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.
GNC was started in 1935 by David Shakarian - son of Armenian immigrants who were also entrepreneurs in the health food business.
GNC was originally called Lackzoom.
Today, there are over 8,800 GNC locations; 6,500 are located in the U.S. and the rest are located in 50 countries around the world.
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.
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
Cash Needed: $50K
Total Investment: $85K
Total Locations: 168
Window Genie's "Big 3" services: window cleaning, window tinting and pressure washing, provide home and small business owners a service that tackles the necessary maintenance responsibilities that most people are unwilling or unable to do themselves. With their commitments to branding, professionalism and customer satisfaction, their franchisees are able to stand out in their markets as the go-to home service providers. In addition, many of their franchisees choose to offer additional services tailored to suit their customer base. Some offer tile and grout cleaning, routine maintenance like gutter cleaning and snow removal. With Window Genie's focus on entrepreneurial-minded franchise owners, expansion of services is always open for discussion.
One of the best reasons you might consider opening a Window Genie franchise is that it is easy to get started. Window Genie is a mobile, home-based service business, and that makes it a great business in any economy.
Padgett Business Services
Cash Needed: $100K
Total Investment: $106K
Total Locations: 400
Padgett Business Services specialize in all the taxes that affect your small business: income tax, payroll tax, sales tax... any tax. Their thorough understanding of small business issues means your taxes will always be prepared accurately and promptly.
Padgett Business Services offers a fresh yet proven alternative to going into business alone. They are considered the small business experts and have been for more than 40 years. Their franchise operation began in the U.S. in 1976 and within a few years, offices were established in cities and towns across the country. Since then, they have grown to become the major supplier of financial services to their market segment. As a franchise operation, they have helped hundreds of budding entrepreneurs like you, turn their dreams of running their own business into reality.
* Your existing business expertise
* Your entrepreneurial ambitions
* Your desire to grow your own success story
* A solid and stable platform on which to build
* Their extensive knowledge of the market
* The Padgett brand
* Instant Creditability
* Their proprietary tools and systems
* Training and support
If you want to use your skills to build a business, Padgett Business Services, is an ideal tax franchise opportunity.
Cash Needed: $130K
Total Investment: $130K
Total Locations: 194
Tailored Living featuring PremierGarage has the strength of 20+ years of franchising experience behind it as one of the family of brands of Home Franchise Concepts (HFC). Each of their independently owned and operated franchise locations provides the very best in high-quality storage and home organization systems for homes and businesses. Through free, in-home or on-site consultations, expert measurements, innovative designs and professional installations, your home or business transformation is custom-tailored to your needs and specifications.
Tailored Living featuring PremierGarage is the right concept at the right time. As consumers hold on to their homes longer, start families or welcome elderly parents into their homes, they begin looking for ways to maximize space. This is fueling the tremendous growth of the home organization industry: an industry that is projected to increase 4.0 percent annually to $9.4 billion in 2017*.
Tailored Living began operations in 2010 when HFC combined two established brands, Closet Tailors and Premier Garage, into a new company. Today, Tailored Living is the largest whole-home organization company in the nation with over 175 franchise locations across the U.S. and Canada.
Tailored Living franchisees receive unparalleled training and support from a leader in the home improvement industry. They also provide their franchisees with D'Vinci software that helps customers envision their storage solutions during in-home consultations. With your skills and their brand strength, you can work together to reap the benefits of the growing home organization market.
Cash Needed: $70K
Total Investment: $84K-$346K
Total Locations: 140
KonoPizza is created like every authentic pizza, from a dough of water and flour that is kneaded and then allowed to rise, after which it is made into a magical cone, ready to be baked. The preparation is simple and the recipe is not a secret. An abundant filling of wholesome ingredients makes KonoPizza an extraordinary product, ready in only 3 minutes!
Originally created by the Master of Culinary Art - Rossano Boscolo in 2002, the 'Pizza da Passeggio' (walkaway pizza) in the form of a cone, is the result of advanced studies and research both of a culinary nature and in terms of technological innovation. Immediately at the presentation of the KonoPizza idea at the Triennial Exhibition in Milan in April 2004, the project proved highly successful and enjoyed rapid growth leading to the opening of numerous locations both in Italy and abroad right from the first year and subsequently continuous, constant growth.
KonoPizza, the first and only pizza cone franchise, is an established internationally tested and proven concept with 140 locations across 20 countries. KonoPizza fills a unique niche in the fast-casual pizza market offering American consumers a healthier and portable alternative to a traditional triangle or square slice of pizza - the pizza cone.
There are more than 70,000 pizzerias and fast-casual pizza joints, but no other franchise in the U.S. has a product like KonoPizza. KonoPizza offers entrepreneurs the opportunity to get in on the ground floor, with an innovative franchise in the quick-serve pizza segment - a concept that's already been proven successful around the world. KonoPizza USA has three business models including traditional kiosk formats, stand-alone stores and food trucks. Their mission is to keep everything simple and affordable.
The KonoPizza trademark, in the continuum of the history of the Pizza, the symbol of Made in Italy worldwide, offers an incredible opportunity for success to all those who want to take advantage of a 'real business opportunity'.
Cash Needed: $100K
Total Investment: $225K-$325K
Total Locations: 36
Children's Orchard is an upscale resale store that offers a new and fun shopping experience for both parents and kids. Because children so often outgrow their clothes before they are hardly worn, their stores provide a solution for customers to sell their items for cash and buy like-new items for up to 70% off of the original retail prices. Their stores feature bright colors, a clean, fresh scent and are designed to make shopping simple because items are easily accessible and meticulously organized. And all clothing, accessories, toys and baby equipment are high in quality and in great condition.
To help make shopping a bit less stressful, each Children's Orchard has a fun and safe play area where kids can watch videos, use toys and just hangout while their parents shop. Dressing rooms are large so families are comfortable when trying on items to make sure they fit.
The unique resale concept of Children's Orchard serves local communities by promoting the reuse of quality goods, which benefits the environment, and buying inventory directly from customers, which puts money back into the pockets of people within the communities.
The way kids outgrow clothing and toys, and parents' need for necessities for their children as they grow - it just makes good sense. Children's Orchard continues to gain customers, and repeat customers, who have shared their great experiences at Children's Orchard with their friends.
Children's Orchard's started franchising in 2014. Out of thousands of different franchise opportunities in the U.S., Children's Orchard has positioned itself for great interest and fast growth. As families grow, the business can grow right along with it.
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|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 firstname.lastname@example.org
Our Business Is Helping You Find The Right Business