Looking For The Best Franchise Opportunity?

Whether or not you plan on buying a franchise you will get plenty of ideas by attending a franchise trade show. These shows are held on a regular basis throughout the country and only require minimal entrance fee.

To find the franchise trade show closest to you conduct a Google search for “franchise expo.”

Depending on the show you will find several hundred franchisors offering opportunities.

We have exhibited at these franchise shows and talked to the attendees. The attendees come from all walks of life ranging from homemakers, real estate agents, to doctors and dentists. Some of them have an idea of the type of business they want to get into, but many don’t.

A large percentage of the attendees know they want to do something but not sure what type of business they want to start up. Either way you will leave the show better educated and probably with a lot more ideas.

The number of different franchise opportunities available may surprise you. There will be franchise opportunities with a low start up cost all the way into the millions. The low cost franchises are often that way because they don’t require much in the way of build out or inventory that a fast food restaurant, coffee, or ice cream franchise requires.

By attending these shows you will find the best franchise idea for you and then be able to talk directly to company representatives and get free franchise information on ownership and operation.

Starting a franchise business requires money. When talking to any franchisor be sure to find out about ALL the money required, not just the franchise fee or any build out and inventory required.

We have spoken to numerous attendees at these shows that have determined the business they want to start and then approach us about funding the franchise.

“Oh I only need $X amount” is a common statement we hear from franchise expo attendees. Then we ask a few basic questions such as: “Will that cover marketing and advertising?” “Will that meet payroll until you break even?” “Does that cover all unexpected contingencies?” All of a sudden that original dollar amount looks way too small to the potential franchisee.

When determining finances you MUST think way beyond opening day. Will you be making a profit from Day 1? Probably not, then how will you pay yourself and your employees? Will you able to make all of your lease payments?

Most businesses take time to turn a profit but in the meantime expenses keep coming. Unsecured business lines of credit will be that buffer and give you access to franchise capital when you need it.

We can arrange for $300,000 in corporate lines of credit that can be used for funding a franchise, operational expenses, advertising and marketing and even payroll.

Knowing that you have access to $300,000 takes a lot of pressure off and you can focus on running your business efficiently rather than worrying where the next dollar is coming from.

We recommend that you establish the lines of credit ahead of time. Establishing corporate is a process and takes time. In other words don’t wait until you really need the capital before applying for it.

If you already have the lines of credit you can attend the franchise trade show expo with “$300,000 in your pocket” and this alone will open up otherwise unforeseen franchise opportunities.