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THE PART OF OWNING A FRANCHISE NO ONE TALKS ABOUT

You need to talk about it with your family because you won't be around as much.

You have to make a good choice in a franchise

You have to make sure you can afford it

You have to do good research

You have to write a strong (and flexible) business plan

You have to be ready to work harder than you’ve ever worked in your life

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ESSENTIAL STEPS/FINANCING YOUR FRANCHISE

1. Have a formal business plan.
2. Approach your personal bank.
3. Fill in all applications thoroughly.
4. Be realistic in your expectations concerning income
projections.
5. Put yourself in the lender’s shoes.
6. Don’t give up.
7. Don’t be hard on yourself.

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Dunkin' Donuts
1) http://www.franchise.org/dunkin-donuts-franchise
2) http://www.franchisedirect.com/foodfranchises/dunkin-donuts-franchise-07676/ufoc/
3) https://www.thebalance.com/dunkin-donuts-franchise-review-1350261
Determine the strengths or weaknesses, challenges or benefits of the franchise opportunity
+ A team of experienced and dedicated franchising support professionals across the country
- The franchisee is not granted an exclusive territory.
+ Everyone already knows about DD, most have experienced
(this helps with customers)
- They have been involved in many lawsuits (10-15x more than others)
- Requires skills (background in a few fields) and resources (money) this makes it hard to get into
Would you invest?
Although I love donuts and it my be a smart business move: I lack the experience and resources, nor is there an amiable market (theres one already on the island), to successfully run one.

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Initial Investment

$183,300 - $351,500
Initial Franchise Fee

$25,000 - $59,500

Financing is available:
startup costs, equipment, inventory, accounts receivable
Veteran Incentives 20% off franchise fee

Royalty fees
6%, Ad Royalty Fee: $300-$450/wk.

Full time or Part time Opportunity
Number of employees required to run: 8 - 14

Describe the franchise services or products
Men's haircut salon

What does the franchiser promise you
Purchasing Co-ops

Newsletter

Meetings

Toll-Free Line

Grand Opening

Internet

Security

Field Operations

Does this franchise seem like a good fit for your interest, values, and lifestyle? Why or why not?
No, I prefer to have the same hair cutter each time .

Describe the responsibilities of the franchisees and the franchiser.

The franchiser responsibility is to help the franchisees and the responsibility of the franchisees is to follow the rules and uphold the brand.

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Initial Investment

Initial Investment

Initial Franchise Fee

$29,950

Financing is available:
startup costs, equipment, inventory
franchise fee, startup costs, equipment
Veteran Incentives
$10,000 off franchise fee & 50% off initial application fee

Royalty fees
Ongoing Royalty Fee

5%

Ad Royalty Fee

2.5%

Full time or Part time Opportunity
Number of employees required to run: 3 - 5

Describe the franchise services or products
The UPS Store locations provide packaging, shipping, copy and print services, mailbox services, computer time rentals and more for small businesses and individuals/,

What does the franchiser promise you
Purchasing Co-ops

Newsletter

Meetings

Toll-Free Line

Grand Opening

Internet

Security

Field Operations

Does this franchise seem like a good fit for your interest, values, and lifestyle? Why or why not?
No, it seems kind of boring.

Describe the responsibilities of the franchisees and the franchiser.
The franchiser responsibility is to help the franchisees and the responsibility of the franchisees is to follow the rules and uphold the brand.

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Initial Investment

$228,621 - $1,692,314

Initial Franchise Fee

$40,000 - $90,000
Financing is available:
Veteran Incentives 20% off franchise fee

Royalty fees
Ongoing Royalty Fee

5.9%

Ad Royalty Fee

2-6%

Full time or Part time Opportunity
Number of employees required to run: 25-30 people
(http://www.franchising.com/dunkindonuts/)

Describe the franchise services or products
Sells donuts and coffee and other baked goods.

What does the franchiser promise you
Purchasing Co-ops

Newsletter

Meetings

Toll-Free Line

Grand Opening

Internet

Security

Field Operations
Marketing Support

Co-op Advertising

Ad Slicks

Regional Media

National Media

Does this franchise seem like a good fit for your interest, values, and lifestyle? Why or why not?
Yes, I love donuts. (see "additional research" for a more thoughtful answer)

Describe the responsibilities of the franchisees and the franchiser.
The franchiser responsibility is to help the franchisees and the responsibility of the franchisees is to follow the rules and uphold the brand.