Tuesday, February 19, 2013

Franchise Blog



This franchise as a very attractive option if you are looking to open a franchise. Little Caesars is one of the most successful carry-out pizza brands in today's market. They own the hot-n-ready business. When it comes to that, they are the only pizza place like it. Little Caesars is simple to operate and is easy to learn. Their head quarters provides world class marketing. Little Caesars has not been in the news for anything good or bad. But they have been on T.V. for their commercials.
 

The initial franchise fee for Little Caesars is $20,000. There can be additional fees, ranging from $173,050 to $599,500. This is from several things which include:

·         The location of the building

·         How much it costs to build the restaurant

·         The ovens and other supplies needed to make and sell the pizza

There are no other fees when franchising a Little Caesars . Little Caesars does not have a royalty fee that is paid monthly.

The Little Caesars Franchise does not help with financing the restaurant.

Little Caesars has an eight step process for franchising with them.

Step 1: You have to submit your application to Little Caesars

Step 2: 3 to 20 Days- Your application is being reviewed by Little Caesars

Step 3: 10 to 30 Days- Qualified Applications are sent the Franchise Disclosure Documents

Step 4: 20 to 40 Days- After documents are returned and a Franchise License Advisor will contact you, and schedule you to a Discovery Day

Step 5: 7 to 25 Days- You are notified whether or not if you have the opportunity to become or not become a franchisee

Step 6: 20 to 100 Days- Accepted franchisee's are required to attend a real estate training and site selection class

Step 7: 60 to 120 Days- After the real estate training and site selection class, franchisee's are required to attend a six week in-store operations training program. Also construction can begin during this time
Step 8: Grand Opening!


This total process can take anywhere from one hundred -twenty days to Three hundred sixty-five days.

Motel 6

                Recently, I came across some information that might be of some interest to someone that is looking to invest in a franchise or start one of their own. G6 Hospitality is one of the nation's largest owner/ operators of the nations lodging. They have found the most success with the Motel 6 and Studio 6 brands. To show that Motel 6 has been a recent success, the article that I have found shows that there were a record high new openings in 63 in 2012 in different locations around the country all under franchise contracts. The room count for the recent addition rises above five thousand one hundred. With this many new contracts started within the Motel 6 franchise, there are many new opportunities for jobs and new vacation spots all over the country.

                It seems like to the average person that all you would have to spend was the cost of all of the employees. That is completely wrong. Motel 6 is selling you the rights to use the company name but not putting forth any of the facilities. Personally, I am not willing to pay money to be allowed to use someone's name for my company. Clearly franchises are not for me.

                As for the training, Motel 6 is willing train you as a new owner and operator of the franchise but after that it is up to you to complete the rest of the training.

               

Domino's Pizza


I feel like a great franchise to choose would be Domino’s.  Domino’s is such a well known pizza place and has always kept a good reputation for how they do business. Domino’s was created in 1960 near Arbor, Michigan as a sole proprietorship pizza restaurant and is now the second largest pizza franchise known today, only behind Pizza Hut. I know that I have an app on my iPod that allows me to order my pizza.  I think that’s crazy that a business is able to allow customers to do orders from apps on their mobile devices.  I think Domino’s has started a new revolution and many other companies are going to start creating apps to better serve their customers. I think Domino’s Pizza is a great opportunity to buy as a franchise because with the way their reputation is and how well they are serving their customers, especially with technology access. The development of this app has definitely increased their sales of pizza and really boosted them up in great franchises to own.  Domino’s not only keeps their customers best interest with everything they do, but Domino’s does it without causing any drama in the news.  It is so easy for a company today to be found doing something that is frowned upon, but nothing negative ever comes up with Domino’s.  All the news I have ever heard was good news, either about more specials for their customers or new coupons that customers can print off offline.  All this great news and great press of Domino’s has allowed them to expand into other countries other than the U.S.  The first foreign Domino’s was located in Canada and it just exploded from there. Domino’s is an LLC franchise that costs at the maximum $460,000 to set up and own, with the initial fee being about $25,000.  Domino’s wants to make sure that all their franchises are customer friendly and to make sure that, they put new owners through training of human resources.  Though Domino’s offers a lot of conferences to the owners they do not help with finances when new owners start up their own Domino’s.  When starting a Domino’s franchise the owner will be faced with the opening cost, equipment, rent, furniture, ingredients, training, and insurance.  I think Domino’s is a great franchise to invest into if you are interested.

UBuildIt

UBuildIt was founded in 1988 in Oklahoma City, Oklahoma by Chuck Warrender and its main goal was and continues to be, to provide an affordable way for people to facilitate and manage the construction projects of their homes.
The company lives off of their effort to high quality of work they put into their business. Their way of providing professional consulting is proven to work as seen by their great success. This is an attractive franchising opportunity due to the fact that is a very successful business that is easy to get your foot in the door. The owners of the company are more than willing to listen to anyone interested in franchising their brand and product. They bring a complete system to the franchisee, but allow them to come up with their unique ways of building that they have developed on their own.  
With UBuildIt the franchise fees are not the most appealing but compared to some other companies are pretty affordable. The initial franchise fee ranges between $23,500 and $37,500 and a royalty fee of $750 or $1500 for a standard ten year agreement, with a renewal fee of about $10,000.  One major benefit about UBuildIt is the fact there they do not have an advertisement fee, which is very appealing to many people wanting to start up. With everything tallied up the total investment into an UBuildIt franchise ranges between $50,000 and $225,000.
UBuildIt does have some financing help it offers its franchisees. However they mainly come in the form of start-up capital that the company provides. The start-up capital however is different from franchise to franchise depending on what is needed to get it off of the ground.
UBiuldIt provides many forms of training and support needed for the success of the franchise. Which includes, one, complete training involving, marketing, sales, operations, and construction consulting. Two, a start-up package. Three, preferred vendor programs to increase the franchisees advertising budge. Fourth, national media exposure on the website and beyond. These are just a couple of ways that UBuildIt offers training in.
Overall UBuildIt is a company on the rise that shows great promise in near future. 


Golf USA Franchise

The franchise I chose to explore into was the Golf USA Franchise. I chose it because I love to golf and I'm interested to see what it takes to run a well known establishment like this one. What makes a franchise so successful is that their number one goal is to satisfy a customer. Also, they need to see flaws within their competitors and build off those to make sure they're getting the good business, not the competitor. This franchise is an extremely attractive one, especially because it can target almost and age, male or female. Both men and women love to golf, and as we know, as many people retire, especially down south, one of the most common activities amongst retirees is golfing. Also, is a very popular sport that people watch on TV, especially because of great golfers to like of Tiger Woods, Rory McIlroy, and Phil Mickelson.

Golf USA was recently in the news for opening nearly 20 new locations across the United States within the last year. This helps that they are in the news because it gets their brand name out there, which then attracts customers to go to their stores and buy products such as clubs, balls, apparel, etc. The initial franchise fee is anywhere from $34,000-$44,000. They have no advertising fee, however there is a royalty fee which is 2.5%. Training wise, they help with newsletters, meetings, grand openings, and working their website, http://www.golfusa.com/. Marketing wise, Golf USA focuses more on regional advertising because they 100 stores which are located in 32 different states. Don't be surprised if you hear a lot more about Golf USA in the future. They are quickly competing with stores like Dicks Sporting Goods and the highly recognizable, Golf Town.


Chuck E. Cheese


I would assume that most of you have been to Chuck E. Cheese’s at at least one point in your life. It is currently the largest family entertainment chain in the United States. Some of you may have even been lucky enough, such as myself, to have had your own birthday there at one point. I remember it like it was yesterday, my sixth birthday at Chuck E. Cheese’s, with about ten of my closest friends, or just everyone in my class at school that year. Looking back, it was probably the perfect place for a young kid to have their birthday party. My parents were probably all for it because everything was set up when we got there, the party area, the pizza and soda, the cake, everything. Afterwards, they staff would even clean up everything for you. This is a perfect example of why Chuck E. Cheese’s is a very “attractive” opportunity for parents to host a kids party. Of course, it is more expensive to host such a party versus having one at the house, however, all my parents were really responsible for was booking the party, watching my sugar in-take and of course, making sure I didn’t fall on my head from running around so much. Aside from birthday parties, Chuck E. Cheese’s is just a great place to take kids over school vacation or on the weekends to let them burn some energy and have fun. Its enclosed and makes for a mostly-safe environment. Chuck E.Cheese's is an "attractive" opportunity for someone looking to become a franchisee because they offer an established model with attractive unit-level profitability.
                Chuck E. Cheese has been in the news only a handful of times within the past year. This past July, the franchise updated their mascot. As most of you probably know, the mascot has always been a mouse. However, now the mouse is thinner, carries a guitar and has more of a rock-star appearance. He even has a new singing voice. The main reason for the mascot makeover was to hopefully somewhat pull Chuck E. Cheese out of a sales slump.

                The franchise fee for Chuck E. Cheese is currently N/A. However, the total cost to open one is anywhere from $1,171,500 to $1,834,500 and it can initially be bought for no money down. The liquid capital required is $800,000. The Chuck E Cheese franchisor does not offer help with financing. However, they do offer training and support through their support center. At the support center, their main objective is “to support the individuals at our restaurants who provide great service and hospitality to our Guests.”
 

fro.zen.yo


Fro.Zen.Yo is a self-sever frozen yogurt franchise that was founded in Washington DC in 2009. This company is one of the largest and fast growing frozen yogurt company in the United State capital. Fro.Zen.Yo is expanding their product across the United State and also internationally. Many customers say that Fro.Zen.Yo is a very delicious self-sever frozen yogurt company. The product produced makes the customers come back for more because they love it so much. So may say that Fro.Zen.Yo is not at “cookie cutter frozen yogurt shop” The company make customers want to come and have more. They make visiting their store a fun, unique experience. The company and franchise is made through a cool fun and also very creative type of marketing, art and exceptional service, we present an environment which is truly one of a kind company. Although there are many others frozen yogurt companies all over the United State and internationally, such as Froyo World and Peachy Keen Fro.Zen.Yo stands out differentially to me. Fro.Zen.Yo seem like it is a very warm and welcome company that accepts all of it customers equally and make customers want to come back for another visit in the future.  The customers have a “taste” for high standers for the service and also the quality of Fro.Zen.Yo’s services. They have met their customers need and fits their requirements, with many different types of flavors and toppings for each customers cravings. Fro.Zen.Yo has expanded their company in to nine new stores in the last two years in very large corporate locations in the United State and also Canada.  The creators of Fro.Zen.Yo are trying to match the excitement and energy to a city to which they can expand their product of Fro.Zen.Yo. The customers also look forward to going to Fro.Zen.Yo mainly because of their pricing on the frozen yogurt, it just makes the expectance better know that the customer is getting a good experience for something really tasty for only a little price. Every year the franchise expands and the quality and quaintly of the product gets better and better for the customers’ needs and satisfaction. Although I personally have not try or tastes the frozen yogurt from Fro.Zen.Yo I would like to try it and see if it is actually worth try and see what everyone is talking about.