With many big name franchises slashing their franchise fees, it may be a good time for you to buy a franchise. GbBIS looks at how franchisors are encouraging more people to become franchise owners.
In these uncertain economic times, it has become difficult for people to scrounge up the money necessary to buy a franchise. Franchisors are responding to this by slashing franchise fees and offering incentives for potential businesses owners to become franchisees. Though some view this price cutting as a red flag to stay away from buying a franchise, others look at it as an opportunity for entrepreneurship. Here are a few of the franchises that are encouraging would-be business owners to take on the role of franchisee.
Papa John’s Pizza has agreed to waive their entire $25,000 franchise fee and all royalties for the first 18 months if you sign up in the coming year.
Dunkin’ Donuts offers reduced royalty payments for three years if you sign up in 2012, plus $10,000 in marketing-fund credit to help promote your store.
Fazoli’s will cut its franchise fee by $10,000 and waive the first $20,000 in royalties the franchisee would owe the parent company.
Countless other franchisors such as Domino’s Pizza, Huddle House, and Valpak have been offering discounts to veteran-owned franchises.
If you decide that it’s a good time for you to buy a franchise, contact GbBIS. We offer a comprehensive collection of tools to help you better manage your franchise. Franchisees with multiple locations benefit from our franchise territory maps and web applications. They can help you establish franchise boundaries, view demographics, display sales data, and much more. We also offer reports, and mapping databases to help you find customers, evaluate business sites, and more.
Contact GbBIS today and discover how our maps, web apps, reports, and databases can help you better manage your franchise