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.
Freddy's Frozen Custard & Steakburgers was co-founded in 2002 by brothers Bill and Randy Simon, they named the restaurant after their father, Freddy; a World War II veteran.
Freddy's began franchising in December 2004.
Today, they have over 150 locations nationwide.
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 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
WIN Home Inspection
Cash Needed: $8K-$15K
Total Investment: $37K-$53K
Total Locations: 184
WIN Home Inspection (WIN), founded in 1993 in Seattle, WA., has developed a network of home inspection professionals, making it one of the fastest growing home inspection companies today. WIN began the home inspection business franchises in the Pacific Northwest and within a year, not only dominated this regional market but has since expanded across the U.S. with 184 locations in 28 states. With environmental concerns on the rise, many WIN inspectors have home inspector training and are qualified to perform mold screening, radon testing, sampling for lead in water, water quality analysis, septic and well system evaluations, and swimming pool inspections, in addition to a complete array of home inspection services.
WIN Home Inspectors operate as strategic partners, not as competitors. If one WIN owner is completely booked on a day when one of their real estate agents needs to schedule a home inspection, they will refer the job to another WIN owner who is available. If a WIN owner wants to take a week off for a family vacation, they can ask other WIN owners to take care of the inspection requests for that week. WIN franchise owners control their own schedules.
WIN franchise owners work from home and have very low overhead - not much more than the cost of a vehicle and gasoline, internet and a cell phone. Most are owner-operators, so they don't have to worry about payroll, hiring, firing or human resources expenses. You keep most of what you earn!
THE MAX Challenge
Cash Needed: $80K
Total Investment: $100K-$150K
Total Locations: 72
THE MAX Challenge is a 10-week body and mind renewal system. This system is designed to make fast and lasting changes to your appearance and overall well-being. "THE MAX" does this by combining nutrition counseling, fitness classes and motivation. Being part of "THE MAX" is like having a personal trainer, nutritional counselor and success coach.
THE MAX Challenge for the mind, body and spirit inspires everyone NOT to settle for mediocrity and to push themselves to reach personal health, fitness and wellness goals that they have previously considered out of reach. Many of their members report an increase in energy, confidence and well being; not to mention looking better in a bathing suit!
THE MAX Challenge is looking for franchise owners who are:
- Experienced in Sales or Marketing with Management experience
- Results oriented
- Relationship builders
- Leaders & Motivators
- Driven to excel
THE MAX Challenge has a low entry fee and is a total turn-key operation with low monthly overhead, consistent revenue stream, and detailed training & support - pre and post opening. If you're an individual who is passionate about making a difference in other people's lives then THE MAX Challenge is perfect for you!
Cash Needed: $100K
Total Investment: $97K-$166K
Total Locations: 10
Concrete Craft, formerly known as All American Decorative Concrete, was founded in 2006 by two passionate entrepreneurs named John Kostro and Dan Lightner. Their vision was to create the first national decorative concrete franchise that makes the customer a top priority by delivering one-of-a-kind products at the fairest price. Concrete Craft specializes in stamped concrete, stained concrete and decorative concrete overlay services for both residential and commercial properties. In the last decade, John and Dan's dedication to research and development has resulted in the creation of highest-quality concrete materials and methods.
Decorative concrete overlays can be used for:
- Pool Decks
- Fire Pits
- Concrete Artistry
The benefits of becoming a Concrete Craft franchise owner are:
- Low cost of entry
- Home-based business with low overhead
- Family-friendly business - no holidays, weekends or after hours
- No national franchise competition
- No concrete experience necessary, complete training included
- Multiple revenue streams, residential and commercial
- Emerging niche market growing at 5% annually
By becoming a Concrete Craft franchise owner you get to reap the rewards of business ownership in a $1 billion industry. You will be part of the nation's largest decorative concrete franchise and use proprietary product blends to create one-of-a-kind surfaces for homes and businesses. You will be backed by the home services leaders of Home Franchise Concepts (HFC). HFC's other brands, Budget Blinds and Tailored Living, are some of the largest and most respected in their categories. With the experience and innovation of HFC behind you, your franchise business will be on solid footing from day one.
Cash Needed: $150K
Total Investment: $150K-$350K
Total Locations: 2
Dee-O-Gee was established in Bozeman, MT in 2008 by Josh and Holly Allen. Holly brings her previous veterinary technician experience and multitudes of dog nutrition knowledge to work with her every day. You can expect Dee-O-Gee to give you and your favorite four-legged friend the best grooming, nutrition, dog daycare and fashion experience around.
Many of the common "ailments" pets experience - dry skin, dull coats, allergies, gassy stomachs - are related to substandard food and inconsistent formulas with too many fillers and low-quality ingredients. As a main focus in their business from the start, Dee-O-Gee offers a range of reasonably priced, high-quality dog foods and cat foods with a variety of protein, grain, vegetable and formula options - as well as a large selection of natural supplements for your dog or cat.
Dee-O-Gee's mission is to provide all dogs, cats and their owners the highest quality pet-care experience in a positive and friendly "home-town" environment with products and services such as:
- Curated selection of Holistic Dog & Cat Foods and Supplements
- All-natural Grooming Salon
- Dog Daycare Services (Day Camp)
- Unique Pet-Themed Retail
- Self-service Dog Wash
If you have a passion for your four-legged friends and want to offer top-quality products and services with a unique shopping experience, then Dee-O-Gee is looking for you!
|Crooked Pint Ale House
Cash Needed: $300K
Total Investment: $1M-$1.5M
Total Locations: 4
Crooked Pint Ale House is a nouveau urban pub with the feel of a local neighborhood restaurant. Crooked Pint offers a full menu including burgers, tacos, and salads along with 32 tap beers, quality craft brews, fine wines, and spirits. From the rough-sawn oak floors and classic pub furnishings and finishes to the fresh recipes and authentic smiles, everything at Crooked Pint is the real deal.
Dining out is a social event - a chance to connect with friends and family - at the "neighborhood gathering spot." Crooked Pint's highly successful business model and distinctive culture captures the best aspects from traditional pubs and restaurants and combines them with ground-breaking innovations in menu, design and service to create an outstanding guest experience and an equally impressive business opportunity.
Drawing on decades of experience, Crooked Pint's Executive team has responded to the market and planned for the future - identifying industry trends, anticipating consumer demand well into the future, and adopting an intelligent national growth strategy.
As a new Crooked Pint franchise owner, you will receive:
- Training & Support
- Marketing Assistance
- Complete Equipment Package
- Site Selection & Build-out Assistance
- Image & Interior Design
Crooked Pint Ale House is looking for entrepreneurs who recognize the tremendous opportunities in this explosive industry and possess a genuine interest in owning and operating a modern ale house. Whether you're an experienced restaurateur or an aspiring entrepreneur thinking about making the leap into business ownership for the first time, Crooked Pint is a great business option.
|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.
|This Month's Featured Resale
Mr. Handyman - Newport News, VA
Opened Opened 2002
2015 Gross Sales = $684,975
Most franchise systems offer resales. To find out what's available in your area, send me an email with your city, state, and zip. firstname.lastname@example.org
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