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Due Diligence Into The Franchise Industry: How To Become Your Own Boss

Published by: IncreMental Advantage

Published: Mar. 30, 2007 - 174 Pages


Table of Contents


I. Introduction To Readers

II: Matthew R. Shay, President, International Franchise Association

III: Ross Almo, Executive Director, Econo Lodge Franchisee Association

IV: David Asarnow, President and CEO, CLIX

V: Ted Beamen, Vice President Business Development, Boston Pizza Restaurants L.P.

VI: Gayle Becker, Vice President Franchise Development, TruePresence

VII: Lori Kiser-Block, President, FranChoice, Inc.

VIII: James L. Courtney, Senior Director Market Development, USA Baby, Inc.

IX: Kyla Duffy, Chief Operating Officer, Bits, Bytes, & Bots

X: Kent Feazell, Senior Vice President of Development, Express Oil Change & Service Center, LLC,

XI: Jarrod Fisher, Vice President Franchise Sales, World Properties International

XII: John W. Heacock, General Counsel / C.O.O., Snappy Auctions

XIII: Harold J. Hill, President and CEO, Bad Ass Coffee Company of Hawaii, Inc.

XIV: Jennifer Jackenthal, Founder and President, My Girlfriend’s Kitchen

XV: Margaret Jacks, Vice President International Development, Sandler Systems Inc.

XVI: Jon D. Kennedy, Senior V.P. of Franchise Development, AmericInn International, LLC.

XVII: Giorgio Kolaj, Co-Founder and Executive Vice President, Famous Famiglia

XVIII: Patrick Maslyn, Partner, Latham & Watkins

XIX: Mitchell Moore, Director of Business Development, Nestle Toll House Café

XX: Truly Nolen, Director of Franchise Development, Truly Nolen of America Inc.

XXI: David Di Orio & John P. Nuzzo, Independent Franchise Owners, It’s A Grind Coffee House

XXII: Tip C. Powers, President, Realty Direct Franchise Corporation

XXIII: Steven A. Rosen, Chairman and CEO, FRANNET: The Franchise Consultants

XXIV: Ken Rubin, CEO, Xact Natural Pest

XXV: Lily Sarafan, Chief Operating Officer, Home Care Assistance, Inc.

XXVI: Bruce S. Schaeffer, Founder and President, Franchise Valuations Ltd.

XXVII: Adam Schectman, Director of Franchise Development, Advanced Realty Solutions Inc.

XXVIII: Larry Simpson, Director of Franchise Development, Postal Annex

XXIX: Jeff Snyder, Regional Co-Owner, Re/Max of New Jersey

XXX: Brig Sorber, President, Two Men and a Truck

XXXI: Kenneth C. Sully, President and CEO, iSold It, LLC

XXXII: Jan Van Blarcum, Founder, Creative Tutors

XXXIII: Synopsis of United Franchise Offering Circular

XXXIV: Additional Resources

Abstract

Many people look at franchising as a way to be their own boss and freedom from the restrictions of corporate life. However, most do not have a clear understanding of what goes into running a franchise or the rigorous selection and startup processes. Aimed at new franchise purchasers, this report addresses key issues such as how to select a franchise, as well as what franchisees need to know once they have applied. The report includes a variety of industries in the franchising world and interviews with some of the top executives in those industries. The report offers the opportunity for these company executives to speak directly to the people who are looking to purchase a franchise, and it helps them communicate to potential franchisees exactly what they are looking for.

This report features interviews with leading authorities and executives from franchises and associations such as:
  • Matthew Shay, President, International Franchise Association
  • Jeff Snyder, Regional Co-Owner, Re/Max of New Jersey
  • Mitchell Moore, Director of Business Development, Nestle Toll House Cafe
  • Brig Sorber, President, Two Men and a Truck
  • Ted Beamen, Vice President Business Development, Boston Pizza Restaurants L.P.
  • Jon D. Kennedy, Senior V.P. of Franchise Development, AmericInn International, LLC
Some of the issues discussed include:
  • Franchisee financial commitment
  • Training provided by franchisor
  • Territory exclusivity
  • Marketing budgets
  • Assessing litigation between franchisee and franchisor
  • Real estate management issues
  • Control of franchisees by franchisor
  • Freedom to choose vendors
  • Calculation of royalties
  • Negotiating royalties
  • Dispute resolution
  • Exiting the franchise / liquidity options


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