Important best franchise Information
Will My Franchisor Limit Competition?
By Samantha McCartney
As with starting any business or franchise you want to know that you will have the best chance at success as possible. If you start you own business or franchise the one thing you donít have any control over is who opens up next to you or near you. This is an area of concern for franchises since you hold the same name as many others. For example if you owned a BumperDoc auto body franchise you would not want another BumperDoc auto body franchise to open on the same intersection or plaza as you. So a good question to ask your future franchisor is if they will limit competition in any way.
Normally what the franchisor does is give you a certain amount of territory in which you can operate. They will usually put in the contract that another one of their franchises will not open within a certain mile radius of your franchise location. Remember you want to have enough business to keep your franchise going for a long time. The franchisor may try to tell you that what they offer is great or plenty. However, you need to take a close look at where you are opening your franchise. If you are in a heavily populated area then an 8 mile radius may be just fine. But if you are in an area in which not very many people live, 8 miles would not be a good offer at all.
Also once the franchisor tells you the limitations of competition from them and you agree with it make sure it is in your contract. This is very important. The franchisor and you are held to the contract, not a verbal agreement. So, if you donít see it in the contract or if it is incorrect in any way do not sign unless it is corrected first.
If you are unsure of the franchisors agreements in this area you may want to consult a franchise attorney. Having a franchise attorney can be of great help to you and can be the key to your success as a franchise owner!
Keep in mind that even if the franchisor sets limits or territories for their franchises there is no way for them to keep other competition from other business and franchises away. For example with your BumperDoc auto body franchise, there is no way for BumperDoc to keep another franchise such as Collision on Wheels from opening up next to you. You will most likely always have some kind of competition near you; you just donít want it to be coming directly from your franchise family.
Since you cannot control the other competition that is around already or that may move in to the area, it is important that you choose a good location for you business! You must choose a location that will produce the greatest gains for your franchise industry and market.
Lastly, if the franchisor does not offer any limitations of competition or territories you should definitely think twice before beginning your franchise career with that franchisor!
Find a franchisor that meets all of your needs and that will help put you on the path to success!
About the Author: For more information on an automotive franchise with BumperDoc visit http://www.automotivereconditioningfranchise.com/ to start your path to business ownership!
Cincinnati and Pittsburgh figure to make NL Central a three-team fight.
With Yakuza 1 & 2 HD hitting Wii U in Japan, could the rest of the franchise follow? The beginning of the Japanese Nintendo Direct on May 17 was quite a surprise. It began with the good old “Seeeeegaaaaaaa” voice as it started out unexpectedly labeled as “Sega Direct,” with the special guest Toshihiro Nagoshi, a Sega CCO. Nagoshi may be best known as the producer of the Super Monkey Ball series ...
MEMPHIS, Tenn. (AP) -- On the best playoff run in their short history, the Memphis Grizzlies refuse to be satisfied with just reaching their first Western Conference final.
There is a movement afoot in Lafayette to pull away from long-time power provider Xcel Energy, in the hopes of reducing the city's reliance on coal-produced electricity while bolstering its use of renewable energy.
A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating of “bbb” and the financial strength rating of B++ of Dubai Insurance Company PSC .
After disappointing playoff showings in 2013, the Los Angeles Lakers and Los Angeles Clippers will be tested in the offseason. The Lakers played without one of the best players in franchise history during the 2013 playoffs and suffered because of it. Kobe Bryant ’s Achilles tear kept him sidelined during the entirety of the playoffs and raised the possibility the team could waive him during the ...
COMMENTARY | As a small-market team, the Milwaukee Brewers have never been a team that comes to mind when you think of destinations for big-name free agents. This was especially true for the team's first 30-plus years of existence, as the Selig family owned the Brewers through the 2004 season.
A.M. Best Revises Outlook to Stable and Affirms Ratings of United Fire Group, Inc. and Its Subsidiaries
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A and issuer credit ratings of “a” of the property/casualty subsidiaries of United Fire Group, Inc.
MEMPHIS, Tenn., May 16, 2013 /PRNewswire/ -- ServiceMaster Clean , one of the leading commercial cleaning franchises for more than 60 years, announced today it was ranked in the top 10 percent of all ...
Morgan Langley scored the only goal of the game as the Harrisburg City Islanders took a 1-0 win against the Rochester Rhinos on Saturday night at Sahlen’s Stadium. The victory gave the City Islanders the season-sweep of their series with the Rhinos, keeping Rochester without a win this season. Harrisburg opened brightly, and came close to taking the lead with a well-worked move that Sainey ...
© 2013 http://www.portalcross.biz/best-franchise/ Powered By: Niche Dominator