Allegra in the News:
Franchise Industry Highlights

Those who begin to see the proverbial light at the end of the tunnel be it their retirement, the pursuit of another business opportunity or simply a desire to step away to do something different after umpteen years of ownership often ask themselves: Is there an opportune time to walk away? The best time to…

What can small businesses look forward to in the year to come? That’s an important question for many.  According to data from the Census Bureau’s Annual Survey of Entrepreneurs (2016), there are 5.6 million employer firms in the U.S. Companies with fewer than 500 workers accounted for 99.7% of those businesses while those with less…

So, you’ve acquired a franchise and achieved your dream of owning a business. Congratulations … with a qualifier. In most instances, you’ll also become an employer. In fact, Statista predicts that in 2018 over eight million people were employed by franchise businesses. A great many of your experiences with your employees will be favorable. You’ll…

While not universal, protected territories are common in the franchising industry. As noted in an article on Chron, more than 90 percent of successful franchises use the territory concept according to one study. The concept explained At first glance, many prospective franchisees endorse a protected territory. They believe that the larger their territory, the more…

If you’re interested in acquiring a franchise or at least exploring your options, you’ll be best served by learning the most important industry terms: Franchisee: A person (or couple) who purchases the right to operate a business under the franchisor’s brand name and system. Franchisor: The company that allows individuals to open and operate a…

While most entrepreneurs who buy a franchise usually don’t place “Create an exit strategy” in a top spot on their to-do list, many business owners who are nearing retirement sure wish they had!   Having an end in mind and at least a rough timetable of your future plans can affect how you operate your…

You may be thinking first in terms of total volume or unit dollar sales. But first things first, are entrepreneurs buying into the franchise—both opening new locations and snapping up re-sales? That’s the key benchmark, because its implications are much broader and more telling. A franchise system that sustains growth opening new locations (expanding) and…

Having worked in sales and management roles in consumer electronics for over 25 years, Jim Barton was ready for a change in 2018. “I’m someone who tries to always do the right thing, but not one who simply wants to do what I’m told by others,” said Barton. “So, when my partner in life, Cindy…

Business opportunities come in all different shapes and sizes.  As you can imagine, so does the price tag.  In the July/August 2019 issue of Franchise Canada magazine read the article written by Jessica Burgess and titled, “Printing a Ticket for Success”.  This article reveals how new owners Amber Shah and Saif Haq purchased a KKP…

Pursuing your dream of business ownership can require significant funds and acquiring a franchise (as opposed to purchasing an independent operation or starting from scratch) is no exception. As published online by The Balance Small Business, Common Franchise Costs notes that most franchise fees are between $20,000 and $50,000. On top of that, you’ll likely…

If you investigate enough franchise opportunities, you’re bound to come across one with a master franchise strategy. Here’s an explanation of the concept, and a review of its implications for you. While many franchising organizations work one-on-one with their franchisees (i.e., direct franchising), others will enlist the assistance of a master franchisor. The parent organization…

In a recent Franchise Canada magazine article, author Karen Stevens writes: “After the initial excitement of learning about the multitude of franchise opportunities out there, it’s important to seriously consider all of the financial details so that you can sign on that dotted line with confidence.”   When buying a franchise, “among the myriad of…