Joel Libava | Source | King at Franchise Selection Specialists Inc.
Joel Libava
I’m The Franchise King®, Joel Libava. I'm the author of "Become A Franchise Owner!" (Wiley) and "The Definitive Guide To Franchise Research." (Self) I provide straightforward advice to would-be franchise owners. In addition, I closely follow the trends in franchising.
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Franchise Selection Specialists Inc. (https://www.thefranchiseking.com/about-the-franchise-king)
King
Jan 2001 – Aug 2020
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Franchise Fees Demystified: A Comprehensive Guide for Prospective Franchisees - The Franchise King®
For years, people have been saying “You shouldn’t buy franchises because the franchise fees are too high.” Unfortunately, these “people” don’t understand how franchising works. I do. In this post, I’m going to tell you what franchise fees are, their average cost, what they’re used for, and why they shouldn’t play a huge part in your decision to buy a franchise. Let’s
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How To Read The Franchise Disclosure Document - The Franchise King®
If you want to learn exactlyhow to read a Franchise Disclosure Document, this post is for you. Now stick with me here, as there's a secret to reading an FDD. But don't worry. I'll be sharing it with you shortly. (Pictured above: a page from a real FDD) The Franchise Disclosure Document is Important. You Should Read It. The Franchise Disclosure Document (FDD) is important. As
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The Top 21 Franchise Opportunities To Own Right Now - The Franchise King® | Learn How To Become A Franchisee
The 21 franchise opportunities featured below offer a frantastic way to become your own boss. I’ve arranged the franchises by category, so you can quickly head to the area of franchising you’re most interested in exploring. Additionally, I’ve included several proven buying tips, strategies, and a list of resources for you to use as you investigate the best franchises to own. Note: no
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Franchise Expert Calls for Value Menus Return
Franchise authority Joel Libava criticizes fast-food pricing, advocating for value menus' return. He highlights that value meals can boost franchisee profits through additional sales and upsizing, despite initial resistance.
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"Franchisees should be wary of seemingly low barriers to entry. For instance, Burgerim’s website didn’t list the necessary financial qualifications for potential franchisees, which is highly unusual, especially for a quick-service restaurant."
“It’s like, ‘Wait a second, does that mean that, if I’m breathing, I can buy this franchise?’”
From: https://www.qsrmagazine.com/franchising/what-learn-burgerim-disaster
