3 Dec, 2018 - By Adam Goldman

What’s a Turnkey Franchise?

You’ve probably heard the term “turnkey” many times and may have wondered what it means in terms of franchising. Turnkey basically refers to a franchise package so complete that everything you need to start the franchise will be done for you. On the surface, this sounds like a great idea. You pay your fee and the franchisor researches the location, signs the lease, builds out the unit, supplies you with start-up inventory, finds and trains the staff, and orchestrates the grand opening. All you have to do is “turn the key” to open your new business. Buyer Beware There are plusses and minuses to a turnkey fran

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2 Dec, 2018 - By Adam Goldman

   

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2 Dec, 2018 - By Adam Goldman

WHAT HAPPENS AFTER YOU SIGN?

Signing your franchise agreement is just the beginning First, take a few moments to celebrate! Owning a franchise business is the pinnacle of the American dream. Congratulations! The hard work is just beginning but you are now ready to take on the future and your opportunities are endless. Buying a franchise is an exciting, exhausting and exhilarating process. You started by researching a variety of franchise opportunities and found a business that seems just right. Then you attended a discovery day, paid your franchise fee and signed the contract. So far – so good. But, what happens next? Training A grea

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