Security Company Franchises - Which One is Right for You?
Security Company Franchises - Which One is Right for You
?Franchises are good and bad, depending what you want out of your business. If you want security and the backing of a large company, then a franchise is the way to go. However, if you want the freedom to make your own decisions, sell what you want and do your own marketing, then a franchise may not be for you.
If you do want a franchise, there are several to choose from, with the big four being:
1. Shield Security Systems: www.shieldinc.com
2. EYESthere: www.eyesthere.com
3. MonitorClosely.com: www.monitorclosely.com
4. L&W Investigations: www.lwinvestigations.com
Are You Right For A Franchise?
Ask yourself these questions to find out if you are ready for the franchise:
1. Do you have the money you need for the investment?
2. Do you have the skills you need to manage?
3. Do you have the education and work experience needed?
4. Do you know the work involved with being part of a franchise?
5. Are you able to work in the limits of a franchise system?
Is the Franchise Operation Right For You?
To make sure that the franchise is ready for you, ask these questions:
1. How long has the franchise been in operation?
2. What is the financial stability of the franchise like?
3. What is the selection process like for choosing franchisees?
4. How many franchises does the company have in operation?
5. Is the franchise a market leader in innovations?
6. Do you need to meet existing franchise owners?
7. Will the franchise train you?
The Service of the Franchise
To determine if you are happy with the service of the franchise, ask these questions:
1. Is the service of the franchise unique in some way?
2. Is there a demand for the service the franchise provides?
3. Would you buy the service that the franchise offers?
4. Is the service of the franchise priced in a competitive manner?
5. Is there a continual supply of the service at a fair market price?
6. What guarantees are there on the service?
7. Is there a copyright on the product or service?
8. When inventories get low, are you allowed to buy other products until the franchise products arrive?
The Franchise Location
To determine if you are in the right location for the franchise, ask these questions:
1. Is your sales territory defined clearly?
2. How can you guarantee no other franchisee for this franchise will encroach on your territory?
3. What is the growth potential for your sales territory?
4. What is the sales potential for your sales territory?
5. Will the franchise provide you with information on the market in your sales territory?
6. Are you allowed to select your own sales territory?
7. What kind of competition do you have in your sales territory?
Other Franchises
To determine if the franchise is right for you, then you should contact other franchises under the company to learn about their experience. These are the questions to ask:
1. How much did you invest in the franchise?
2. Were there hidden costs for this franchise?
3. Were products delivered on a reliable basis by the franchise?
4. How long before you broke even?
5. How long until you collected a salary?
6. Have you made as much profit as you expected?
7. Have any problems you have had with the franchise been resolved quickly?
8. Are you satisfied with the marketing that the franchise does?
9. If you could, what would you change in your contract?
The Franchise Contract
To determine if the franchise contract works for you, ask these questions about the contract:
1. Does the contract protect you?
2. Are the obligations of both parties stated in a clear manner?
3. Is training outlined in the contract?
4. Are the fees that you pay to the franchisor clearly stated?
5. Do you have to purchase supplies from a designated supplier or the franchisor?
6. Does the contract state that there is a minimum amount of merchandise that has to be purchased from the franchisor and is the merchandise more expensive through them than elsewhere?
7. Is there a sales quota?
8. What reports will you get from the franchisor and what reports must you provide? Simplicity Sewing Patterns for holiday Sequoia Day Trip From Lemoore California How To Double the Value of Your Holiday Dollars Give Entertainment Gifts For Free This Holiday Low Cost Package Holidays Dont Mean Poor Choice And Value Giant Sequoia Day Trip From Madera California The Canary Islands Are Paradise Looking Out For a Franchise Opportunity? India - The Ultimate Wedding And Honeymoon Destination Brazil Country Profile - Aarkstore Enterprise American Goldfinch, Attracting and Feeding this Good Chicken Britain Goes Technology Mad This Christmas Christmas Shopping? - The 3 Gift Flops you need to Avoid