When investigating a franchise opportunity, the annual revenue is not the only basis for profitability. This article will guide you on how to determine a profitable franchise opportunity, based on important factors such as the franchise’s growth, the average sales per unit, success rates, franchisee reviews, and the ongoing support provided by the franchisor.
If you have your eye on a profitable franchise but are wondering how to finance it, you might want to consider a rollover for business startups (ROBS). A ROBS lets you use money in a 401k or IRA to without paying early withdrawal penalties or taxes. You can use a ROBS for franchise fees, a down payment on an SBA loan, or to cover the entire startup costs. If you have at least $50,000 in retirement funds, speak with a ROBS expert at Guidant for a free ROBS consultation.
