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.
Firehouse Subs was founded in 1994 in Jacksonville, FL by former firefighter brothers Robin and Chris Sorensen.
Firehouse Subs was named "Company of the Year" by KPMG in 2006, and is the "National Chain" winner of the National Restaurant Association's Restaurant Neighbor Award for community service.
Today, there are over 700 restaurant locations in 36 states and Puerto Rico. On October 25th 2015, Firehouse Subs opened their first international location in Oshawa, Ontario Canada.
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! |
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
Outdoor Lighting Perspectives
Cash Needed: $50K
Total Investment: $100K
Total Locations: 49
Founded in 1995, Outdoor Lighting Perspectives (OLP) is currently the largest, and was the first franchise system of its kind. They specialize in the design, installation, and service of landscape and architectural lighting systems for both commercial and residential customers. They also sell and install lighting control automation for interior and exterior lighting applications. In 2010, OLP added a holiday lighting program creating a "three businesses in one" approach, helping their franchise owners extend their selling season.
Outdoor Lighting Perspectives offers their franchise owners a complete system of designing both commercial and residential landscape lighting plans, installing it, maintaining it for recurring revenue, and adding additional fixtures and features over time to help grow their client relationships. This is turn-key opportunity that delivers premier outdoor architectural and landscape lighting to not just homeowners; but to hotels, restaurants, and event venues, as well.
If you have a strong commitment to delivering great service and enjoy working with new customers, then Outdoor Lighting Perspectives may be what you're looking for.
The Cleaning Authority
Cash Needed: $40K
Total Investment: $137K-$150K
Total Locations: 187
The Cleaning Authority (TCA) was founded in the Baltimore-Washington metro area in 1977 as one of the first whole house cleaning services in the region. In 1989, Steve Robinson and Tim Evankovich purchased the company and began expanding it to other regions. Today, The Cleaning Authority is widely recognized for their commitment to serving their customers with high-quality house cleaning services across the country, while using products that's friendly to the environment.
The Cleaning Authority offers their franchisees innovative methods to develop large, successful residential cleaning businesses. Their business model combines simple business fundamentals with solid systems, and an unprecedented support infrastructure, towards tremendous income potential.
You don't have to be an expert in residential cleaning services to start a TCA franchise. All you need is ambition and the willingness to put their tools and resources to work for you. TCA offers all of their franchisees thorough training and support from Day One.
If you are looking for a business opportunity that generates a healthy return on investment while providing a lifestyle that will bring you more flexible hours and free time; The Cleaning Authority may be the answer; they can offer you the freedom that comes with business ownership as well as a time-tested business model that sets you up for success.
Cash Needed: $150K
Total Investment: $135K-$203K
Total Locations: 20
Clubstore Outlet (CSO) was founded by Tapp Palmer in 2008. Mr. Palmer focused on building strong business relationships with major wholesale club retailers which allowed CSO to receive high quality overstock products so that they could resell them at deep discounts in their storefronts to the general public with no membership fees. On average, CSO resells the goods at 30%-40% below wholesale clubs and up to 50% below other retail stores. The merchandise is made up of everything from non-perishable grocery items, cleaning and paper products, clothing, furniture, small appliances, electronics, TV's, home décor, toys, patio furniture, housewares and much more.
The Clubstore Outlet business model is simple and efficiently structured to provide profitability and ease of operating management. It is a completely turnkey set-up for new franchisees with low start-up costs, complete training, and ongoing support. CSO offers a unique mix of inventory they can purchase at huge discounts from wholesale club retailers clearing out overstocked items, shelf-pulls, open box and damage box items and customer returns.
As a new Clubstore Outlet franchise owner, you will receive:
- One week of training between the Clubstore Outlet Corporate Office in Charleston, SC and your new franchise location
- 3-5 days of hands-on training to set up your store and prepare for your grand opening
- Two sessions per year of refresher/update training
- Ongoing support
Kid to Kid
Cash Needed: $75K
Total Investment: $249K-$373K
Total Locations: 86
Kid to Kid is a children's retail store that buys name brand, gently-used kids' clothes, toys, and baby furnishing and sells them at a fraction of their retail price. The product is primarily apparel with a strong mix of hard goods such as cribs, strollers, car seats, etc..
As a new Kid to Kid franchise owner, you will receive training at their corporate office in Salt Lake City, UT. During that training, you will learn how to create and operate a profitable Kid to Kid store; followed by a five-day in-store internship to help prepare for your grand opening. You will also receive assistance with:
- Site selection & lease negotiation
- Store design & construction
- Grand opening
From its proprietary software to its branding and support, the Kid to Kid franchise model provides tools to succeed even in a tough economy. Owning a Kid to Kid store not only gives you the opportunity to secure your financial future, it allows you to contribute to your community by helping families save more and waste less.
|Stratus Building Solutions
Cash Needed: $83K-$613K
Total Investment: $133K-$1.1M
Total Locations: 1242
Founded in 2006, Stratus Building Solutions was developed to provide a superior, environmentally friendly commercial cleaning experience. For the past 9 years, Stratus has developed into a household name in the janitorial industry by offering a variety of professional commercial cleaning services and 24-hour emergency services while using state-of-the-art cleaning equipment and biodegradable, non-toxic Stratus Green Clean chemicals.
The commercial cleaning industry is labeled by many economists as a recession proof industry. It is distinctive and proven in providing a continuous income even during an economic downturn. Businesses will always need to be cleaned, no matter how the economy changes.
The Stratus Building Solutions business model targets multiple recurring revenue streams, assuring a consistent income for today and into the future.
Some of the most notable benefits of the Stratus model are:
- Exclusive territories in major metro areas
- Multiple recurring revenue streams
- High volume sales potential
- High margin earnings capability
- Business-to-business sales model
- Tremendous cash flow/quick return on investment
- Monday to Friday hours of operation
- Large client base
- Leading edge in Green Clean Services
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