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Buying a Menchie’s Frozen Yogurt Franchise Business
When investigating franchises to invest in, there are many factors. Two of which are the marketing/branding philosophy of the franchise and the time and expense of the build out of process of the storefront. This post will cover the Menchie’s Frozen Yogurt franchise from the perspective of the franchisee. Below are two videos that individually discuss the marketing philosophy of Menchie’s Frozen Yogurt franchise stores and the design/build out of a Menchie’s store. In short, the main thrust of … Read entire article »
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Q & A with Ryan Frankel of VerbalizeIt
Ryan Frankel, Chief Executive Officer, of VerbalizeIt took some time to answer questions about the state of the business before and after their pitch to the panel of investors on the Shark Tank. VerbalizeIt is a live translation service that users can access at any time from anywhere to have live human beings assist with translation. Live translators are far more likely to understand context of what is being spoken and to also understand technical jargon … Read entire article »
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Buying vs Starting
Should you buy an existing business? Should you start a new business? That depends on you and the team you are going into business with. There is a Right and Wrong answer for you. We will layout some points for you to consider to help you make an informed decision that will feel, well, Just Elementary! Reasons to Buy: You want an established track record and proven business model. You will be open for business the day you take possession. Trained … Read entire article »
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Franchising: CNBC’s ‘Inside’ Look at it
CNBC just broadcast a show highlighting five Franchise Brands. The official title is ‘Behind The Counter: The Untold Story of Franchising.’ The show had three story lines. One was about Franchisors doing a good job of growing and maintaining a brand (Proctor & Gamble and Five Guys), … Read entire article »
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Factors that Effect the Value of a Business
Factors Affecting the Value of a Business Lease & Occupancy Cost In the cases of businesses operating on a lease, the lease terms are key to affecting the contribution of value to the business. For retail business that are not footloose, a long term is key to positive value. For example, with a coin laundry, the lease needs to be typically, 20 years or more in length. Long term leases are important with most retail businesses. In … Read entire article »
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A Free Business? Almost, but not quite!
Beginning in a few days, we will be profiling Second Generation commercial spaces available. Second generation spaces are commercial spaces for lease that are built out but not currently occupied, they can be retail , office and industrial. For example, many restaurants have closed down, but have an intact kitchen and plumbing in place. These spaces obviously need some capital investment to be reopened, but these costs are going to be significantly less than opening a vanilla shell space from scratch. Also, assuming the space is intact, you likely won’t need any construction permits from the various local agencies, so you will be able to open your doors Many months before you could open vanilla shell space. This saves you Time and Money, which means you can focus on growing your … Read entire article »
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RIAOC 9-21-2010
Today was part of the Nick Lieberman interview series with Martin Brewer. Brewer happens to have been an integral part of the Irvine Company for many years in the Public relations department. He had some good insight into the Orange County Development market, which he shared with us at today’s regular RIAOC meeting. An interesting nugget that came to light was that historically The Irvine Company expected new home sales to increase whenever interest rates first began … Read entire article »
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When is a Deal a Deal?
Make sure to actually sign a finalized contract, and do it quickly. So many transactions start off with a Letter of Intent (LOI), or some variation of it. After the initial LOI, a flurry of counter proposals or LOIs can pile up. At the end of the day, you could end up wasting a lot of time. Somebody who isn’t a client of mine, but I met the other day, told me his tale. He spent 20 days going back and forth with a landlord about a lease via proposals and counter proposals on a Second Generation Retail Space. Well, Lo and Behold, after the LOIs are finally agreed upon, the potential lessee eases up and does not request for an actual draft lease for two days. In the meanwhile, … Read entire article »
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