Use Your IRA/401K
to Fund Your Business
If you have retirement funds that you have not yet paid taxes on, you can access those funds to capitalize a business. You can then use those funds to buy a business, for any business expense, and to pay salary!
You are in control, you decide how much of your retirement funds you wish to use for the business. When working with a company that specializes in this funding option, and follows all of the IRS guidelines, you are able to buy a business Debt Free and Equity Rich (from the rollover of your IRA/401K funds). Additionally, you'll have a new 401K/Profit Sharing Plan that you can begin to contribute Tax Deferred.
to learn more about using your retirement account and other funding options that are available.
Five Guys was first opened in 1986 by The Murrell's Family.
The "five guys" refer to founder Jerry Murrell's five sons Jim, Matt, Chad, Ben, and Tyler.
There are over 250,000 possible ways to order a burger at Five Guys.
The Fear Factor of Buying a Franchise
Author and Philosopher Bertrand Russell once said "To conquer fear is the beginning of wisdom."
Buying a franchise is one of the biggest decisions you will ever make, so feeling fear is not only normal, it is entirely appropriate to the situation.
Who has fear? Everyone! Fear prevents us (most of us, anyway) from jumping out of a moving car or going over a waterfall in a barrel. Fear helps us make choices that are less likely to endanger our lives. Fear also prevents us from gambling our life's savings on a horse race or marrying someone we've known only a few days.
However, when we feel we have enough information about a subject, we can often get over fear and do things that were beyond our comfort zone.
If you are one of those people who has done your homework and found the franchise opportunity you've always dreamed of but can't seem to commit to a decision, then the final doubts you have are probably about your own abilities rather than the franchise itself.
This is where a qualified franchise consultant can help you. By assessing your interests, skills and experience, a consultant can guide you to a decision where risks are at an acceptable level and the benefits, while not certain, are well worth the effort.
The only problem with fear is when you allow it to stop you from doing something you know will make a positive difference in your life. Don't let fear stop you from reaching your goals!
1. Work with a consultant, he/she already knows the answers to most of your questions.
2. Take your time.
3. Identify your financial goals.
4. Understand your marketplace.
5. Compare several franchise options.
6. Attend the Discovery Day.
7.Validate information with current franchisees.
8. Consult with a franchise attorney prior to signing any documents.
9. Begin your journey as a successful business owner.
Did you know...
One out of every 12 businesses operating today is a franchise.
What are some of the benefits to owning a franchise?
1. It's an established, successful brand.
2. There are proven operating systems in place.
3. Volume purchasing power.
4. Shared experience with other franchisees.
5. Formalized training and marketing programs to help ensure your success.
|Happy New Year! |
This newsletter is designed to help educate and inform individuals considering business ownership. Each month, five business opportunities that fit a variety of budgets and skill sets are selected from our database of hundreds to feature in detail. Our goal is to demonstrate that there is a business opportunity for anyone who has the entrepreneurial spirit. If you would like to explore your options, give us a call. There is never a cost or obligation for our franchise consulting services.
Our Business Is Finding You The Right Business
AmeriSpec Inspection Services
Cash Needed: $25K
Total Investment: $50K
Total Locations: 560
AmeriSpec Inspection Services is a home inspection service company that is part of the ServiceMaster Family of Brands which include ServiceMaster Clean, Furniture Medic, Merry Maids, American Home Shield and Terminix.
The AmeriSpec Home Inspection is a visual inspection of over 400 items such as the property's foundation, roof, and structural components, plus its visible electrical, plumbing and mechanical operating systems. AmeriSpec's inspectors are well-trained and certified. Their detailed inspection findings are packaged in an attractive and easy-to-reference AmeriSpec Report that features a comprehensive evaluation of the home, a Home Maintenance Manual, and a Seasonal Maintenance Checklist.
AmeriSpec offers their franchisees the best training in the industry by combining classroom instruction, in-field inspections and hands-on technical training in their state-of-the-art facility, led by instructors with a combined 60 years of experience.
The home inspection business is growing again as resale home sales are increasing each month. This franchise is ideal for someone who either wants to operate it as an owner-operator or grow it by adding inspectors.
For more information, Click here
Patrice & Associates
Cash Needed: $59K
Total Investment: $65K-$150K
Total Locations: 33
Patrice & Associates Hospitality Recruiting is one of the largest restaurant and hospitality recruiting firms in the country. Their team of restaurant and hospitality recruiters has strong industry experience and have included backgrounds such as Vice Presidents, District Managers, Managing Partners, Chefs and General Managers from restaurant and hotel concepts such as The Cheesecake Factory, PF Chang's, Ruth's Chris Steakhouse, Marriott Corporation, Red Robin, TGI Fridays, Arby's, Applebee's, Friendly's and YUM Brands.
Patrice Rice, the founder, personally trains new franchisees for a week at their training facility in Maryland. Patrice will teach you how to recruit, role play, and let you practice. You will also receive hands-on training on their operational software, approved methods and systems for identifying suitable candidates, fees paid for candidates, fee splitting and fee overrides, and other standard elements of the recruiting business. You will leave training not only fully operational but also with a complete step-by-step manual for reference.
As a Patrice & Associates franchise owner, you are a recruiting manager with your own defined territory. You work to connect your client companies with qualified management candidates. You can use your expertise in the hospitality field to help others find new careers and enjoy the benefits of working from home with flexible hours.
***Regional Developer Opportunities Available***
CPR Cell Phone Repair
Cash Needed: $85K
Total Investment: $101K-$264K
Total Locations: 183
Cell Phone Repair (CPRŽ) provides on-premise repair of cell phones, iPads, game systems and other electronic gadgets from franchised locations that offer "while-you-wait" service. Specializing in water damage, charging ports, broken LCD's and much more, CPRŽ has the capability of fully restoring damaged devices in-store and usually in under an hour.
Cell Phone Repair (CPRŽ) franchise owners are uniquely positioned to capitalize on our society's growing gadget dependency - cell phones, tablets, gaming systems and computer systems. The CPRŽ business model enables franchise owners to operate four key profit centers:
- Device Repair Services
- Buy/Sell/Trade Service
- Accessory Sales
- B2B National Accounts
Being the largest franchise of its kind, CPRŽ offers distinct advantages over the competition, such as:
- Greater brand awareness
- Stronger internet presence
- Lower parts pricing through their preferred supplier relationships
- Sophisticated point-of-sale (POS) and other operational technologies
As a new franchise owner, you will be enrolled in CPRŽ University, their initial training program for both franchise owners and their technicians. While you are learning about business planning, operations, inventory management, their POS system and human resource management, your initial technician(s) will be in their in-house lab learning to do repairs. Following your initial training, a Home Office representative will visit your location to assist with store setup and your grand opening.
|The Lash Lounge
Cash Needed: $100K
Total Investment: $250K
Total Locations: 11
The Lash Lounge™ is a high-end, beauty salon specializing in semi-permanent eyelash extensions. Their mission is to provide each client with a low-maintenance beauty routine, a simplified lifestyle and a new definition of confidence. The once well-kept Hollywood secret has become a regular beauty treatment for women across the world and more women are discovering the benefits of eyelash extensions everyday. Anna Phillips founded The Lash Lounge™ because she recognized a need for a service that gives the everyday woman a glamorous appearance and saves time. The Lash Lounge™ salon design seamlessly combines private beauty service rooms, an exclusive Lash Lounge™ makeup counter and a clothing and accessories boutique - making it a one-stop-shop. They focus on providing amazing customer service by building personal connections with each person, treating every customer like a special guest and creating a relaxing escape from daily life.
The Lash Lounge is the first salon franchise of its kind and pioneer of a new niche in the $59 billion dollar beauty industry. The Lash Lounge has gained public trust as the place to go for eyelash extensions and a unique customer experience. The full scale salon model encompasses up to four revenue streams to maximize earning potential - eyelash services, a trend retail boutique, a private label cosmetics line and permanent makeup services. The award winning salon design seamlessly blends a makeup counter, boutique and seating area at the entrance of the space which flows into private treatment rooms at the rear.
As a new franchise owner, you will receive information on comprehensive marketing, employee management preparation, unit economics and operations coaching before attending your first week of hands-on training at their Corporate Headquarters. The week at Headquarters will be spent training on services application, their POS software systems, running through hypothetical protocol, and finalizing all material and planning in preparation for your salon opening. You will also have the opportunity to work in a Corporate Lash Lounge salon. After your training at Headquarters, you will continue to receive weekly support calls and will move forward with hiring additional employees before a soft opening. During the soft opening week, Corporate will provide you with an additional 5 days of on-site training for services and operations at your location. An operations trainer and a services trainer will be on-site with you to enure a successful grand opening.
For more information, Click here
Bananas Smoothies & Frozen Yogurt
Cash Needed: $22K
Total Investment: $285K-$434K
Total Locations: 53
The refreshing fruit smoothies, hand rolled pretzels, cool fresh fruit frosties and delicious frozen yogurt at Bananas make for the perfect assortment of fun treats. Bananas will delight the entire family with products that offer traditional goodies and health conscious options, as well. Founded in 1979 as Everything Yogurt, Bananas has evolved to become the ultimate place for fun food.
Bananas is part of Villa Enterprises. Villa Enterprises started as one store in Manhattan in 1964, expanded to 100 stores by 1998, and is now one of the best QSR (Quick Serve Restaurant) franchise opportunities with more than
370 locations and counting. Their success and development has been built not only by their corporate office, but also through the loyal and hardworking franchisees who love being their own boss and managing their own future. When you join the Villa franchise family, you get a devoted support team ready to assist you through the entire process and lead you down a path of success.
As a Bananas' franchise owner, you will receive Villa Enterprises' sound operational knowledge as well as expertise in best practices and procedures for opening and sustaining a profitable food service business. Villa Enterprises will also assist you with:
- Site selection
- Lease negotiation
- Equipment ordering
- Training and Support-three weeks of intensive, hands-on training at Villa University
- Grand opening
- Marketing and promoting
- Research and development
- Purchasing power
If you've always wanted to open a restaurant franchise, why not open one that has 50 years of experience behind them?
|What is a Regional Developer or Master?
Some franchises have opportunities known as Regional Developers or Master Franchises. This involves the development of a geographic region that can be as small as a portion of a state or as large as an entire state. While Master Franchises are normally reserved for the development of an entire country. You purchase the right to develop a designated area and share in the franchise fees and royalties with the franchisor. You work closely with commercial real estate agents, business brokers and consultants in the development of your area. The investment needed to secure a Regional Developer or Master Franchise opportunity can start as low as $150K depending on the franchise and geographic area.
If you would like to learn more about this month's Featured Business Opportunities or have questions about business ownership, you may contact me directly by calling the number below.
Quest Franchise Advisory Group
Direct: 770-910-7767 ext. 101
We hope you find our newsletters informative and invite your suggestions and comments by emailing firstname.lastname@example.org
Our Business Is Finding You The Right Business