company is always there to support you in all your tasks and decisions. After getting franchise there is no need to hire a different support team as they are already there to help you in accomplishing all your endeavors. In case you come across any problem with the product then they are always there to handle the entire situation quite efficiently. The support team is always there to guide you in your entire business front. As you have entered the franchise business recently therefore, you will require help to understand every perspective. This is where the support team comes into the picture and assists you in leading ahead the company. After attaining UK franchiseyou may enjoy doing business with a relief of support from the team.

Established market reputation and brand value:

Franchising with an established business lets you enjoy its well-known market reputation along with strong market value. You actually attain a readymade recognized brand with rich clientele and consumer base. Customers recognize the brand therefore end up preferring it which further results in enhanced profits. As the brand is in the market for the past many years and have earned their respect and assurance enables you to gather more respect. You will always be recognized with the parent company’s logo, clients, uniform and products which will further let to earn more money and respect as well.

Pre-planned business strategies:

After franchising with a reputed brand there is no need to develop any strategy or business plan as you get per-planned company strategy. You don’t have to hire any marketing experts and advisers to establish any business marketing plan. All you have to do is simply follow the strategies and guidelines which are already there for you. The parent company already boasts its clients and consumers to whom you have to manage and serve quality products.

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Shurgard Self Storage

Shurgard Storage Centers based in the USA was one of the Self Storage pioneers both in North America and in Europe and is now wholly owned by Public Self Storage; however this was not always the case. The company was founded by Chuck Barbo. Chuck Barbos Grandfather emigrated from Norway in 1871to start a logging business and starting businesses was certainly in the blood. However Chuck did not start his career early he first got his education at the University of Washington in Seattle, where he tried to earn a business degree. However he lost interest in this after a very short time and switched to history. He qualified as a teacher and went off to teach kids at a high school in Seattle. This never lasted to long and the draw of business soon resurfaced.

Chuck got the property bug in 1966 when he sold a property north of Seattle and learned that he would earn much more money selling property than teaching kids. Chuck then moved to Olympia, Washington where Shurgard was born. Chuck like Bradley Hughes of Public Storage started off as a property developer and went into partnership with other property developers. In 1971 both Don Daniels and Chuck formed a business called the Barbo-Daniels Group. It was then that they opened a Self Storage facility called B-D Mini Storage. Although Chuck was convinced about the merits of Self Storage it was much more difficult to persuade the banks. With a background in high school teaching it was particularly difficult for Chuck to convince the banks to lend him money. Un-deterred Chuck managed to grow the business and during the 1970s and 1980s but had further problems raising capital via the banks for Self Storage. It was during this time that Chuck found another way f developing the business growth by entering public partnerships to fund construction. Chuck raised over $700 million allowing for another 20 years worth of growth.

In the 1990s Chuck decided to merge his many property concerns into a separate company Shurgard Storage Centers Inc. It also followed that Shurgard would float on the Stock Exchange already converted to a REIT a real estate investment trust. By this time Shurgard had one hundred and thirty nine storage centres in seventeen states. Following the successful floatation of Shurgard Chuck ordered more aggressive expansion; he started by buying 20 already trading centres and opened eight centres organically. With his European roots Chuck made a very bold move in 1994 when he opened an office in Brussels, Belgium to look into the feasibility of opening Self Storage Centres across Europe. When the feasibility study was complete Chuck started up the Shurgard Storage Centres Benelux & Co, giving Chuck a launch pad in Europe.

In 1996 Shurgard had 275 storage centres in the USA and was moving into other types of Self Storage such as the mobile storage concept. This made Shurgard the second largest Self Storage operator in the US. The march of Shurgard continued apace over the 1990s including acquisitions in Washington, Michigan and even France.
With Public Storage still growing far quicker than Shurgard, Chuck took a leaf out of Bradley Hughes book by building up partnerships in order to speed up growth. Chuck got together with Fremont Realty Capital another US REIT business. This allowed Shurgard to purchase several more small chains and lesson the costs of development. However this was never enough to keep pace with Public Storage and Chuck believed he would be able to grow in Europe without the competition from Public Storage. By this time Shurgard had opened 19 Self Storage centres in Europe and again Chuck managed to secure new financing for his expansion from Deutsche Bank, AIG the insurance giant, and Credit Suisse. Not a bad line up of financial backers. This allowed Chuck to open up in France, Belgium, The Netherlands, the UK and Sweden.
Public Storage however surprised Chuck by buying up Shurgard shares in 2000 becoming the largest shareholder very quickly. Chuck and the management of Shurgard Storage Centres did resist and Public Storage backed off, selling the shares. After the Public Storage attempted takeover Shurgard got back to matters at hand and proposed a “Partnership Scheme” which was in affect franchising the name and branding to existing Self Storage businesses across the country. The main difference with Public Storage failed attempt at this strategy was that they wouldnt allow participants in the areas where they had Self Storage Centres. In 2002 Shurgard Storage Centres had over 450 storage centres in Europe and in America and the expansion just continues with the purchase of Morningstar Storage Centres adding another 40 branches to the Shurgard portfolio.
In conclusion Shurgard although not quite ever catching the success of Public Storage, Shurgard have become a powerhouse in the now Global Self Storage industry. Chuck Barbo identified the need for Self Storage in the US and then brought the product to Europe.

Many would agree that selling your business, or at least the rights of it, is not easy. Of course, it is emotional for you especially if you really worked hard for it, then letting go may be hard for you to do. And others also see selling the rights of a business as a new beginning. They see it as an opportunity to expand their business and make it more known to the people. This part of the business development may be a rollercoaster ride for some of the businessmen, but before they consider the thought of selling the rights of their business (franchise), they must first rationally evaluate their business to see if it has these much needed characteristics before franchising.

These characteristics are:

Credibility. Before selling the rights of the business, you must first establish your credibility in order to be sellable to other business investors.

Distinctive. A business must stand-out in order to be noticed. The distinction might be in the products or services you offer, it may also be from the marketing strategy or the lower investment cost or a different target market.

Easy to operate. When you are selling, you must think that the business investors or buyers are relatively new. So, to help them succeed in their endeavor your business must be easy to operate.

Adaptable and in demand. These characteristics are important especially if your franchise will be brought to new locations. The services and products should also be in demand so that selling it would be easy.

Fast return of investment. Your business must give the franchisee a fast return of investment. It does not have to be automatic but it should also be reasonable.

Strong management. In franchising, you must be able to produce strong managers to prevent the business from faltering.

If your business is all these, then selling it would be easy. But it also comes with lots of paper works and legal stuffs. You may be a good businessman but you might need a good and expert conveyance partner to help with these paper works and legal issues.

Your commercial conveyance solicitor will be the one to prepare your franchise plan. He will make the business outlines with your guidance of course. If a franchisee is interested in your franchise, then he will draft the franchise agreement and the Franchise disclosure document. These documents must also be in line with state and national laws and must come up with the legislative requirements.

Before selling the rights, you must also register your intellectual rights to it since you are the original owner of the business and the idea was yours.

Contracts that needed to be signed will all be prepared by the commercial conveyance solicitor. So, they actually help you by being in charge of the legal and paper work aspect when you are planning to sell your business. This helps save a lot of your time. That is why, selling your business is now easier to do!

Franchising business is most often linked with food industry as there are many successful food brands that have touched new heights of success with the help of franchising concept. Years back, food franchise brands like McDonalds, Subway and Pizza Hut started their business in a very small way but today these companies have become a household name. Today McDonalds, Subway and Pizza Hut have an international identity. If you have a food business what should you do to grow a food franchise business of such scale?

Well, if you are an owner of a popular and successful food business, you can easily start your franchise business. Here are some key points to help you understand your business and franchising concept:

Evaluation of your experience: Your food franchise business can only be successful if you as the owner have the experience and zeal to take it to the next level. Evaluate your business concept and your own abilities in an honest way before jumping to a conclusion.

Business concept must be worthy: It is not necessary that if your food business is popular in your locality it will enjoy the same level of success in some other location too. Hence, you need to devote ample time to research properly to find out whether your food business can actually be franchised or not.

Concept must be unique:The market is already flooded with many popular food franchise opportunities. So, it is important for you to make sure that what youre offering is unique as compared to what your competitors are dealing with. This will surely help in ensuring good flow of customers.

Go for healthy infrastructure: Before launching your food franchise business concept build a healthy infrastructure. Here you will have to make investments to make attractive manuals, standardized recipes, local store marketing, and operations expertise but these investments will ensure the success of your food franchise concept.

Be ready to face challenges: When you plan to start your food franchise, you need to be prepared to face end number of challenges in the beginning. There will be vast differences in the business trends in your local market as compared to different locations. You need to research everything properly to come up with a consistent and universal business proposal that suits the needs of different markets.

Choose franchisees smartly: The reason behind the success of any leading food franchise opportunities is the devotion and ability of their franchisees. One wrong step by one of your franchisee can spoil the reputation of your brand. So, you need to choose your franchisees after proper evaluation.

Set a target: Create a strong and reasonable strategic plan that identifies the strengths, weaknesses and opportunities of your food franchise business. Also try to come up with short term and long term goals of your business to help you remain focus in your business venture.

Work towards customer expectations: Your customers are the lifeline of your food franchise business. Hence, always try to provide the best customer experience above and beyond all competitors. If you can so then there is no one can stop you from achieving your business goals.

Keep these tips in mind to start your food franchise business to enjoy sure and instant success.

With new business opportunities come up in the franchising industry, aspiring entrepreneurs are finding the concept of -Master Franchise- as a better option. Master franchising is a very dynamic and lucrative business concept of the franchising industry. The Master Franchisor is provided the responsibility of helping develop and grow the franchise brand in an exclusive territory. The master franchisor buys the development rights to an exclusive territory. In many cases this territory can be quite extensive. The master franchisors work towards generating new business opportunities within that specific area.

Key responsibility areas of a master franchisor:

To facilitate franchise sales of the particular brand to qualified prospective buyers. The franchise company will provide assistance in the process of selling a franchise business.

The Master Franchisor needs to own and operate at least one unit within his territory. This unit will be help in generating a revenue stream, where prospective buyers can come and see the working module of the business.

The master franchisor also has the responsibility of providing training to prospective buyers.

The master franchisor needs to analyze the territory popular and the number of potential units a specific territory can accommodate.

Also needs to work out on new business opportunities so that the brand gets more popular.

Essential qualities of master franchisor’s

To buy the best master franchising business opportunities ideas, an entrepreneurs needs to possess certain qualities, such as:

Familiarity with the local market of the territory for which master franchising is offered.

Experience in the relevant industry. This is not always essential but having experience can be an added benefit for the franchisor.

The master franchisee must have the budget to purchase the franchise rights, set up units and develop the franchise business in a particular territory.

Having management skills is must for owning the rights of master franchising.

Various sources of income for master franchisors:

With master franchising business opportunities ideas, the franchisor enjoys new ways of generating income which is generally higher as compared to any other normal franchise business.

Franchise fees: In a master franchise network you receive a franchise fee when you sell a franchise. In a typical master franchise program the owner gets a good share of the franchise fee.

Ongoing royalties: With the opening of a new franchise outlet within the territory of a master franchisor, the owner gets benefitted of additional royalty income for the rest of the life of that franchise. This is the ultimate income source.

Products or additional services: Often products or additional services needed by the franchisees are sold at the master franchisor’s outlet. This is a great source for additional income. But for this you need to look out for best business opportunities in master franchising category.

Real estate: If real estate is involved with the franchisee’s location, often the master franchisors gets involved in the development of sites and doors get open for receiving other types of real estate related income.

In conclusion, master franchises are best option for entrepreneurs with sufficient financial resources to develop a network of franchises in a specified country or region. However, you need to look out for the best business opportunities in this area to enjoy success.