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.
Johnny Rockets was first opened by Ronn Teitelbaumon in Los Angeles, CA on June 6, 1986.
Their hamburgers are fresh and never frozen. Their milkshakes are handmade with their proprietary blend of extra fancy Danish vanilla ice cream and milk.
Today, Johnny Rockets has 330 corporate and franchise-owned restaurants in 32 states and 27 countries.
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! |
Our newsletter is designed to help educate and inform individuals who are considering business ownership. Each month, five business opportunities are selected from our database of hundreds to feature in detail and fitting a variety of financial objectives and skill sets. If you have that entrepreneurial spirit, give us a call. There is never a cost or obligation for our franchise consulting services.
Our Business Is Helping You Find The Right Business
The Grout Doctor
Cash Needed: $20K
Total Investment: $20K-$40K
Total Locations: 78
Founded in 1992, The Grout Doctor is a home-based mobile franchise business specializing in renewing existing tile, grout and natural stone to its original beauty for residential customers. The Grout Doctor franchises may also offer commercial grout and tile care, natural stone refinishing, permanent protective coatings and other supplemental services. Rated as one of the top franchises in North America by Franchise Business Review in 2010 and 2011, The Grout Doctor is proud to be the largest, most experienced and recognized brand in its industry.
The Grout Doctor is a flexible home-based family-friendly business. Their statistics show that the flexible schedule of a mobile Grout Doctor franchise provides the potential to accommodate their families, fits into their lifestyle and reaches their desired level of work-life balance.
- 73% of all Grout Doctors are married.
- 45% have families with children less than 18 years of age.
- 50% of all Grout Doctors are husband and wife teams.
- 16% have other family members working in the business.
As a new franchise owner, you will receive 80 hours of training over a 10-day period. Your training will cover how to perform The Grout Doctor Services, business and financial management, and advertising. Once you have complete and pass your training, your Grout Doctor franchise is ready to open.
For more information, Click here
Cash Needed: $85K
Total Investment: $85K-$125K
Total Locations: 136
Miracle Method is the nation's largest surface refinishing organization. Their franchise network started over 30 years ago and has grown to more than 125 franchises across the country; making Miracle Method larger than the next three biggest refinishing franchises combined. Miracle Method fills a unique niche that thrives in any economy. They focus on bathroom and kitchen remodeling without costly and messy replacement. Their expertise is refinishing bathtubs, sinks, showers, tile and countertops.
Many of the reasons that make Miracle Method a great franchise opportunity are:
- Great Sales Potential
- Recession Resistant
- Proven Success
- Low Initial Investment
- Fast Ramp Up
- Better Margins than most franchises
Miracles Method's training and support systems guide their new franchisees through the setup of their new business and provide 20 full days of training. They will also help with creating a marketing plan and provide all the marketing and advertising tools needed; including a local website along with national advertising.
Miracle Method shows commitment to the continued growth of their franchise owners by offering regional workshops, a national convention, along with a comprehensive online manual for easy reference.
Cash Needed: $100K
Total Investment: $78K-$186K
Total Locations: 27
Wholesome Tummies was founded in 2007 by two moms driven to see a change in the quality of the food that we feed our families. Pregnant and working at the time, the two women were strapped for time to prepare healthy foods at every meal. With few convenient options for fresh, minimally processed foods, they decided to take matters into their own hands.
They started by working with schools in their hometown of Orlando, Florida. The response was nothing short of incredible and the business quickly grew from serving 5 to 25 local schools. Then came requests from cities across the country, and in late 2009 the franchised healthy school concept WT Café was born.
Since then, the company has expanded nationally through franchising. Together with its franchise owners, WT Café provides a timely solution to the single biggest health crisis facing our generation and a vehicle for entrepreneurs everywhere to make a difference in their own backyards. But schools are just the beginning. At Wholesome Tummies, they believe easy and convenient access to pure, made from scratch foods is a universal right of everyone.
Wholesome Tummies offers a unique central-supply operating system through the traditional "Hub and Spoke" franchise model. What is Hub and Spoke? Put simply, made from scratch kids' favorite foods
are produced in one central kitchen (The Hub). Franchise owners can rent their own kitchen space or outsource food production to a local catering company. Franchisees do not need food experience! Food is then distributed to their network of schools (The Spokes). In addition, Wholesome Tummies offers multiple products for increased income stream potential to achieve even greater returns for a franchise owner's investment.
Wholesome Tummies has the systems, software, recipes, training, marketing, and operating standards that will help new franchise owners build a successful business. With their business model, every school is their target - public or private, preschool through high school, family style or individual portions, enrollments of any size, even schools with or without a kitchen.
Cash Needed: $50K
Total Investment: $225K
Total Locations: 187
Complete Nutrition is a network of high-quality nutritional supplement retail stores whose mission is to create safe and effective weight loss management, sports nutrition and general health programs to help customers look better, feel better and perform better.
Started in 2004, Complete Nutrition is now one of the fastest-growing franchises in the nation. Complete Nutrition eliminates the clutter and focuses on providing personal service, less intimidating store environments, and truly great products to help people live and breathe a healthy lifestyle. Staff members are made up of athletes, certified personal trainers, nutritionists, and other people with experience in the fitness and health supplement retail industry.
Complete Nutrition also works with various health care providers, nutritionists and chemists to develop the highest-quality formulations for supplements. These products are exclusive to Complete Nutrition and serve as a customer's best weapon in boosting their results and reaching their goals.
As a new Complete Nutrition franchise owner, you will receive:
- Sight Selection and Lease Negotiation Assistance
- Self-paced Pre-Classroom Training
- Classroom Training at their Corporate Office (includes 5 days of classroom training and hands-on training in their company stores)
- New Store Opening Support and In-Store Training provided by their Field Consultants and Trainers
- Ongoing Training with their online Become Complete University (BCU) and Field Consultants
|Gravity Extreme Zone
Cash Needed: $500K
Total Investment: $1.5M-$2.5M
Total Locations: 1
Gravity Extreme Zone is an indoor trampoline and adventure park that boasts 32,000 square feet of custom made attractions that will excite thrill seekers of all ages. Set in a family-friendly and super fun atmosphere that is dedicated to one thing: lots of fun for everyone.
What makes Gravity Extreme Zone Adventure park a better investment than any other indoor park? It is one of the largest indoor park featuring thrills such as: Skywalk, bungee jumping, unique climbing elements, largest foam pit (with Gladiator fight, monkey bar, slide, fidget ladder) and over 12,000 square feet of connected world class trampolines. Gravity Extreme Zone promises to be exhilarating, challenging and a whole lot of fun for everyone.
As new Gravity Extreme Zone franchise owner, your total investment includes:
- Complete Layout and Design; each facility is unique with no two parks alike
- All Equipment and Furnishings
- Training of Your Staff on how to run and manage the facility
- Recommendations on Site Selection with Lease Negotiation Assistance
Gravity Extreme Zone is not a cookie-cutter bounce house. Your new facility will be a one of a kind adventure park like no other.
For more information, Click here
|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 Helping You Find The Right Business