Article published on 23 September 2010
Franchise get head start on starting businesses
Lynn Boden says that Curves franchise support has helped in his fitness Point Place grow.
(THE KING BLADE/LORI)
By SHEENA HARRISON
BLADE BUSINESS WRITER
Tom Curdes, the co-owner of two local Weed Man franchise, considers the franchise has played a crucial role in the growth of his business. Weed Man, a Canadian company, has given support company that helped him to write his first business plan. This document is allowed Curdes Mr. securing funding and buy a building in Holland last May 16.000-square-foot. He is confident that type of assistance will continue to benefit from its franchise that had $ 750,000 in sales last year. "If it had not been for my franchisor, who worked with me very diligently to put together a business plan, probably never would have done this," said Mr. Curdes, which has 25 employees among its undertakings Weed Man and his independent companies, Lawn Service Mr. Barron.Curdes is one of thousands of affiliates in which the undertakings concerning the economy, the u.s. Census Bureau. For the first time, the Agency recorded and analyzed the business statistics in franchising in its 2007 economic census. The survey is conducted every five years, and franchise information has been released last week. The Bureau received replies from 453,326 franchise, which accounted for 10.5% of companies interviewed for 2007 4.3 million. These companies reported approximately 1.3 billion in total sales for that year, compared to $ 7.7 trillion dollars for all companies. Have paid even 153.7 billion in salaries to 7.9 million employees.
Economist and statistician Andrew Hait said that the Census Bureau was surprised to see that the franchise constitute a substantial part of the nation's businesses. The Bureau does not study the number employed by each franchise. But Mr. Hait said that many firms were in industries that include typically small companies, fast food, educational services and diet and fitness centres. That may be why franchise providing support to owners of small companies who pay for it, compared with independent entrepreneurs, which usually go it alone."Franchise agreements give them a head start in themselves always going," said Mr. Hait. That was the case for Lynn Boden, which has a fitness centre of curves in Point Place.Mrs. Boden bought the business three years ago by its former owner, who opened the business in 2003.Mrs. Boden pays monthly franchise fees and providing its business with targeted advertising campaigns and support services including marketing services.Said that the charges were a bit hard to pay during the recession.However, she has grown its business.Thursday, the Center has three part-time employees and an annual turnover of approximately $ 60,000. do you believe franchise support of curves you will help build the company. "I think we get something in exchange for that I'm doing the payment franchise ", said Ms. Mr. Boden.Curdes said that franchise costs were manageable for Weed man. seasonally, are paid on the basis of the number of company vehicles. assistance to Mr. Curdes pays from Weed Man made it more success that would have been on their business. "The national buying power and the negotiations that are for us behind the scenes ... I could do that myself, "said Sheena Harrison. contact at:
sharrison@theblade.com or
419-724-6103.
Franchise get head start permanent links on starting businesses http://www.toledoblade.com/apps/pbcs.dll/article?aid=/20100923/business03/9220379/0/sports04 STORY: 20109220379
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