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Capital AccessDustin Winkle was a victim of the dot-com crash a few years back. While pondering his next career move, he visited with family members who operated some dry cleaning stores. He liked what he heard and purchased his first Martinizing Dry Cleaners stores six hours away in Yakima, Wash. It was a long commute from his home in Boise, Idaho, but he loved the business. Three years later his family was ready to sell its dry cleaning stores and Winkle was more than happy to buy some units closer to home. Today he operates 10 Martinizing Dry Cleaning stores (and one non-Martinizing unit) in the Boise area. Measure for Measure: Unit Economics Plays a Leading Role on Today's Economic StageThe most fundamental business strategy calls for black numbers on the bottom line. In simplest terms, it's proof the business is generating more cash than it is spending. All too often, though, entrepreneurs get involved in businesses without employing a proper system to help them keep a watchful eye on what they're earning and what they're spending. Managing day-to-day operations can be so time-consuming that it leaves little room for financial analysis. Or perhaps key individuals lack a basic understanding of how to read and interpret financial statements. Combine these factors with the down economy, and you'll likely wind up with a troubled business. Capital AccessGaining access to and securing capital is more important for franchisees today than ever. Every week we talk with multi-unit franchisees about how they are growing and the kind of financing it takes for them to achieve their goals and objectives. It's an important topic and sometimes we get some very candid responses. Deal or No Deal?: Due Diligence Key to Buying Bankrupt FranchisesLast issue we began the discussion of how buying assets out of bankruptcy court is time-consuming but usually easy - when done properly. But if you try to pick and choose, it can become more difficult. It's hard to determine a fair value for such assets. If you're not careful you could find yourself back in court fighting angry creditors who think you've cheated them. History Teaches, But Do We Learn?I will never forget as we clustered around a single Quotron watching as market prices plunged more than 23 percent on that fateful day back in 1987. I was a rookie analyst in a trust department and distinctly remember the shock and horror that everyone, from newly minted analysts to gray-haired veterans, felt as we watched the seemingly impossible happen right before our eyes. Honestly, having survived one "500-year flood" event, I never imagined I'd still be in the business when another came along. Economic Stimulators: Sheer Will And Smarts Help These Multi-Unit Franchisees Move Ahead In Challenging TimesIt was like a gut punch for Charlie Marshall. In less than a year's time, the Spring-Green Lawn Care multi-unit franchisee went from paying $12 per bag for lawn fertilizer to more than $25 per bag. "That will make you look for ways to streamline and cut costs," says Marshall. To add insult to injury, gasoline prices were skyrocketing, making it even more expensive to fire up his seven trucks and dispatch crews to care for his customers' lawns each day.
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The Arby's Franchise, a 40-year history doing things different and better. Own a fast food restaurant franchise known for their Roast Beef Sandwiches.
MyMenu is a retailer of delicious, highest quality frozen foods. MyMenu understands that time is not always on your side, which is why each store is stocked with hundreds of easy-to-prepare, highest quality foods in one easy-to-navigate aisle.
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DQ Grill & Chill Restaurant Franchise offers a total food service program, featuring a full line of our famous DQ® treat products and a full food menu. These restaurants are designed to feature food offerings while maintaining our DQ® treat heritage
A franchise that makes Good Sense. Healthy, fresh food priced right - dine-in, carry-out & delivery.
Wiggin & Dana, a Connecticut based law firm serving clients in the U.S., Canada and Europe.
The Franchise Law Team has been providing first quality legal service to the franchising community throughout the United States since 1985.
Perkins Coie LLP serves great companies with more than 600 attorneys in 14 offices across the United States and in China.
A new and different kind of law firm -- is dedicated to putting our clients' needs first and offering realistic and fair fee arrangements.
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