Assessing Franchise Businesses

Franchises offer all kinds of business opportunities. There are hundreds of food, retail, and service-oriented franchise businesses, which cover just about every consumer niche out there, plus there are new ones springing up every day.

Picking out the right franchise opportunity is pivotal to the overall success of the franchisee. Pick one which is struggling, or is unstable and problems follow. On the other hand, choose one that’s up-and-coming, that’s got proven systems and programs in place, and success is yours for the taking.

This step, more so than others, is the sole responsibility of the potential franchisee to get right. Franchise consultants can help track down information on some of these topics, but the choice of which franchise to choose ultimately falls to the franchisee. No matter what franchise opportunity is under consideration though, they can be assessed with the answers to the below questions:

Does the vision of the company match with yours?

How old is the company?

How many years did it operate for independently prior to offering itself as a franchise business?

What is the brand position of the company?

What kind of franchises do they offer?

How many franchisees are there in the system?

How many multi-unit franchisees are in the system?

How many franchisees have left the system? Why?

What is the cost of the franchise and what does it include?

What is the royalty fee?

How many years is the franchise contract for?

Who is in charge of the franchise business? What are their qualifications?

What level of training is on offer? Is on-going support provided?

What is the territory size? Does it provide protected territory?

Where are raw materials sourced?

Is financial assistance offered by the franchisor?

Is real estate support provided by the franchisor?

How many employees are needed?

What employee recruitment is offered?

What is the marketing plan? What level of marketing support is on offer?

Find Out More : Starting A Franchise

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Why Franchise in Canada

Nearly half of all new retail businesses in Canada are franchised businesses, and Canada is now considered a leader in the franchising industry. Now is, therefore, an opportune time to consider expansion by penetrating the Canadian franchise market.Whether you are a seasoned international franchisor or franchising for the first time, there are a lot of business and legal issues to consider when franchising in Canada. This includes cultural challenges, disclosure compliance, anti-trust laws, and intellectual property protection. It is advisable to consult with a Franchise Attorney before setting up your franchise in the country, as franchisors operating in Canada are subject to both federal and provincial laws. Your attorney can help you understand these legal considerations.

Licensing, franchise & distribution, intellectual property, multi-level marketing, general corporate commercial law, and transporting franchise systems into and from Canada are some of the fields of law related to franchising. Most franchise attorneys are able to provide a complete range of legal services related to franchising, including document preparation, analysis, and advice.

A good franchise lawyer is a specialist in his field who is able to meet the needs of various clients. For instance, a startup franchise system may need help with drawing up documentation to sell franchises; a mature international franchise system may want to penetrate the Canadian market; a prospective franchisee would possibly need assistance reviewing documents provided by the franchisor. A franchise attorney with business experience in franchising is a big plus, since he will be able to give his clients first-hand advice based on his own business experience.

Intellectual property is a vital consideration when starting any kind of business, and not just a franchise business. Trademarking and protecting intellectual property play an important role in protecting creative works and ideas from infringement anywhere in the world. A franchise attorney can dispense invaluable advice on copyrights, industrial design, and patent issues. A franchise attorney who is also a registered Canadian trademark agent can also protect his client’s business by properly registering and managing the business’s trademarks.

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Franchising and Franchise Laws in Canada

Franchising in Canada is growing by leaps and bounds. To illustrate this point, nearly half of all new retail businesses in Canada are franchises. As a result, many individuals and businesses are looking into penetrating the Canadian business market via franchising.A potential franchisor has a lot of legal issues to consider before setting up business in Canada. There are a myriad of laws concerning franchises in Canada; these laws range from what franchises can and can’t do, to specific tax laws that apply to franchises in unique ways. A lawyer in franchise is a good source of invaluable advice concerning Canadian franchise laws.

Some of the services of a franchise attorney are: preparing and reviewing disclosure documents; drafting, reviewing, and negotiating franchise agreements; giving advice on the application of franchise laws and regulations; registering and licensing trademarks; and mediating or litigating commercial disputes. Because Canadian franchise lawyers are specialists in the field of franchising, they are well-equipped to protect their clients’ business interests. Their services are invaluable not only during the start-up phase, but are essential also in the maintenance stage of the franchise business.

When setting up a franchise business in Canada, it is also important to note that some aspects of Canadian federal legislation have a direct bearing on franchising in Canada. The Competition Act is an example of legislation that directly affects franchising in Canada. This law prohibits a person engaged in business from influencing the price at which another person offers to supply a product or service within the country. Consequently, the franchisor cannot dictate the price at which the franchisee offers its products or services. The Consumer Packaging and Labeling Act prescribes policies on how products that are sold or distributed in Canada are packaged and labeled. This law would require franchisors to indicate the country of manufacture and the importer’s name and address for products that are imported.  Product labels should also be written in both English and French, Canada’s official languages.

These are just some examples of Canadian laws that can impact the franchise business in the country. Franchise attorneys can best answer queries relating to legal matters concerning franchising in Canada.

-C.D.

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Franchising Pros and Cons

When looking to start your own business, one of the options that you can consider is buying a franchise. Although purchasing a franchise will likely cost more than putting up a business from scratch, in general, franchises have a higher success rate than start-ups. This is because you are actually paying for the product’s proven track record, as well as the franchisor’s training, marketing, and business support. Before you consider signing a franchise agreement, it is a good idea to consult with experienced Canadian Franchise Lawyer who is a specialist in the field and is knowledgeable in all aspects of the franchising business.

Buying a franchise does not give you ownership of the franchise business itself, but only ownership of the rights to operate the business under the conditions of the franchise agreement, and only for the pre-specified amount of time. A franchise is a legal agreement between a franchisor and a franchisee. Through this agreement, the franchisor or seller gives the franchisee or buyer the rights to distribute certain services or goods developed by the franchisor. This is to be done in a specific way, a particular location, and a specified period of time.

There are several advantages to buying a franchise. As mentioned earlier, the franchisor will provide you with training and business support to help you manage the franchise. This training will be provided as necessary throughout the course of the business, as long as the franchise agreement is still in effect. Aside from training, the franchisor will also regularly supervise business operations and will be available for advice. Another benefit is collective advertising. Most franchisors can afford to fund regional and national ad campaigns, and your franchise will surely benefit from this. Hiring Franchise Attorneys will ensure that your rights as a franchisee are protected when the franchise agreement is drafted; he or she can also ensure that the terms of the agreement are upheld.

On the other hand, franchising also has a few disadvantages. One of them is the fees and the costs involved. Most franchises are expensive to purchase and involve paying ongoing fees or royalties based on sales. Other disadvantages of franchising include limited possibilites for expansion, and restrictive guidelines and regulations which can confine the business decisions you can make as the franchisee. Your  Franchise Attorney can help explain your rights as a franchisee, as well as help you understand any legal restrictions laid out in the franchise agreement.

Before you decide to purchase a franchise, make sure you are aware of the pros and cons involved in putting up this kind of business. Although more start-up businesses are prone to fail, franchising is not 100% risk free. In fact, one study showed a 35% fail rate among franchises.

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The Benefits of Hiring a Franchise Lawyer

Going into the franchising business can be very exciting for the first-time franchisor. On the other hand, thinking about all the legal matters that need to be considered and the required documentation to be submitted, may seem intimidating and can be overwhelming. Franchise attorneys are specialists who can assist you every step of the way, on your way to your dream of owning your first franchise.

A Franchise Attorney can help you in many ways, starting from the very first step of the franchising process. Your attorney can help you create a franchise program and draft the necessary legal documents. He or she can also give you advice on day-to-day business matters and regulatory compliance, and help enforce the franchise agreement terms in the event of a dispute. Franchising lawyers are also knowledgeable on legal matters related to franchising and distribution, and can provide you advice on matters such as intellectual property, bankruptcy, secured transaction, employment law, and vicarious liability.

Not only can franchise lawyers help review and negotiate franchise and master licensing agreements, they can also help draw up and review contracts associated with strategic alliances, branding programs, and international franchising. Your attorney can also counsel you on contract issues and application of franchise statutes if you want to put up a franchising company that distributes products through networks of wholesalers or dealers.

Some other situations may arise during the course of running a franchise business that may warrant the services of a franchise attorney. Such cases include: terminating the franchise relationship, vicarious liability cases, and statutory compliance. In the case of termination of the franchise relationship, your lawyer will ensure that the terms of the franchise agreement are upheld. For vicarious liability cases, your attorney can have the case against you dismissed, or negotiate a nominal settlement. And for statutory compliance, your lawyer will act as a liaison between you and the federal and provincial regulatory agencies to resolve andy issues or concerns related to allegations made by the franchisee. Your attorney will also represent and defend you during legal proceedings.

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The Importance of Call Tracking for Franchises

The problem of gaining insight into a company’s SEM strategy becomes doubly difficult for franchise businesses. For franchises, the integration of a phone number tracking solution provides a wealth of information benefiting both the franchisor and the franchisee. Outlining some of the features of this call tracking solution should provide a clearer picture of the power of this tool.

Gaining accurate feedback on the performance of one’s franchisees is often a difficult and inexact science, relying on highly-variable sources of information and opinions within different franchises, customer feedback on the franchisee’s performance, and so forth. Because call tracking logs instantly the data surrounding the call (e.g. call recording, call duration, individual sales and leads), this becomes a far more exact and judicious process.

Maintaining and monitoring a franchise’s advertising campaign is vital for insuring that one’s ROI on each campaign is sufficiently high to warrant the investment being spent, and as some call tracking solutions offer a unique telephone number to be applied for each advertising medium logged in the system, to diagnose potential problems where an advertising campaign seems to be failing to reach its potential.

Furthermore, the implementation of call tracking can hugely improve performance from the sales team of a franchisee. As franchisors are expected to train their franchisees in sales technique, call tracking can act as a great performance rubric for the sales productivity of a sales team; franchisees can see for themselves the success rate of conversions made from offline calls.

But call tracking can provide improvement in other areas of the franchise business. Its call recording function can lead to the improvement of a franchisees telephone sales by allowing salespersons to listen back to exemplary calls. The progression in productivity therefore works at the level it is needed most, at the customer’s actual contact with a representative of the franchise. Call tracking also allows companies to follow-up on out-of-hours calls and missed calls, helping to recapture lost leads – this is incredibly beneficial to both reclaiming that lost percentage, and allows that extra quality of service to be conducted for the customer.

The information that call tracking provides for the franchisor is integral to an interpretation of offline conversions in the same manner as an analytics tool would present online conversions. The information logged for call tracking allows potential slumps in productivity to be rectified quickly, with minimal loss to investment, and furthermore the franchisor can feel justified in making alterations to the marketing campaign, having the information in an ordered and pliable medium. Combining all these elements together, the implementation of phone number tracking allows a greater level of surety in properly interpreting the complex data needed to build and maintain a growing conversion rate.

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Tint World – Franchise Video

Tint World Automotive Styling Center Franchise Introduction.

If you’ve ever dreamed of owning your own business and being your own boss, the Tint World® franchise system offers an unbeatable combination of an exciting concept with a high-quality product line at a surprisingly low initial investment for a proven business system that works.

Our goal is to provide you all of our concepts, expertise, trade secrets and work ethics needed to faithfully reproduce our Automotive Styling Center Services, in a manner that can reward you the same success in your own Tint World® franchise.

We have refined each step of our system and articulately laid the groundwork to make our method of sales, service and installations simple and effective for perfect window tinting & accessory installations every time, so that customers will recognize and appreciate the quality, consistency and convenience ociated with planning their next visit to Tint World®.

Our training program will guide you through the process of learning our methods, systems and every phase of the business, giving you the necessary skills for success in your own Tint World® franchise.

Franchise Benefits Include:

Site Selection & Lease Negotiations,
Store Layout, Design & Renovation istance,
Sign & Identity Package,
Management & Technical Training,
Pre-Opening & Operations Manuals,
Grand Opening Support & istance,
On-Going Management Support,
Complete Distribution System Access,
Effective Advertising & Marketing Programs,
Research & Development,
And Much More…

Secure You Opportunity For Success!

For more information, please visit www.tintworld.com or call our franchise development department at 1-561-868-6596 or call us toll free at 1-800-SOS-TINT (1-800-767-8468), Choose Option #3, then Option #1 for Franchise Development.

Duration : 0:5:10

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