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Franchising/Questions Answered by Expert Joel Libava
| Subject | Date Asked |
| Franchise or Corporate | 5/12/2010 |
| Q: I'll start off by appologizing for this being kinda long and alot of variables. The company I work ... A: Great question; I'll simplify it here. If you would like an opportunity to build some equity in ... | |
| franchise opportunity | 12/22/2009 |
| Q: I am interested in a franchise opportunity. I received the FDD and I guess I need some guidance if ... A: I would need to know a lot more about you, including financial info, background etc. in order to ... | |
| Estimating expenses | 11/6/2009 |
| Q: I an researching starting a Subway location and I am trying to put together a proforma P and L. I ... A: Here is the best way to figure expenses for any franchise opportunity you are looking at; Call the ... | |
| new business | 5/8/2009 |
| Q: if I have a great knowledge in some issue (industry) also I enjoy it and interested in too , is that ... A: I guess it just depends on the specif franchise you end up looking at. Industry knowledge is ... | |
| Franchise concept based on a patent | 10/25/2008 |
| Q: I have a US Utility Patent for a unique home improvement tool. It allows one person to easily ... A: This is a question that can only be answered by you. You must be the one to get your idea going, ... | |
| Franchise Help | 10/12/2008 |
| Q: 22k invested in brand new condomonium, my domain name www.worldstocks.biz is worth 500k atleast (ive ... A: I am certainly not a financial expert, so I can't give any advice related to your finances. Here is ... | |
| Franchising: Rules of Thumb | 9/8/2008 |
| Q: What is the general rules of thumb for franchising? What is the type of business most suitable for ... A: The general rule for whether or not to "franchise" one's business is this: Is it a proprietary, ... | |
| Little Gym | 6/4/2008 |
| Q: I am looking into purchasing a Little Gym. Do you have an opinion about the Little Gym franchise? ... A: While I cannot give you "real numbers", a gentleman who owns a COUPLE of them, contacted me once. We ... | |
| Claude | 3/23/2008 |
| Q: Mr. Libava I would like to buy a franchise in the next three years. In order to do this i want to ... A: I do not have any specific website to recommend. The best way to start learning about franchise ... | |
| question ! | 2/26/2008 |
| Q: I m confuse about license business strategy & franchise business strategy when I m studying this ... A: A franchise really is a license. It allows you to use their systems, software,logo's etc. A Master ... | |
| question ! | 2/9/2008 |
| Q: when I searching for some franchises I found some requirements in the requirements I found 3 ... A: The franchise company wants you to have aMINIMUM of $23k of your own money to invest. Total ... | |
| Want to buy Subway | 9/2/2007 |
| Q: I want to open or buy existing subway restaurant. Here in Florida I was told it's $250.000. I will ... A: I am not sure. I suggest you talk to a CPA, and go through the numbers. The numbers will give you ... | |
| Want to buy Subway | 9/2/2007 |
| Q: I want to open or buy existing subway restaurant. Here in Florida I was told it's $250.000. I will ... A: Opening a new one and buying an exisiting one are vastly different. You may be able to find an ... | |
| ask about | 8/7/2007 |
| Q: if I want to contact the franchisor so can you suggest me a list of diliegence questions to help ... A: 1. How many franchises do you have right now? 2. What is the total investment? 3.How many have left ... | |
| Franchise possibilities for me? | 7/26/2007 |
| Q: Just a quickee,...are there any franchise options out there for someone like me? Single mom, very ... A: There may be some options for you, however, i would need to know a lot more about you...your ... | |
| owning a franchise | 7/2/2007 |
| Q: I am interested in owning a business. I am married w/two children. I have a MA in Counseling and ... A: Without knowing your financial info {Net worth etc.} , it is hard for me to make suggestions. MY ... | |
| starting a franchise | 6/26/2007 |
| Q: I owne a restaurant and i think it is time to franchise. where do i start? A: There was just a death in my family. Thanx, Joel If you can wait a few days, and remind me, I will ... | |
| owning a franchise | 6/25/2007 |
| Q: I am interested in owning a business. I am married w/two children. I have a MA in Counseling and ... A: If you can wait, I will try to answer this question later this week. There was a death in my family. ... | |
| franchise stuff | 4/11/2007 |
| Q: this would be my first business venture. I have a nice piece of property in a great location. I have ... A: Do you have a retail space, or just land? You may be starting your venture..well..backwards. You ... | |
| need to ask | 1/15/2007 |
| Q: whats the difference between importing & franchising in a specific brand? for instance ( whats ... A: Importing is a method of distribution where you are a middleman, and buy products from the ... | |
| need to ask | 1/11/2007 |
| Q: when i visit a store in my area how can i tell whether that store is operated by a franchisor of ... A: 1. Just ask the employee at the store... 2. Go to google and put in "your country franchises for ... | |
| Franchise Financing | 10/14/2006 |
| Q: I am a Realtor who wants to purchase a franchise called edible arrangements.....I don't have ... A: Let me direct you to my website for help. Go to: www.Theohiofranchisecenter.com Click "General ... | |
| 100% bank financing realistic? | 6/22/2006 |
| Q: my wife and I recently began looking into franchise possibilities. We have a strong desire to be ... A: In my experience, all the folks that I have been able to help have had to put some of their own cash ... | |
| Franchise/home business | 6/7/2006 |
| Q: We are a near-retirement couple in TN! We have a background in sales/retail. We are looking for an ... A: Well you have great backrounds.. What is your exit strategy? How much are you willing to risk of ... | |
| Net Worth Requirements | 5/9/2006 |
| Q: heres my question. Im a business student in grad school and am interested in buying a franchise, I ... A: Dave, In my experience, the only ways to get around net worth requirments{Which are there to, ... | |
| All Tune and Lube | 5/2/2006 |
| Q: I saw your response to Steve and you had asked him a few simple questions. Why do you need so much ... A: In addition to the "liquid' requirements the franchise has, most folks forget about "living ... | |
| business card experts | 3/28/2006 |
| Q: I consider buying a business card expert franchise for $10,000. Its sounds very good. i am afraid ... A: Any franchise that the total cost is around $10k probably is not a real franchise. Have you talked ... | |
| Franchising | 2/17/2006 |
| Q: I am about to visit a display about franchisors. My purpose is to find the best franchisor so i can ... A: If you are going to a franchise "show", I suggest gathering the info packets, and trying to ask ... | |
| franchising in the usa | 10/11/2005 |
| Q: what type of training does a person need in order to franchise a business? A: There is not a real training program that will help you every aspect of running a biz. Things like ... | |
| Definition | 10/5/2005 |
| Q: Could you please give me comprehensive definition for FRANCHISING? A: Franchising is a business model in which you purchase a license of a specific business. The ... | |
| Boston Market | 10/4/2005 |
| Q: tables,building...ect) included in the final cost of buying into the franchise? Thanks for the help ... A: I do not have access to specific figures for Boston Market. The best way to find out the information ... | |
| franchising | 8/23/2005 |
| Q: ------------------------- Reply to your questions, Unfortunately our net worth is low, we have ... A: It sounds like your head is in the right place, and with some "possible" family involvement, it may ... | |
| franchising | 8/22/2005 |
| Q: My wife and I are looking into purchasing a franchise and have been researching for some time. We ... A: You are ahead of most of the folks I try and match franchise opps to! You DID NOT get a food ... | |
| business card experts | 7/12/2005 |
| Q: Followup To Question - we have been looking at franchise information on business card ... A: An investor in a franchise opp is one way to try to gain some income. A lot of franchise companies, ... | |
| All Tune and Lube | 6/18/2005 |
| Q: What is your opinion on All Tune and Lube Franchises. I am considering this Franchise and would ... A: Opionions are just that..opinions. The real question uis more about YOU, as opposed to the Lube ... | |
| Franchise | 5/21/2005 |
| Q: Are all the TGIF ( Friday's) resturants solely owned or a franchise? I am somewhat interested in ... A: IHOP is a franchise, and have done a great job in the last 2 years, after revamping the look of ... | |
| cafe franchise | 5/3/2005 |
| Q: I am currently in process of owning a cafe that has already in franchised. the cafe is called ... A: how far along in your "process"? Are you looking at an existing franchise location? I need to know a ... | |
| Yesterday I asked an expert "What... | 4/22/2005 |
| Q: Yesterday I asked an expert "What is franchising - is it for example if you have a pub, in which ... A: Franchising is basically a "license". In other words, if you feel you have something special, and ... | |
| True cost of starting a franchise? | 3/24/2005 |
| Q: I am curious if you know how much it would realistically cost to create a franchise.Dear I ... A: The variation in pricing is becuase of several reasons. DIY franchise set up is sef-explanatory ... | |
| want to know | 3/12/2005 |
| Q: i m a student want to make some project after graduation one of them is franchising , i m 21 year so ... A: Whatever you decide to do, do not let anyone tell you that you are too young. The question is: Will ... | |
| Business | 2/22/2005 |
| Q: I have a printing business in Utah. I want to have affiliates sell my printing services to other ... A: The first step is for you to look for an attorney in your state familiar with both franchise laws ... | |
| fast food resturant | 12/13/2004 |
| Q: what does someone pay for a franchise like Mcdonalds or burger king? how much does the corporation ... A: . I am not exactly sure the amount to buy a McDonalds or Burger King, but figure around ONE MILLION ... | |
| Franchises | 10/26/2004 |
| Q: I am considering opening a retail outlet selling gifts, gadgets and fancy goods. I wondered if there ... A: With over 4,000 different franchise concepts to choose from, there should be a couple in the retail ... | |
| Market research | 9/21/2004 |
| Q: I'm thinking about trying to get a printing franchise in Ventura, California. I'm looking at Minute ... A: I am not sure what you mean by customer profile, but if it has to do with demographics, an above ... | |
Franchising
Answers by Expert:
Joel Libava
Top Expert on this page
Expertise
If you are thinking about getting into franchising, and want to learn all you can, I'll be happy to answer general questions on franchising; From how to find the right one, to how to do the proper research, and how to protect yourself from scams. I only offer straightforward franchise advice. I'm not going to try to sell you anything. I've written well over 1,000 articles on franchise ownership.
Experience
Cleveland, Ohio based franchise consultant, expert, and popular (sometimes unpopular!) franchise industry blogger. I'll be happy to answer questions related to the business model of franchising! I'm also writing a new book on becoming a franchise owner. (Fall 2011, John Wiley & Sons, Publisher.)
Publications
The Franchise King.com
SBA.gov
Small Business Trends
Open Forum.com
AllBusiness.com
The Franchise Blog4 Vets.com
Small Biz Daily.com
Spin Sucks.com
Education/Credentials
Brush High School
Cleveland State University
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