The brand of adult shop that the newlywed couple launched after returning from
a year-long tour of duty in Iraq was inspired by what made them uncomfortable
about other adult shops.
A franchise is only as good as its brand name, which eventually determines the
performance and success of other franchisees within the system. Aside from
happy franchisees and a strong brand, another indicator of a strong franchise
is one that utilizes a broad recruitment process, which at some point replaces
the selling process so only the best prospects gain entry into the system.
Item 20 consists primarily of 5 tables that provide information on the number
of franchised and company-owned outlets operating under the franchisor’s brand
and business system.
The Franchise 500 list is the most well-known and commonly cited of the
various franchise rankings, but some confusion surrounds the methodology
behind Entrepreneur's ratings. Through a series of articles on
FranchiseHelp.com, we'll take a closer look at what goes into compiling these
rankings (those from Entrepreneur and those from other sources) and what a
prospective franchise buyer can glean from them when trying to make an
informed decision about joining a particular franchise system.
These excuses are usually first heard when I meet with a franchise owner who
is now asking for advice regarding their dissatisfaction with their franchise
relationship. Too late. That is, sometimes it is too late to help them.
In Item 17 of the FDD, franchisors are required to provide summaries and
cross-references for 23 key provisions in the franchise agreement. A careful
franchise prospect will have the entire franchise agreement reviewed in-depth
by an experienced franchise attorney, but the Item 17 disclosures can provide
a quick guide to use in a preliminary analysis of the franchise opportunity.