The Krystal Klear Water franchise specializes
in providing clean, mineral-rich drinking water to their customers through
specialized water filtration systems. Franchisees provide water contamination
testing, preventive maintenance, and in-home, naturally purified water. The
health and fitness nut will love this franchise because Krystal Klear's water
systems have less pollutants than the competition. The systems are also low
maintenance and do not add salt to the water like other water softening
systems. This residential water filtration supplier targets an annual market
size of approximately $2.6 billion, with sales growth projected to grow at
rates of 6-8% per year. Sounds like the same amount some gym rats spend at
GNC each month.
Fearing the debate would never end (and with our coffee running out), the
staff finally settled on the following (admittedly unscientific) criteria:
size and longevity of operation, visibility of brand, and -- quite honestly --
how compelling we found the founder's success story. If our internal
discussion about this list serves as any indication, many readers will feel we
snubbed their favorite franchise founder (and someone on our staff will
probably agree). So, if you think we missed someone, leave a comment below,
and let the debate begin!
There are a number of reasons why a franchise can fail. Some of the reasons are based upon a lack of capital and/or particular skills necessary for a particular franchise to be successful. On the other hand, there may be factors that are out of the franchisee's control: a franchise program that has a lack of customer demand or a poor product, for example, can lead to failure despite the franchisee’s best efforts (another example of why the franchisee should have done their research before investing).
To begin my new weekly column for
FranchiseHelp.com I will be writing a series of articles covering some basics
and need-to-know information for each of the twenty-three Items of the
Franchise Disclosure Document (“FDD”). I will try to be as non-technical as
possible, and will try to provide insight and information that is useful for
both franchisors and prospective franchisees. Nine weeks from now, you may
have a slightly better understanding of the core elements of the FDD.
In order to decide which alternative (franchise vs. standalone startup) is the
wisest choice for you, you need to understand the advantages and challenges of
both options.
The Potbelly’s train is firing on all cylinders and has successfully
penetrated the uber-competitive fast casual sandwich sector. Potbelly sells a
basic sub (PBJ, Pizza, etc) with relevant options (health, supremes) and
offers an awesome dining experience. Their main target demographic is the
lunch market, and their lunch lines are often out the door. Their menu
includes soups, shakes and salads in addition to subs and the old-wood decor
and live music make for a warm, neighborhood feel. Atmosphere is only the
beginning though. Their products are well-crafted and satisfying. The quality
of their ingredients is a cut above, yet price remains similar to that of
their competition.