BEST INTERNATIONAL FRANCHISES TO BUY

Buying a Franchise

When you buy a franchise, you CAN sell goods and services that have instant name recognition, and get training and support that can help you succeed.

The Benefits and Responsibilities of Franchise Ownership


A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a proven system developed by Meineke, Maaco, or Econolube, the right to use the name for a limited time, and assistance. For example, we provide you with help in finding a location for your outlet; initial training and an operating manual; and advice on management, marketing, or personnel and a POS system. We also provide support through periodic newsletters, a toll-free telephone number, a website, webinars, and an operations person within your territory.

Buying a franchise will reduce your investment risk by enabling you to associate with an established company.

What are the costs associated with buying a franchise from drivenbrands?

Typically, franchise systems have several components


Initial Franchise Fee and Other Expenses

Your initial franchise fee, which will range from 30 thousand dollars and upwards, depending on what brand you purchase and how many units you purchase at a time.

You may incur costs to rent an existing site, build, and equip an outlet and to buy initial inventory. You also may have to pay for operating licenses and insurance, and a “grand opening” fee to promote your new outlet.

Continuing Royalty Payments
You will have to pay ongoing royalties based on a percentage of your weekly or monthly gross income. As a rule, you have to pay royalties for the right to use the franchisor’s name.

Advertising Fees
You will also have to pay into an advertising fund. Some portion of the advertising fees may be allocated towards a national advertising campaign such as television advertisments and sponsoring college football bowl games and the other portion of the advertising fees go towards local print and media.

BEFORE YOU PURCHASE A FRANCHISE YOU SHOULD CONSIDER THE FOLLOWING:


Purchasing a franchise is like any other investment: it comes with risk. When you think about a particular franchise, think about the demand for the products or services it offers, competitors that offer similar products or services, the franchisor’s background, and the level of support you will receive. Our franchise system is rated as one of the strongest and best franchising systems in the world. We have been in business for 40 years and continually growing our brand recognition both in the domestic market and in the international arenea. Despite the economic crisis of 2008, and the recession that soon followed, our company grew in size and strength!


Demand


Is there a demand for our products or services in your community? Is it seasonal or ever-green? Could you be dealing with a fad? Does the product or service generate repeat business?
The answer is two fold. Our products and services are in greater demand these days because people are keeping their cars longer and are maintaining their vehicles. Since thousands upon thousands of dealerships were forced into bankruptcy and had to close their doors, our customer base grew and grew. Our customer retention is our number one goal.



Competition


What’s the level of competition—nationally, regionally, and locally? How many franchised and company-owned outlets are in your area? Does the franchise sell products or services that are easily available online or through a catalog? How many competing companies sell similar products or services? Are they well-established or widely recognized by name in your community? Do they offer a similar product at a similar price?

The competion is always going to be there and competition is needed in any work environment; it makes us work harder to be better.

HERE ARE SOME IMPORTANT GOALS TO CONSIDER BEFORE YOU BUY A FRANCHISE:



Write down your reasons for buying a particular franchise:


•Do you need a specific annual income?
•Are you interested in pursuing a particular field?
•Are you interested in retail sales or performing a service?
•How many hours can you work? How many are you willing to work?
•Do you intend to operate the business yourself or hire a manager?
•Will franchise ownership be your primary source of income or a supplement to your current income?
•Do you get bored easily? Are you in this for the long-term?
•Would you like to own several outlets?

HERE ARE SOME OF OUR TYPICAL FRANCHISES WITH MEINEKE AND MAACO AND ECONOLUBE: