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JUNE 2017 NEWSLETTER
 

In This Issue
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Funding Your Business
Use Your IRA/401K
to Fund Your Business
  
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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.
 
Click here to learn more about using your retirement account and other funding options that are available.
Fun Facts
Dippin' Dots was created by microbiologist, Curt Jones, in 1988.

On February 10, 2015, the company announced the creation of co-branded stores with snack manufacturer Doc Popcorn.

Currently, there are three different kinds of Dippin' Dots: original dots, dot treats, and dot monster munch.
Resources
The Fear Factor of Buying a Franchise

 

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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! 
Buyer Checklist 
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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... 
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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.
      

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
800-401-9154
     
Street Corner
Cash Needed: $40K
Total Investment: $20K-$1.5M
Total Locations: 44       
 
Street Corner is the #1 mall and specialty-based convenience store in the U.S. and is located only in high-traffic locations such as malls, hospitals, office buildings and college campuses.

 

Owning a Street Corner franchise is an exciting opportunity to join a successful company in a proven, highly-desirable industry.  Since 1927, the corner convenience store has been a popular and welcomed addition to any neighborhood. And for the last 25 years, Street Corner has enjoyed and shared in the growth of the industry.  Today, they are among the industry leaders.

Street Corner offers their franchisees four models to choose from:
  • Street Corner - Express
  • Street Corner - Mall-Based
  • Street Corner - Urban Superette
  • Street Corner - Gas Station
From Street Corner's first franchise in 1995, they have fine-tuned their systems and operations to provide the best service, highest quality products and greatest convenience to their customers.  They are committed to extending their brand coast-to-coast and are looking for qualified and dedicated franchisees to join one of today's fastest growing and most successful retail opportunities.

For more information,
Click here  
Or call 800-401-9154
Schooley Mitchell
Cash Needed: $52K
Total Investment: $55K
Total Locations: 131                    

Schooley Mitchell is the largest independent telecom and merchant services consulting company in North America.  Their network of franchised consulting offices across the continent serves as the outsourced expense reduction specialists to business clients, providing professional solutions from coast-to-coast.

Their sophisticated franchise system, which includes a comprehensive training program, state-of-the-art support systems, tremendous software tools and databases, a multi-million dollar intranet environment, and an innovative client protection system, is well-established as a rising star in the world of franchising.

Schooley Mitchell provides their new franchisees with an intensive seven-day initial training program at their Head Office that teaches them the tried and true methods for Sales and Marketing, and reviews all of the successful methods on how to obtain clients.  In addition to the initial training, there is an intensive first year mentoring and coaching program that reviews client assignments and provides check-in calls to ensure that the franchisees are operating at their best levels.

Support from the Head Office is provided on a continuous and perpetual basis.  The end result is that all of their support practices have two goals in mind - to help their franchisees run a great professional business, and to make as much money as desired.  Schooley Mitchell franchisees are secure in the knowledge that they always have a team of professionals to rely on for their success.

For more information, Click here 
Or call 800-401-9154
Sharkey's Cuts for Kids sharkeys
Cash Needed: $97K
Total Investment: $128K-$150K
Total Locations: 47           
 
Linda and Scott Sharkey set out to create a unique salon that caters to children of all ages.  A place that is prompt for those on-the-go parents, fun and entertaining for their children, and reasonably priced for their wallets.  Hence, Sharkey's Cuts for Kids was born October 1, 2002.  In 2005, the first Sharkey's franchise was sold and within two years, 20 more salons opened across the U.S., Canada, Europe, and the Middle East making Sharkey's the fastest growing children's hair salon franchise according to Franchise Times 2008.

sharkeysSharkey's is an easy to operate business with multiple revenue streams that provide for higher profit potential.  They provide hair care for children ages 0-14 while sitting in their novelty chairs such as a red Ferrari, Dodge Police car, or pink Barbie Jeep while watching a favorite video; or while sitting in their regular chairs with large 40" flat screen TV's where they can watch TV or play video games.  Along with each haircut comes a complimentary hair wash, blow-dry, style, lollipops, and complimentary mini-cure for the girls.

 
Other revenue streams include unique Sharkey's hair care products and birthday parties offered in their themed party rooms.  Sharkey's has also partnered with local businesses which provide classes or services that compliment their concept as an additional source of income.  All of this creates a formula for success that is comprehensive yet very simple to execute.


For more information,
Click here 
Or call 800-401-9154
Cinnaholic
Cash Needed: $50K
Total Investment: $173K-$270K
Total Locations: 12                                      

In 2010, Shannon and Florian Radke decided to put their passions to work, combining Shannon's love of baking and the couples' dedication to a vegan lifestyle.  They started Cinnaholic, a bakery business that serves gourmet, vegan cinnamon rolls that are dairy-free, egg-free, cholesterol-free, and incredibly delicious.  To top it off, they added to the experience by offering over 50 flavorful frostings and specialty toppings, giving the customer the ability to create their very own gourmet, custom cinnamon roll.

In 2014, the couple appeared on Shark Tank, which launched the brand into the national spotlight.  Today, with a new Cinnaholic bakery opening every two weeks, the brand is poised to become a household name in America and all over the world.

Cinnaholic assists and supports their franchisees with everything from site selection and build-out to ongoing support with operations and marketing.  They also support them with a consolidated equipment package that covers every piece of equipment needed - from the refrigeration to the convection oven.  Franchisees are also given an Operations Manual that provides detailed instructions on day-to-day operations, accounting, hiring, training, and employee motivation.

As a Cinnaholic franchise owner and operator, you will complete a classroom and on-site training course that includes:
  • Food production
  • Inventory management
  • POS operation
  • Recruiting, interviewing, hiring and training your staff
  • Accounting procedures
  • Developing a marketing plan
  • Setting up your back office
  • Sales and customer service skills
Cinnaholic's corporate team provides their franchisees with assistance with marketing and public relations, grand opening planning, local store marketing tactical plans, public relations support and ongoing training and resources.  Cinnaholic also promotes and supports various national campaigns throughout the year and provides ongoing creative needs for local advertising and promotions to constantly keep their brand in front of the their consumers.

For more information, Click here
Or call 800-401-9154
WaveMAX Laundry
Cash Needed: $150K
Total Investment: $135K-$804K
Total Locations: 2     

Since 2012, WaveMAX Coin Laundry has focused its business model on developing the prototypical market and store that can scale and sustain a national chain of coin only laundromats.  After two years of research, WaveMAX have found the best equipment on the market.

WaveMAX┬« Washers:  Their washers automatically weigh your clothes and use the precise amount of water required for the best possible wash.  This provides a much cleaner wash and reduces drying time.

WaveMAX® Dryers:
Eco Power: They have the only dryers on the market that have a built-in sensor that determines the "dryness" of the clothes.  As the clothes dry, the dryers automatically adjusts the temperature for optimum drying.  This saves the clothes from being scorched and helps the gas bill.
Dryer Reversing:  Their dryers will reverse themselves during their cycle.  This keeps the clothes free from being tangled up and allows the clothes to dry faster with fewer wrinkles.

What makes WaveMAX Laundry different from other coin laundromats is that they are:
  • Clean, well maintained, and well lit
  • Best equipment in the industry
  • Full-time attendants
  • Wash, Dry, and Fold services
  • Free Wi-Fi
WaveMAX partnered with Electrolux (one of the largest commercial laundry manufacturers in the world) to give their franchisees the benefits of:
  • Preferred pricing on all equipment, service and parts
  • AWS (Automatic Weighing System) washers
  • EcoPower dryers
The laundry industry is made up of Mom and Pop operators with no brand, no business sophistication, and massive turnover from the operator to operator.  WaveMAX Laundry is changing the industry by opening the cleanest laundromat in town with the most efficient equipment on the market.

For more information, Click here
Or call 800-401-9154
Master What is an Area Representative or Master Franchise?
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Some franchises have opportunities known as Area Representative or Master Franchise.  An Area Representative Franchise involves the development of a geographic region that can be as small as a single city or as large as an entire state; while a Master Franchise is 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.
For more information, Click here  
Or call 800-401-9154
Master This Month's Featured Resale zoup
 
Zoup!
Richmond, VA
$330,000

Most franchise systems offer resales.  To find out what's available in your area, send me an email with your city, state, and zip. dstruck@questfran.com
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. 

Sincerely,
Dave Struck 

Dave Struck

Founder/Consultant

Quest Franchise Advisory Group
Direct: 770-910-7767 ext. 101

dstruck@questfran.com 

www.questfran.com 

 

We hope you find our newsletters informative and invite your suggestions and comments by emailing newsletter@questfran.com

 

Our Business Is Helping You Find The Right Business

 

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Big $avings for  U.S. Veterans
As a way of saying "Thank you" to our Veterans, many franchise companies offer our Veterans discounts on franchise fees ranging from 10%-50%. Some also offer discounted royalty fees of up to 50% for your first year in business. Call us and we'll be happy
to match you with a participating franchise.