The Based Business Franchises Blog

Buffalo Wings and Rings Franchise

May 19th, 2012

Franchising
Our franchisees are the heart of our organization. Their commitment, determination and drive to build our unique brand experience has made us who we are today.

Buffalo Wings & Rings is a fun, energetic place to catch up and connect, so it’s not surprising that our franchisees love to entertain and have a great appreciation for sports. They are hands-on owners who put in the time and effort necessary to build a strong business and create a one-of-a kind dining experience. They enjoy spending time in their communities and are true leaders who can motivate their staff to be engaging and provide an exceptional level of service. They have restaurant management experience and a strong understanding of the financials and goals that make a restaurant successful.

If you’ve owned a business in the past or currently own multiple restaurant units, and exhibit the strengths listed above, Buffalo Wings & Rings may be for you.

Franchising Philosophy

Owners Make the Best Operators

In our business, we know there’s nothing more important to success in our industry than an owner who’s personally committed to, and active in, the restaurant business. Across the board, our single unit, multi-unit and area franchisees all assume major roles in the operation of the business creating our customer experience.

Keep the Opening Cost Economical

We realize that converting an existing restaurant or other businesses into a Buffalo Rings & Wings can result in tremendous cost savings. That’s why our staff is well-suited to assist you in evaluating conversions and other construction alternatives that have the potential to reduce upfront costs significantly.

Keep the System Simple

We’ve carefully designed the equipment package as well as operational and business systems to be easy to run and execute. We want our franchisees to spend their time properly servicing every customer and creating a loyal following.

Human Resources are Expensive

People build retail brands. Finding talented people with appropriate experience is key. We will help to review key candidates you are considering. We’ve developed an extensive training program and established personnel policies and programs to provide a pleasant and productive work environment and promote longevity.

STEPS TO BECOMING A FRANCHISEE

Submit the Franchise Application
Contact us and we will email you a franchise application. Complete the application and return it to the corporate office. We will contact you within ten business days.

Meet the Company Executives
We will provide you with our FDD (Franchise Disclosure Document) for your review. During this meeting, you will meet the company executives and observe Buffalo Wings & Rings operations first hand at one of our locations.

Final Application Review
The company executives will review and evaluate your interest in our company, and your ability to operate a Buffalo Wings & Rings restaurant. Your financial and credit information is also verified. If accepted, you will receive franchise approval.

Enter into a Franchise Agreement
This agreement spells out the relationship and requirements of the franchisee and the company. The franchise fee is paid at this time.

Identify and Select a Location
Each franchisee will be required to submit desired sites to corporate for review and approval.

Begin construction and remodeling
Our staff, along with BW&R’s architect, approved general contractor, and vendors will assist you through the layout/design, permits, bidding and construction. A list of approved vendors will be provided.

Complete the Training Program
The Franchisee and members of the Franchisee Management Team will learn all aspects of Operations, Finance, Accounting, Leading Teams and Human Resource Management as it relates to running a successful Buffalo Wings & Rings restaurant. Additionally, you will be certified in Food Safety through the nationally recognized NRAEF ServSafe Programs.

THE WINNING COMBINATION: FRANCHISEE SUPPORT & CUSTOMER VALUE

Franchisee Training
At Buffalo Wings & Rings, we believe the foundation of success begins with thorough training. We also believe the most effective training combines on-the-job field experiences with classroom instruction that covers all aspects of managing and growing the business. Each Buffalo Wings & Rings franchisee is provided with extensive training at our corporate headquarters in Cincinnati, Ohio.

Our comprehensive five-week training program begins with an overview of the BW&R operation as well as the information and tools necessary to run it successfully. You will be certified in Food Safety through the nationally recognized NRAEF ServSafe Programs.

During the second stage of training, we focus on position training. This gives you the opportunity to learn each position hands-on so you will be better prepared to coach and train your own team members as they perform these tasks. You will also have the opportunity to “manage” hands on in our corporate training location. This is your chance to put it all together and experience firsthand the running of a BW&R location using our proven systems and tools. Here you will successfully lead the customer experience, coach the team and control costs all under the helpful guidance of our experienced trainers.

Our training support doesn’t end there. After completion of construction, our training team arrives at your restaurant to conduct one week of initial training for your new team members. Once open, our trainers will continue to support you and your team through the first two weeks of your operation, assisting you in laying the foundation for a successful Buffalo Wings & Rings.

The BW&R Support System
Our team strongly supports franchisees during the initial phases of development including: real estate, site selection, construction, marketing, finance and training. Ongoing services in areas such as revenue/expense analysis, corporate operations monitoring, advertising coordination and menu development are also provided.

FINANCIAL REQUIREMENTS

We are looking for brand partners with successful business experience and at least one operating partner with successful restaurant management experience.

We require a minimum of $400,000 in working capital and a minimum of $900,000 in net worth. The final decision to award a franchise is based on a combination of the applicant’s related experience and financial capability. Buffalo Wings & Rings selects franchisees that possess the qualities and capabilities to be successful and help our brand continue to grow and prosper.

The total investment in the business will vary based on the site selected, equipment package, leasehold improvements, deposits, construction costs in your market and other factors.

EZ Franchise Information Request Form. Please Use This Fast Form To Request More Information About This Opportunity. Thank You.




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The Franchise Opportunities FAQ Factors Guide | Millionaire Article …

May 19th, 2012



 


Franchise Opportunities or Business Opportunities?

Business opportunities are less structured than franchises, so the definition of what constitutes a business opportunity isn’t easy to pin down. In essence, a business opportunity is any package of goods or services that enables the purchaser to begin a business and in which the seller represents that it will provide a marketing or sales plan, that a market exists for the product or service, and that the venture will be profitable.

Here are other key factors:

A business opportunity doesn’t generally feature the seller’s trademark; buyers operate under his or her own name. Business opportunities tend to be less expensive than franchises and generally don’t charge ongoing royalty fees. Business opportunities allow buyers to proceed with no restrictions as to geographic market and operations. Most business opportunity ventures have no continuing supportive relationship between the seller and the buyer; after the initial package is sold, buyers are on their own.

The Pros of Franchise Opportunities

The greatest strength of making a franchise opportunity is its ability to bring independent retailers together using a single trademark and business concept. The benefits of this affiliation are many: brand awareness, uniformity in meeting customer expectations, the power of pooled advertising and the efficiencies of group purchasing.

1.Reduction of risk
2. Turnkey operation
3. Standardized products and systems
4. Standardized financial and accounting systems
5. Collective buying power
6. Supervision and consulting readily available
7. National and local advertising programs
8. Point-of-sale advertising
9. Uniform packaging
10. Ongoing research and development
11. Financial assistance
12. Site selection guidance
13. Operations manual provided
14. Sales and marketing assistance

For the individual owner, there are several advantages and franchise opportunities. The ever-present risk of business failure is reduced when the business program has already proved to be successful in the marketplace; the use of an established trademark saves the business owner the cost of creating and advertising a name that customers will recognize; and the advantages of group advertising and purchasing make operations more profitable. In addition, ongoing training creates an instant operational expertise that would otherwise need to be acquired through trial and error. Also, with franchising, expansion seems to come more naturally. Operating a successful franchise may quickly lead to building a second and then a third business, and so on. Fortunes have been built this way.

If by this point you feel the benefits of forming a franchise are calling your name, you may be a good candidate to start a franchise. That said starting a franchise is not for everybody so continue reading, and we’ll guide you to make a decision

Ask Yourself the Right Questions

Why specifically do you want to own a franchise? Are you money motivated? Do you feel that you’re at a dead end where you are now? Being money motivated is important. This characteristic will tend to hold you in good stead when you have to work long and hard in the first two years of owning a franchise. Do you fit in the corporate environment? Do you like working for someone? Have you ever been called a misfit, a maverick, or a malcontent? If you are very comfortable working for someone else, then owning your own franchise might not be for you.

Do you really enjoy working hard, even if there is no immediate reward? How self reliant are you? Do you wait for others to take the initiative? Do you need the approval of others and considerable support before you make a decision, start a task, or move in a new direction? Are you a risk taker? Are you willing to place your time, energy, and money into a venture that has the possibility of failing? Any way you cut it, you have to take a chance. There are failures in franchising-Less than 10% but the risk is still there. Can you handle it? How self reliant are you? Do you wait for others to take the initiative? Do you need the approval of others and considerable support before you make a decision, start a task, or move in a new direction? You do have to be relatively self-reliant because you do have to manage the business day to day. However, one of the most significant benefits of owning a franchise is the support given by the franchisor.

The phrase “You are in the business for yourself but not by yourself” is very true. Do you enjoy being the boss, or having the authority and responsibility for the success or failure of a new venture? If you are the kind of person who enjoys being in charge, then having the authority and responsibility for the success of the venture will not be a problem. Are you a positive person? Being a negative person is a luxury you can ill afford in business. Negative thinking begets failure. You simply have to be a positive person in order take advantage of franchise opportunities. Do you have good people skills? Can you interact with people effectively? Do you like people?

In nearly all franchises, good people skills are critical. If you don’t have good people skills, you must be willing to develop them. Can you stick to the franchisor’s system, or do you have to do everything your way? The primary reason that franchising is so successful is because the learning curve is transferred from the franchisor to the franchisee. The franchisor has developed a successful system. If you are going to be a franchisee, you must be willing to stick to the system. You have to do things the franchisor’s way. Not your way. Do you like to teach? Do you enjoy training people in new tasks?

The nature of franchising necessitates almost constant training for employees. It certainly makes it a great deal easier if you like to teach. Can you handle multitasking? Can you cope with the multiple demands of operating a business? Operating a business requires wearing many hats. You have to be willing to do everything from mopping the floors to dealing with irate customers. Are you willing to accept the help of others? You simply must be willing to accept the help offered by the franchisor. It is valuable and it will help you succeed. Also, help is often forth-coming from employees. It’s prudent to accept all help offered. Do you have the determination to get what you want and go for it 100% ? Achieving success does require a certain degree of inner strength. If you feel strong enough to make your franchise successful, then go for it.

What is your educational background? What is your work experience? What do you really know how to do well? This seems obvious but it deserves some thought. The closer your experience is to the type of business you are considering, the better are your chances of succeeding. What do you absolutely love doing? What are your hobbies? A fundamental of human nature is that we always do well that which we love. If the franchise involves doing what you love, then you are way ahead. Or, which is more realistic, if you can fall in love with the franchise concept, that’s the ideal.

Do you really like people? Do you have good people skills? Most franchises, certainly all retail franchises involve a great amount of people contact. Even if you really like people, it can sometimes be overwhelming. If you are not a “people person,” lean towards the franchise concepts with less people contact. Are you introverted or extroverted? Are you introverted or extroverted? Some franchises involve you to be outgoing, others not. Don’t put yourself into a situation where you must do things totally against your nature. Are you the hands on or hands off type?

To be successful, most franchises require a hands on approach. However, there are some which are suitable for absentee ownership or a hands-off approach. We can help you find the right match for you. Are you willing to work long hours, six to seven days a week? Most new franchises demand a great deal of energy and time in the beginning, especially anything food related. Look very closely at what is going to be demanded of you personally and make sure you are willing to give it.

Are you a risk taker? Are you willing to bet on a new unproven concept or would you be more comfortable with a well-established and proven franchise concept? Do you like to sell? Some franchises demand a lot of selling by the owner and some do not. We can help you find which ever franchise will best suit your individual talents and interests. Does the idea of really becoming part of a community appeal to you? A very effective way to insure success is to become a giver to the community where your franchise is located. The more you can give, the better your chances of succeeding.


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Is a Franchise right for me?

May 16th, 2012

Part 3 from our recent franchise webinar featuring Nick Strong of Select Your Franchise. In this episode Nick addresses the question ‘Is a franchise right for me?’. Excerpt: "The great news is for anyone that’s thinking about managing that risk and thinking about going into franchising, is that consistently over the years, the NatWest and British Franchise Association national survey has revealed that over 90% of people that run franchises, the franchisees, actually run profitable businesses. So that’s one of the key reasons why the banks are so interested in franchising because there’s such high levels of success for those that take on and run a franchise business." Find the right franchise for you at: www.selectyourfranchise.com

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The Rock: The Franchise Saver

May 16th, 2012

The Rock is breathing new life (and money) into tired film franchises.

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Finding the Home Based Franchise Near you for Home Repairs | Aci …

May 16th, 2012

According to many industry sources, house repair companies are among the best franchises in the United States. Baby boomers, wealthy double-income families and elderly people no longer able to finish remodeling jobs all alone all require aid from qualified handymen. Enrolling the help of a home service franchise can save the home-owner time, aggravation and money because independent home improvement professionals regularly charge more than a national chain.

Often referred to as “home improvement businesses”, house repair services come under several headings. They may be general handyman franchises that offer a selection of household services, covering everything from installing reinforced doors and securing back-up generators to adding or fixing shelving, stair rails and paneling. A general home repair franchise offers specialized services for any part of your house, including the bathroom, kitchen, cellar and garage. Specialized home franchise repair services handle bath and countertop resurfacing, wood floor refinishing or tile restoration and repair. Some home improvement services offer custom-made walk-in tubs for physically challenged people, baby safety enhancements like adding safety latches to cupboards and drawers, safety gate installations and hot water guards on sink taps. Since these services are part of the franchisor’s system, loose guidelines for each process are prepared saving time and money for both client and contractor.

A home repair franchise has accessibility to all types of support services from the business headquarters. They receive help in selecting and coaching qualified engineers. The franchise business system makes it easier for owners to identify and hire licensed, bonded contractors to finish work on customers’ houses.

A franchise business gives customers a feeling of security. Nationwide home improvement services feature a built-in record and concentrated support services for each franchisee. Customers know they can depend on a home repair franchise with numerous locations and a national system of checks and balances. They don’t need to spend a little time researching the contractor’s reputation. The home based franchise corporation has already vetted and trained the home improvement franchise owner in proper processes. For franchise owners, this means a bigger market, ease of operation, and all the legal and accounting inventory aspects spelled out for you. This allows the franchise owner to work on servicing customers, hiring staff and the day to day business operations.

If you’re interested in buying your own house repair business, do research by consulting entrepreneur websites and magazines with lists of available franchise opportunities. Understand the franchisor’s history before meeting them in person. Ask other franchisee owners about their thoughts on the organization. Always have your attorney review a contract with you before officially signing with a franchise.

A home repair franchise business supplies novice franchisees with a business proposal, accounting and resource allocation software, marketing support and a particular work area. Most renovation business franchises are run as a home-based business, saving the franchisee the cost of renting office space. Prospective franchisees can take advantage of government and private programs with incentives for vets, minorities and women that start uptheir own companies.

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Information About Canadian Home Based Internet Businesses

May 16th, 2012

If you live in the Canada area you can easily find some really nice work at home ops. These opportunities are home based businesses, franchises, freelance jobs and much more. I’m also going to include some information about Canadian tax laws as well. When you start working at home there are two really big things you should be concerned about and be ready to take care of. The first thing is taxes.

Thankfully if you do things right you can have a lot of write offs so at the end of tax time you can pay less on those items you bought for your business. Also, make sure you actually pay your taxes! I know this sounds like a dumb thing to bring up but you would be surprised how many people think that just because they work at home, they can stop paying taxes! No, it doesn’t work like this! The second thing you want to look into is different zoning laws about your house.

Since your home will be a large part of your home business, you want to make sure you follow any and all zoning laws. You wouldn’t want to make the mistake of setting up a home business at home, only to find that zoning laws prohibit you from converting your home into a business area!

Now on to the businesses. Here are a few franchises as well as other businesses like network marketing business you can look into. You can also look for sites that have “Canadian Home Based Internet Businesses” online:

Franchises:
Home Doctors Handyman Service – Investment Level $30k
Home Inspection Service – Investment Level $30k
Health Career Agents – Investment Level $30k
Interiors by Decorating Den – Investment Level $40k
Snap On Tools – Investment Level $39,334 – $52,000
Floor Coverings International $70k

Network Marketing:
USANA Health Sciences
MonaVie
The Davis Consulting Group
Amway
Gourmet Coffee Club

Websites to visit:
Yahoo Canada Directory – Business_and_Economy/Business_to_Business/Business_Opportunities/Network_Marketing/
TheNetworkMarketing Magazine
PowerHomeBiz
About: Small Businesses in Canada (tax information)
About: Small Businesses in Canada 6 Home Based Business Tax Deductions You Don’t Want To Miss

You can also search for books on places like Amazon and Ebay, as well as free e-books online. All of this information should get you a little closer to having the home business you want, as well as having some really good information about how to run your business, do’s and don’ts, laws, tax info, etc.

Have fun finding the perfect business! It’s going to take a little patience and determination but, I’m almost positive once you get through the “rough” stuff you will really enjoy this and be happy that you chose to work from your own home office. In my experience it has been one of the BEST choices I have made in life thus far!

This author is a huge fan of Canadian Home Based Internet Business

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Choosing the Best Franchise in your Area for Home Repairs | Get …

May 13th, 2012

According to several industry sources, house repair companies are among the top franchises in the United States. Baby boomers, well-off double-income families and elderly couples no longer able to finish remodeling jobs on their own all require aid from competent handymen. Enrolling the help of a home service franchise can save the homeowner time, trouble and money because independent home improvement professionals regularly charge more than a national chain.

Also known as “home improvement businesses”, house repair services come under a few headings. They may be general handyman franchises that offer a variety of household services, covering everything from installing reinforced doors and securing back-up generators to adding or correcting shelving, step rails and paneling. A general home repair franchise offers specialized services for any part of your house, including the bathroom, kitchen, basement and garage. Specialized home franchise repair services handle bath and countertop resurfacing, wood floor refinishing or tile restoration and repair. Some home improvement services offer custom-made walk-in tubs for physically challenged people, child safety enhancements like adding security catches to cabinets and drawers, safety gate installations and hot water guards on sink faucets. Since these services are a part of the franchisor’s system, loose guidelines for each process are already in place, saving time and cash for both customer and contractor.

A home repair franchise has accessibility to all types of support services from the business headquarters. They receive assistance in selecting and training qualified repairmen. The franchise business system makes it easier for owners to find and hire licensed, bonded contractors to finish repairs on customers’ houses.

A franchise business gives customers a feeling of security. Nationwide home improvement services come with a built-in previous record and centralized support services for each franchisee. Clients know they can depend on a home repair franchise with many locations and a nationwide system of checks and balances. They do not need to spend a little time researching the contractor’s reputation. The home based franchise company has already vetted and trained the home improvement franchise owner in proper procedures. For franchise owners, this means a bigger market, ease of operation, and all the legal and accounting inventory aspects spelled out for you. This frees the franchise owner to focus on servicing buyers, hiring employees and the day to day business operations.

If you’re interested in purchasing your own house repair enterprise, do research by checking entrepreneur web sites and magazines with lists of available franchise opportunities. Understand the franchisor’s background before meeting them in person. Ask other franchisee owners about their opinions on the company. Always have your lawyer review a contract with you before officially signing with a franchisor.

A home repair franchise business provides novice franchisees with a business outline, accounting and resource management software, PR support and a specific work area. Most home improvement business franchises are operated as a home-based business, saving the franchisee the cost of renting an office. Prospective franchisees can make use of government and private initiatives with incentives for veterans, minorities and women that start uptheir own enterprises.

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Coffee Shop Franchise | Business franchises

May 13th, 2012

Coffee Shop Franchise

Have you always wanted to start you own business? Has the lack of an idea for a good business held you back? Has the proposed cost of starting a business been a factor in your decision to put it off for another year? Maybe your reluctance is due to none of these reasons. Maybe you’re like so many other people who have been laid off and are simply looking for another way to make money.

Whatever your reason or reasons are for not starting a business, you might want to rethink it or them, because there couldn’t be a better time to realize your dream of being the boss. The time and money that it takes to start up a business have now been minimized through a business model called franchising. The ‘How’s’, ‘When’s’, and ‘What’s’ of starting a business have all been answered for the investor. Questions like: “How do I run my business day to day?; “When’s the best time to reorder supplies and “What’s the best way to market my business are no longer yours to answer. The only question that is left for you to answer is: “Why didn’t I do this sooner?”.

If an effort to help you find the answer, we present the coffee shop franchise for your consideration. Coffee is ‘HOT’, both literally and figuratively and customers can’t seem to get enough of it. Everywhere one turns these days someone is offering their brand of brew. While this may sound like a reason to stay away from a coffee shop franchise, the truth couldn’t be more to the contrary, because there is plenty of room to grow in this industry. Growth potential aside however, the fact that every brand of coffee has its own distinct flavour and therefore its own fans means that there will always be a market for a new brew.

When searching for a coffee shop franchise in which to invest, keep this last thought in mind as you seek out the brew that is most attractive to you. Find the coffee that will find your customers with a heavy but inviting aroma and keep them with a flavour that will delight their taste buds. Even if you are not a coffee connoisseur, many of these businesses have sought out the approval of their peers and have won awards for their efforts. This is easy to determine, because a winning record is not something that any business likes to hide.

Do not however let taste be the only selling point that attracts you to any particular brand, because the taste of any coffee can turn bitter if the business is mismanaged or run poorly. There should therefore be other factors that help you determine whether a particular coffee shop franchise is right for you. It is now time to look at other aspects of the franchise like training, hiring practices and a plethora of other traits that determine a businesses success.

Now is the time to act. The rewards of owning your own business couldn’t be more apparent amid the large-scale layoffs. Take charge of your life while brightening people’s days with your very own coffee shop franchise.

About the Author

For More Info:

http://www.coffeefranchise.net.au/coffee-shop-franchise-3“>Coffee Shop Franchise

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Financing for Franchisees | World News Gathered & Syndicated

May 10th, 2012

Arthur Romanov and Irina Salgan opened their sixth Edible Arrangements fruit-basket shop recently to take advantage of low real-estate prices and easy-to-negotiate contractor bids.

Quiznos

Quiznos store operators Steve and Valerie Mallard, left, in their Denver store with John Fitchett, head of a new Quiznos financing program.

Despite good credit and a strong track record, the longtime franchise owners weren’t able to secure traditional bank financing, as they had for past expansions. Instead, Mr. Romanov and Ms. Salgan used a lease-to-buy program offered by Edible Arrangements International Inc.’s year-and-half-old financing arm, Farid Capital.

As bank lending continues to be sparse, a number of corporate franchisers are providing financing arrangements and other aid to potential franchisees. Though business owners say they’re grateful for the assistance, many of the programs do come with strict terms.

Farid Capital’s lease-to-buy program requires most franchisees to contribute about 30% of the costs. But Mr. Romanov says he wouldn’t have been able to afford the $130,000 in start-up expenses without the $60,000 he requested from Farid. “We need all the help we can get,” he says.

The moves by franchisers to provide more aid come as many former top lenders, including CIT, Comerica and Banco Popular have severely curtailed their lending, says Ronald A. Feldman, chief executive at Siegel Financial Group, a business consulting firm in Conshohocken, Pa., that specializes in business acquisitions and franchise financing. What we’re seeing is that some franchises will now “provide credit enhancement to banks, such as partial guarantees on the loan,” Mr. Feldman says.

Others are helping candidates become more viable before heading into the bank. Dunkin’ Donuts has reduced some of the royalty fees the franchisee would pay, so long as the shop opens in targeted markets. Because franchisees pay those fees on the sales they make, they can show the lender “greater profitability and ability to repay with reduced expenses,” explains Grant Benson, vice president of franchising for Dunkin’ Brands Inc.

At the International Franchise Association, a trade group in Washington, spokeswoman Alisa Harrison says more franchises are brainstorming strategies, such as developing internal financing divisions. “Members have told us some of their highest-quality prospects are still having a tough time getting financing,” she says.

Banks are expected to lend $6.7 billion to franchises in 2010, an amount that is projected to fall some $3.4 billion short of demand, according to a study released in December by the IFA and FRANdata, a franchise research firm.

Not all franchises are in need of a creative work-around system, as the severity of the credit crunch has varied from franchise to franchise. Prior to the recession, franchisees often found start-up capital at lenders that were partners with the franchiser. But lenders are now more wary of those franchises that carry high loss and delinquency rates.

Before the recession, too-lenient franchisers sometimes funneled weak candidates through the start-up process, says Bob Coleman, who collects data on loans backed by the Small Business Administration. According to a preliminary report compiled on loans from the government’s last fiscal year, some franchises had loss rates as high as 27%. As a result, “banks today look at the performance of the franchiser,” he says.

Corporate franchisers lending to potential franchisees isn’t new. Sylvan Learning Inc., a tutoring company, and Firehouse Restaurant Group Inc., a Midwest and Southwest chain that owns Firehouse Subs, established lending arms years ago.

But some of the newer lending models don’t follow the traditional mold. Quiznos, privately owned by QIP Holder LLC, created a lending division earlier this year that allows parties to buy a store with only a $5,000 down payment. Participants don’t pay the franchise back in predetermined amounts. Rather, owners must funnel store profits—80% each month—back to the company until the loan is repaid, which is expected to take two to five years. Initial losses are tacked on to the loan.

John Fitchett, the program’s president, says the company uses different criteria than banks, rating applicants based on experience and personality first, while other factors such as financial history and credit scores are secondary.

“We’re seeking out [candidates] who have a restaurant background, and the savvy to run it,” says Mr. Fitchett.

Until the loan is paid off, the store owners are actually Quiznos employees and the store is legally owned by Quiznos. If the store doesn’t turn a profit in 12 months, Quiznos reserves the right to change ownership, Mr. Fitchett says.

Eight stores have opened and Mr. Fitchett says he expects about 200 to follow by the end of this year. The program is open to new owners or existing ones who want to expand.

Steve and Valerie Mallard, one of the first accepted applicants, opened their Quiznos store in Denver last month and have hired 15 employees. Mr. Mallard, who has a history of working with Subway and Ruby Tuesday restaurants, says he wouldn’t have been able to finance such a store on his own.

Despite being the “guinea pigs,” he explains, “it’s nice to have a low-risk program in this economy.”

Write to Emily Maltby at emily.maltby@wsj.com

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Types of Art Work Necessary for a Banner | SIGNARAMA Blog

May 10th, 2012

The best banners contain at least a small amount of artwork. It’s more than just text; you need visual imagery to catch someone’s attention. But how to choose the right artwork?

For starters, it depends on how far away the banner will be seen. If it will be about a couple hundred feet, like billboards, you can really get away with using a 15 dpi (dots per inch) image, because people are too far away to see that it’s not clear and crisp.

However, if you are using a fabric banner in a new exhibit at your local museum, it will need to be at 300 or 600 dpi – excellent quality (300 dpi is considered near photo quality when the printout is held at arm’s length).

Preferred file types

When you give an image to your SIGNARAMA store, it is important to note that there are some image files that typically work better when creating a sign than others. We like to receive JPEG and TIFF files, as they are the two best photo-quality files.

Other file formats that are okay to use include EPS and PDF are also fine for vector images. The files we have a lot of trouble working with are usually Microsoft Publisher files, PowerPoint files, and Word documents.

Generally, if you’re using photos, you can/should create your JPEG and TIFF files in Adobe Photoshop. If you’re using a lot of text and vector artwork (logos, drawings, etc.), you should use a vector-based program like Adobe Illustrator or CorelDRAW.

If you don’t have these programs, you can either find a freelance graphic designer who does (any graphic designer worth their salt will have these programs), or you can work with your local SIGNARAMA store, since we also have them available, and can help you with your design work.

Design it yourself online

SIGNARAMA also has an online store at signarama.com. Rather than spending several hundred dollars on design programs to make your own signs and banners, just log on and design your sign or banner yourself.

If you have more questions about what kind of art work you need for your next banner or sign, talk to your local SIGNARAMA store. They can tell you everything you need to know.

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