Franchise Fundamentals Penfield NY

A residential construction-related franchise in Penfield can be a great investment — for the right firm or manager. However, the price remodelers have to pay is more than just the purchase cost — it includes significant capital to buy the territory and set up the franchise as well as payment of royalties over the duration of the partnership.

Local Companies

Business Development Solutions
(585) 342-6510
189 N Water St Ste LL
Rochester, NY
Aramark
(585) 305-5657
20 Sunset Hill
Rochester, NY
Event Source Ltd
(516) 837-0607
318 Hendrickson Ave
Lynbrook, NY
Thompson Health
(585) 396-6790

Canandaigua, NY
Board of Cooperative Educational Services (Boces) of Southern We
(914) 741-1478
622 Manhattan Ave
Thornwood, NY
North Coast Advisors Inc
(585) 218-7370
625 Panorama Trl
Rochester, NY
Can Am Consultants Inc
(585) 777-4040
4 Commercial St Ste 200
Rochester, NY
Bodnar & Milone Llp
(914) 997-1894
140 Grand St Ste 401
White Plains, NY
Seneca Cayuga Arc
(315) 568-2732
33 State St
Seneca Falls, NY
Miradiant Global Network
(212) 235-4600
15 Broad St
New York, NY
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Source: REMODELING Magazine
Publication date: March 1, 2005

By Nina Patel

A residential construction-related franchise can be a great investment — for the right firm or manager. However, the price remodelers have to pay is more than just the purchase cost — it includes significant capital to buy the territory and set up the franchise as well as payment of royalties over the duration of the partnership.

But even more of a concern for remodelers is the loss of autonomy over their business. Remodelers who enter a franchise agreement must be willing to restrain the self-reliant entrepreneurial spirit they called on to start up and run their company.

Some franchisors compare the process of finding, evaluating, and joining a franchise to the process of dating, engagement, and marriage — with the franchise contract as a pre-nuptial agreement that spells out the responsibilities of both parties.

Indeed, the back and forth can be both fun and frightening, and the future not always clear. Fortunately, there are questions to ask and answer and processes to follow to make finding “the one” all the more successful.

Why Buy?

Buying a franchise has many benefits. A franchisor provides a sophisticated analysis of the market for their product or service, proven systems, peer and company support, buying power, and upped resale value.

For construction industry novices, a franchise offers a map to success.

Click here to read full article from Replacement Contractor

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