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.
The first Melting Pot restaurant opened in April of 1975 in Maitland, FL.
In 1985, The Johnston Brothers purchased all rights to The Melting Pot brand and established The Melting Pot Restaurants, Inc., the new franchise company.
Today, there are more than 125 locations across 35 U.S. states, Canada, Mexico, Southeast Asia and the Middle East, and more than 15 locations in development internationally.
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 Holidays! |
At Quest, we've helped many aspiring business owners realize their entrepreneurial dreams by matching them with their ideal Business or Franchise Opportunity. If you're ready to take control of your future, and have that entrepreneurial spirit, but need help finding just the right business, 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 that we work with.
Our Business Is Helping You Find The Right Business
Oxi Fresh Carpet Cleaning
Cash Needed: $33K
Total Investment: $50K
Total Locations: 278
Oxi Fresh Carpet Cleaning is a revolutionary carpet cleaning company that is committed to being "green". Their carpet cleaning technology creates a powerful, oxygenated cleaning system that breaks down spots so that they can be effectively removed from the carpet pile. Plus, their "green" carpet cleaning is safe for children and pets, leaves no sticky residue, and has a fast one-hour dry time! Oxi Fresh also offers upholstery cleaning, sandless wood floor cleaning, and tile and grout cleaning.
Oxi Fresh Carpet Cleaning is a business built simply on success, freedom and flexibility, delivering their franchisees the ability to own their own business, create their own work schedules and gain a direct path to financial freedom. The many benefits of owning an Oxi Fresh Carpet Cleaning franchise are:
- Great exclusive and protected territories
- Low cost of ownership
- On-going, recurring revenue streams
- Easy operation and low overhead
- Effective marketing plan
- Start-up support, training and on-going operational support
- Additional revenue services available
- Live scheduling center
American Prosperity Group
Cash Needed: $100K
Total Investment: $100K
Total Locations: 21
American Prosperity Group (APG) specializes in Retirement & Estate Planning. At APG, they build relationships based on trust; provide outstanding Retirement & Estate Planning services, while offering strategies, techniques and a diversified range of financial products from leading companies. They never charge a consultation fee nor do they obligate their clients into brokerage based wrap accounts with on-going oversight fees; this is what sets them apart.
American Prosperity Group is America's premier Retirement & Estate Planning franchise, currently offering opportunities to select individuals. They are a financial franchise looking for driven entrepreneurs who have absolutely no experience in the financial services industry.
As a member of the APG franchise network, you will benefit from their financial planning workshops, sales and overall consulting experience. Their seasoned team of professionals is dedicated to serving you. The franchise support services you'll receive include:
- Comprehensive training
- State-of-the-art website
- Operations manual
- Company intranet system
- Ongoing service and support
At American Prosperity Group, they are continually researching and seeking out the finest financial products & services in the industry so you will be able to offer your clients a wide variety of the very finest financial products and services from the very best companies in the industry.
Cash Needed: $50K
Total Investment: $77K-$163K
Total Locations: 2
JunkAway is a junk removal and hauling company. Their junk removal and hauling services are a very affordable alternative to getting dirty and lifting heavy materials that should be left for the professionals. Just point to the junk, rubbish or waste that you want to get rid of, and their uniformed workers will load it on the truck. JunkAway brings all the junk back to their warehouse, sort it, recycle and donate what they can, and only then do they take what's left to the landfill.
JunkAway sets themselves apart from the competition by being prompt, courteous, and caring. The company was founded on three goals/principles in mind; to be profitable, expandable and charitable. The many reasons to become a JunkAway franchise owner are:
- Growing and expanding industry
- Everyone has junk!
- Serve residential, commercial and governmental customers
- Multiple income streams-hauling/removing and recycling/resale
- 70% of items collected are recycled, re-purposed, or donated
The junk removal service industry is fairly new; there are just a few franchised companies that offer this service. JunkAway offers their franchisees competitive franchise fees, extensive training and turn-key operations. Their vision for their franchisees is to provide the customer with a junk removal and hauling service in a caring, compassionate, and professional manner; and to leave every customer happier than when they arrived.
Great Wraps Grill
Cash Needed: $100K
Total Investment: $350K
Total Locations: 80
The Great Wraps Grill is a quick serve restaurant that combines a hot/modern look, with fresh-grilling, high-quality ingredients, reasonable prices, and the (very popular) ability for customers to customize their selections. Their menu features chef-created hot wraps, grilled cheesesteaks & sandwiches, healthy bowls, and a full, made from scratch breakfast. Everything is made to order, with only fresh ingredients, meats hot-off-the-grill, hand-crafted sauces, and it all comes fast and hot.
Healthy living is no longer a trend; it's a way of life. People are more aware now than ever how exercise, work-life balance, and what they eat impacts how they feel and their long-term wellness. For the past two decades, Great Wraps Grill has celebrated the notion that you don't have to sacrifice flavor for the sake of eating well. Great Wraps utilize the latest methods in oven-based "green technology" cooking, allowing guests to enjoy their chef-created menu items without the need for fryers or microwaves. Innovation, health, and excellence are the core values that they embrace in each decision they make.
As a new Great Wraps Grill franchise owner, you will receive:
- Established training program
- Back office support systems
- Effective local marketing
- Great site selection
- Cutting edge operation
- Constant research and development
Great Wraps Grill has been consistently ranked among the top franchises in the country. Their superior menu offerings and dedication to their franchise partners is top-notched. Great Wraps Grill is actively seeking business leaders across the nation who share their values for excellence, customer service, aggressive growth, and the desire to succeed.
Cash Needed: $350K
Total Investment: $600K-$2.2M
Total Locations: 32
Native Grill & Wings is a sports-themed, family-oriented, casual dining restaurant. It all started in 1978, when Floyd and Judy Anderson, along with their four daughters, moved from Buffalo, NY to Arizona to follow their dream of owning and running a restaurant. They bought a small local pizza joint, renamed it "Native New Yorker". After months of terrible sales, long hours, and a roller-coaster of emotions, Judy had an epiphany: chicken wings! The Andersons were the first to bring wings to Arizona, and they were an instant hit. Native New Yorker began receiving awards for their wings almost immediately, became an Arizona favorite.
In 2014, Native New Yorker officially shortened its name to Native Grill & Wings ("Native"), and gave the logo a much needed facelift. These days, the Andersons, together with a strong leadership team and a growing group of franchisees, is expanding Native Grill & Wings and receiving nationwide recognition. Recently named on Restaurant Business Magazine's Future 50, Native has become known as a polished sports grill that proudly offers 19 wing flavors that the guests can order "by the each".
All new Native Grill & Wings franchise owners will receive:
- Six months of initial training
- Ongoing operational and marketing support
- Lease/purchase negotiation assistance
- Site selection assistance
- Grand opening promotions assistance
If you would like to open a food concept franchise that provides guests with excellent service, exceptional food, and a memorable experience, while continuing to be the "Coolest Place for the Hottest Wings", then Native Grill & Wings is for you!
For more information, Click here
|What is an Area Representative or Master License?
Some franchises have opportunities known as Area Representative or Master Franchise Licenses. An Area Representative License 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 Franchise Licenses 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 an Area Representative or Master Franchise opportunity can start as low as $150K depending the franchise, the size of the population and the 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 email@example.com
Our Business Is Helping You Find The Right Business