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.
July 11th (7/11) is the official birthday of 7-Eleven; celebrating its 88th birthday this year.
7-Eleven, Inc. is the world's largest convenience store chain with 55,800 stores in 16 countries.
7-Eleven was the first to operate 24/7, sell fresh-brewed coffees to go, and have a self-serve soda fountains.
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! |
We help aspiring business owners realize their entrepreneurial dreams by matching them with their ideal Single Unit, Multiple Unit, Regional Developer or even Master Franchise Opportunity for an entire country. If you have that entrepreneurial spirit, give us a call, there is never a cost or obligation for our consulting services. Below are just a few examples of the hundreds of business opportunities in our portfolio.
Our Business Is Helping You Find The Right Business
Cash Needed: $40K
Total Investment: $46K-$53K
Total Locations: 165
Kitchen Tune-Up was started by Dave Haglund, a custom cabinet maker. "I wish I could keep my cabinets looking new forever" was the wish of one of Haglund's clients. Always one to put customer service first, Dave decided to see if he could create a process to maintain wood surfaces. In 1986, he did just that and started Kitchen Tune-Up. In 1988, Kitchen Tune-Up sold their first franchise. Over the years, and with the help of their franchise owners, the Kitchen Tune-Up system expanded to include redooring, refacing, new cabinets and more. For the 20th year in a row, Kitchen Tune-Up was ranked #1 in the Building & Remodeling category in Entrepreneur Magazines 2014 Franchise 500® list.
New Kitchen Tune-Up franchise owners receive an all-inclusive start-up package that includes:
- Tablet with all manuals and vendor information included
- Sales materials for all services (samples of product, software, etc.)
- Initial marketing material package (brochures, ads, internet, yellow pages, etc.)
- Initial supply of Kitchen Tune-Up clothing
- Initial product inventory for wood restoration
- Web hosting and custom designed website
Plus, a training program that includes:
- 3-Week Pre-Training Manual
- 5-Day Kitchen Tune-Up Certification Training
- 12-Week Action and Marketing Plan
- Online Training Modules
- Webinar Training on regular basis
- Annual National Reunion
- Monthly newsletters
- Weekly Emails
- Business & Sales Coaching by certified coach
If you are someone who understands and appreciates how systems work for efficient and quality work, then Kitchen Tune-Up may be the business for you.
For more information, Click here
Cash Needed: $30K
Total Investment: $50K-$100K
Total Locations: 33
Renew Crew is part of the Outdoor Living Brands family, a franchise corporation dedicated to enriching people's lives by enhancing the enjoyment of outdoor living spaces. At Renew Crew, their vision is to help their clients enjoy outdoor living by delivering a clean and protected environment that meets their family and lifestyle needs. Renew Crew is the leading national brand with a proprietary 3-step process that delivers a cleaner, greener and longer lasting clean - all without risking damage to the original surfaces.
New Renew Crew franchise owners receive five days of training that include:
- Training in Marketing, Advertising and Lead Generation
- Sales Training
- Training with their Technology Tools - including the CRM, routing software and their web-based service platform
- Human Resources practices to build the right team
- In-depth Training on their Proprietary Renew Crew 3-Step Process
- Field Training on Proper Renew Crew Clean™ Techniques, Applications and Client Care
Renew Crew is a unique, low-cost investment business opportunity that is great for individuals who would like to start their first business or an existing business owner who is considering expanding. Their high-margin, recurring revenue business model will enable you to build a business to reach your career, lifestyle, and financial goals.
The Flying Locksmiths
Cash Needed: $90K
Total Investment: $145K-$200K
Total Locations: 1
The Flying Locksmiths began with William McMenimon Sr., working out of his Jeep with a one key machine in 1946. He was training to become a pilot while working as a locksmith, hence the reason for the unusual name. He opened a small key shop in Dorchester and later moved to Randolph, where the storefront is still located 30 years later. When William retired, he passed the business down to his sons; Barry and Brad, who expanded the company into the highly recognizable Boston based business it is today. The combination of generations has created a blend of old school ideals and new age technology, resulting in a mix that offers the newest products with a friendly neighborly smile. The mission of the company is to provide top of the line security and utilizing all means of communication while staying true to family values.
On the surface, locksmithing appears to be an antiquated trade, but in actuality, it is an industry that consists of steady and profitable job margins with some of the most incredible technology society has to offer. Simple brass keys and knobs are still utilized, but are being replaced by locking hardware that interacts with smartphones. The industry is populated with numerous "Mom and Pop" operations, who may or may not be about to adapt with these technological changes. That's why The Flying Locksmiths consider it vital that all and any means of communications are utilized and new advancements in technology are constantly pursued. With this approach, they have asserted themselves as an industry leader in Massachusetts and are looking for franchisees to help them expand nationally and globally.
The Flying Locksmiths' franchise model is adaptable as an owner operator model (not working in the van), transitional model from another career, or straight ROI model with a general manager.
Cash Needed: $250K
Total Investment: $250K-$350K
Total Locations: 7
Papalani Gelato is a family-owned and operated franchisor of handmade Hawaiian style gelato, coffee, and chocolate shops which is dedicated to sharing its hand-crafted artisanal Hawaiian inspired gelato, coffees, and chocolates throughout the state of Hawaii and beyond.
Since opening the original Papalani Gelato on Kauai in 2008, owners Marck and Lauren Shipley have been constantly asked to open a location here or there within the state, and elsewhere. Customers love the Papalani
product and prefer their gelato over ice cream or other traditional frozen desserts. Their company's mission is to grow the market for artisan made products, improve the health of consumers by creating products that satisfy the desire for sweet and creamy frozen treats in a healthful manner, and support the economic development of local communities.
Papalani Gelato is very mindful of the footprint of its business activities, and is committed to developing practices in harmony with the environment and community. As food producers, they respect their sources and choose ingredients that are sound, seasonally produced, and local whenever possible.
With multiple product lines, retail and take-home offerings, private event and corporate catering, and wholesale sales to hotels and other food establishments, a Papalani Gelato franchise goes beyond a typical "frozen treat" store by generating revenue during off-peak hours.
New Papalani Gelato franchisees receive their two weeks of initial training on the island of Kauai!
|WORKOUT ANYTIME 24/7
Cash Needed: $150K
Total Investment: $450K
Total Locations: 87
WORKOUT ANYTIME 24/7 was started by John Quattrocchi and Steve Strickland - pioneers in the fitness industry since the early 1970's. John and Steve have worked with some of the biggest names in the industry, including Bally and American Fitness. True to their pioneering spirit, they are now leading the wave of the fastest-growing fitness segment by applying their winning formula of quality, value and convenience. WORKOUT ANYTIME is proof to their goal - that you can offer members first class fitness facilities at the lowest cost possible and still turn a profit.
Their mission is simple, to provide the most convenient (24/7) first class fitness experience, with the best equipment, superior service and cleanliness in a neighborhood atmosphere where everyone knows your name. Their motto is to "think big, keep it simple and do it with integrity". Founded on these principles, they are committed to enhancing the quality of life through fitness and health.
The WORKOUT ANYTIME system operates with low-overhead with the
goal to deliver high customer satisfaction. Their clubs fit into a range of retail spaces, can be run by a small staff, and offer the best workout per square foot in the industry. Top equipment is a crucial component of the WORKOUT ANYTIME formula. Steve Strickland's career experience in both the equipment and club sides of the industry has guided the equipment selection and floor plan. The WORKOUT ANYTIME fitness layout ensures that members never have to wait for the much-desired Matrix treadmills and cardio gear.
New franchisees usually join WORKOUT ANYTIME with little or no experience in the fitness industry. Some even keep their existing jobs. Yet, their turnkey systems, vendor agreements, equipment sourcing and leasing support make it easy to get started and easy to succeed.
***Regional Developer Opportunities Available***
For more information, Click here
|What is a Regional Developer or Master License?
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 single city 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