Business Franchise Opportunity For Music Lovers

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If you are a music lover you can make a career out of your passion by seizing up a business franchise from Complete Music. COMPLETE MUSIC, deals in mobile disc jockey services for weddings and parties

How much does it cost to Invest In Complete Music Franchise?

Complete Music’s franchise fee is as low as $18,000 and total start-up investment is as low as $30,350, says Entrepreneur.com.

Complete Music History

Complete Music was founded in 1974, in Omaha, by Gerald Maas to provide mobile DJ entertainment service in social ceremonies, parties, etc. Gerald first performed at his sister’s wedding reception, and people found another entertaining option than traditional bands. Thus the company has started to grow. In continuation, the company started franchising in 1983, and currently has more than 165 locations in United States, and 4 more location in Canada. Based in Omaha, Nebraska, today Complete Music is leading the way of the disc jockey entertainment industry and providing dance music to more than 1 million people each year.

Complete Music Franchise Requirements

Total Investment: $19,800-$33,000
Initial Franchise Fee: $12,000-$20,000
Royalty Fee: 6.5-8%
Advertising Fee:
Term of Agreement: 10 years

Estimating Profits And Revenues For Complete Music Franchise

The level of revenues and profits a franchisee can make will depend on the territory. Complete Music doesn’t allow franchisee to operate in multiple territories, which means you wont have competition from fellow franchisee.

VR Business Sales Waive Franchise Fees For Veterans

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VR Business Sales, is waiving $2 million in franchise fees for military service members returning from active duty. VR chief executive Peter King said he wants to help veterans own a business, which many don’t have the money or credit to do.

With the fee waiver, about 50 veterans could buy the franchise, which negotiates sales for retiring business owners. Locations are available throughout South Florida.

VR Business Sales initial franchise fee is usually $39,000, with additional costs for office space and equipment. VR also has reduced startup costs to about $15,000 by arranging shared work-spaces in lawyer’s offices for the veterans who want to buy franchises.

VR Business sales says veterans make good franchisees because they understand the importance of confidentiality in selling a business. Also, “they’re used to following a system, and that’s what we supply,”

Eduardo Sosa, who has owned a VR franchise in Coral Springs for eight years, said the fee waiver is a good deal, but “I wouldn’t get into any business because the fee was waived.” He said the business has been challenging during the recession, but he has made six sales this year.

VR, which has 130 locations worldwide, has franchises in Fort Lauderdale and Miami. King said there are opportunities in smaller cities in the region.

Obtaining Franchise Business Insurance

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Setting up a franchise business involves investment of a significant amount of your money, time and ideas. In today’s operating and legal environment, your franchise business is likely to face risks such as personal injury, damage of your assets or even natural disasters. It is therefore vital to safeguard your investment by insuring your business against such and other risks.

Planning to Insure your Franchise Business

Businesses vary one from another and before insuring your business you need to establish an insurance plan that fits your business. First, analyze your business weighing the risks it faces including the 3rd party risks. You should then be conversant with the various insurance covers and what each of them covers to determine the ones relevant to your business. Doing this beforehand enables you to communicate your needs to the insurer.

Types of Business Insurance Policies

Business insurance is a broad description that can be simplified to various insurance policies. It offers coverage for any imaginable risk that a business can face. The cost and amount of policies varies from one insurer to another. Some of the business insurance policies include:

Ø Liability insurance- this covers your business against any liability that is legally imposed on the business due to negligence if the business or its employees.

Ø Property insurance-offers coverage against damage of the business premises as well as the business’ property. This policy can also cover any other person that suffers damage of property within the business premises. It also covers for burglary and theft of business equipment.

Ø Workers compensation- this policy covers the employees of the business for any injuries that occur in the course of performing their duties.

Ø Health insurance- offers health coverage benefits to the employer as well as the employees.

Ø Business interruption insurance-covers losses occurring in respect to the cash flows and profits pertaining to the business.

Ø Life and disability insurance-covers business against death or disability of its key employees or partners.

Ø Commercial Auto-covers damage to or caused by any vehicles that are owned and used by the business.

Why Insure Your franchise Business

Business insurance is important to ones business though it is not mandatory for owners to insure. It protects the business against unseen loss due to occurrence of a risk such as employee injuries, lawsuits, business interruption or even damage of property. A business may otherwise face failure if such losses occur and it is required to use its capital to cover for the losses. To avoid such misfortunes it is necessary to insure the business.

Article courtesy of auto insurance companies.

Oxi Fresh Franchise Opportunities

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Oxi Fresh offers franchise opportunity to anyone who wants a home based franchise business.

Oxi Fresh Franchise Information

For five years, Oxi Fresh Carpet Cleaning®, one of the nation’s fastest growing, environmentally-friendly carpet cleaning service franchises.

Oxi Fresh has received recognition from Entrepreneur magazine as a home based franchise, ranking it #34 on Entrepreneur magazine’s 2011 Franchise 500 “Home Based Franchises” list.

Entrepreneur magazine ranked Oxi Fresh #26 in low-cost franchises in 2011.

Oxi Fresh Franchise Cost

With a total investment ranging between $34,000 and $57,000, Oxi Fresh is an affordable low cost franchise.

Advantages of Oxi Fresh Franchise

  • Low cost investment
  • Environment friendly technology
  • No inventory needed
  • Your territory is protected from competition

Oxi Fresh has more than 235 carpet cleaning franchise locations in 45 states. For Oxi Fresh franchise opportunities in your city e.g. Los Angeles, New York, Boston, Austin, or state California, Texas, Ohio, Pennsylvania, New Jersey, etc visit oxi fresh website.

Evaluating Profitable Franchise Business

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When doing your research on profit potential of a franchise business it is important you read Item 19 on a Franchise Disclosure Document that explains how much money a prospective franchisee could make from the franchise opportunity.

In Item 19, this is where the franchise company breaks down the range of what franchisees are earning from their operations: top third, middle third, bottom third. If the middle-third franchisees aren’t making what you would need to meet financial objectives, walk away.

Franchise Business Plan

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A franchise business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the franchise business or team attempting to reach those goals.

Now that you’ve decided that you’d like to open a franchise business, you should put your thoughts down on paper. This way, your business idea is expressed in a plan – a living document that outlines every critical aspect of its operation.

Franchise Business plans are decision-making tools. There is no fixed content for a franchise business plan. Rather the content and format of the franchise business plan is determined by the goals and audience. A franchise business plan represents all aspects of franchise business planning process; declaring vision and strategy alongside sub-plans to cover marketing, finance, operations, human resources as well as a legal plan, when required. A franchise business plan is a bind summary of those disciplinary plans.

Typical structure for a franchise business plan will consist of the following:-

  1. Cover page and table of contents
  2. Executive summary
  3. Business description
  4. Business environment analysis
  5. Industry background
  6. Competitor analysis
  7. Market analysis
  8. Marketing plan
  9. Operations plan
  10. Management summary
  11. Financial plan
  12. Attachments and milestones

The original franchise business plan is not the end all, a franchise business plan should be a work in progress. That’s because your franchise business will evolve over time, and be influenced by outside factors such as the economy and local conditions. Even successful franchise business owners should maintain a current franchise business plan to ensure they remain knowledgeable on the elements that can affect continued success.

Writing a franchise business plan

You can do research and write the franchise business plan yourself or you can outsource the work of writing a franchise business plan to a franchise business consultant.

Download franchise Business Plan template

If you plan to write a franchise business plan you can get a leg up by downloading franchise business plan template. A good place to download franchise business plans is at entrepreneur.com. Entrepreneur business plan pro is a software with over 500 business plan samples. You just edit the samples to get what you want.

Cost of Placing Ad on Facebook

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For franchise business owners who plan to target the Facebook crowd, there are a few things you need to know about the cost of placing ad on facebook.

Facebook Average Click Through Rate

According to a study by Webtrends this year, Facebook’s average click-through rate for an ad was 0.05 per cent of people who saw it in 2010.

Facebook average cost per click

In the same webtrend study, the average cost per click was $0.49.

How Ad Prices are set on Facebook

The pricing of most Facebook ads is determined partly by auction and partly by the social network itself.

Facebook sets a minimum rate depending on how an advertiser targets users – such as focusing on location, age or interest. It then sets a final price depending of the number of competing buyers for the same ad slot.

Advantages of advertising on facebook

Advertsing on facebook is still very cheap compared to other online media. (By comparison, display ads can range from $2 to $8 per thousand on other sites, depending on the site and the type of advertiser.)

Anago Cleaning System Franchise Cost

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Anago Cleaning System franchise cost were historically priced from $150,000 to $250,000. But the franchise cost of a brand new Anago Cleaning System was reduced to just $35K, making the dream of business ownership an attainable reality for many more Americans.

Anago Cleaning System has been named, for the second year in a row as the 5th Fastest Growing Franchise in the U.S., according to Entrepreneur Magazine.

 

 

 

Advantages of Franchising Your Business

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Franchising your business can be the best way of actualizing your dream of owning and operating a nationwide business. By franchising your business you let other people take up the expensive cost of new premises, equipment and personnel.

Five Advantages of Franchising Your Business.

Save on Capital expenditure – When you franchise your business the outside investors will meet the cost new premises, equipment and personnel.

Risk Reduction – Because the franchisees are investing their own money in the franchise business, they take up the risk.

Free Cash flow – The license fee and management fee that the franchisees pay add to your cash flow.

Volume discount – As a franchisor you will have the advantage of negotiating bigger discounts with suppliers for the goods that will be supplied to franchisee.

Extra Income streams – Apart from the upfront franchise fee, you can negotiate to get several income streams e.g Management fee, % of turnover, supply of goods.

Faster Growth – By leveraging off the time and efforts of its franchisees, a franchisor can grow much faster.

Lower debt – Since the franchisee are putting up their own capital, you don’t need to take up bigger debt to expand the business.

Advertising – Franchisees will often contribute to a common advertising and promotional fund. This fund will be used to promote the brand under the direction of the franchisor.