The Insiders TRUTH about Owning A Franchise

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3 жыл бұрын

Here's the TRUTH about Owning A Franchise directly from a Franchise Owner who EXPOSES everything. Buying a Franchise is a MASSIVE life altering decision. Learn the pros and cons of Owning a Franchise and some INSIDER SECRETS on Franchising.
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✅ Free Resources!
-FDD (Franchise Disclosure Document) Review Made Easy! (Detailed Guide to Review FDD)
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-10 Questions to Ask Franchise Owners
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-25 Questions to Ask Franchisors
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- 9 Vital Steps BEFORE Buying a Franchise
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✅ Career Transition Videos:
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How to Buy a Franchise with No Money (Franchise Owner Reveals)
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Start a business
Own my own business
Start a business with no money
Career transition
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career transition 2021
Start a business 2021
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work for yourself
gary vee
Should I Buy a Franchise? Pros and Cons of owning a Franchise directly from Franchise Owner Tariq Johnson. Should you buy a Franchise? Buying a franchise or starting a business is scary. Many people consider starting a business or buying a franchise in retirement or various stages of life. Having a successful franchise business is possible, but is not always easy. Franchise City.
#franchise
#franchise business
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Пікірлер: 101

@TariqJohnson 3 жыл бұрын

What do you want to know about Owning A Franchise? Make sure to head to my website and get my FREE Profit Blueprint. www.tariqjohnson.com

@mf732 3 жыл бұрын

Currently about to sign up to one and thinking of it

@justinfreeman4614 2 жыл бұрын

I'm considering a martial arts franchise, my main interest is Keppner Boxing right now. I have a full time salaried profession I'd like to stay in, so I would be an absentee owner. Do you offer any consulting?

@davidvvvvv1876 Жыл бұрын

Great content!

@safiyedouze2021 Жыл бұрын

These were great! Thank u

@TariqJohnson 7 ай бұрын

My pleasure

@davidfowler4790 3 жыл бұрын

Actively looking into a franchise. Thank you for this content.

@TariqJohnson 3 жыл бұрын

My pleasure! I coach my clients through the process. Make sure you are on my email list. I’ll be doing free live Q&A’s.

@kashaunparker6178 11 ай бұрын

Early research stage of the journey... just did a consulting call today with Kevin that was Awesome! I'm excited about the journey. Thanks for adding valuable information

@TariqJohnson 10 ай бұрын

Awesome! Will you be joining us in the system?! Would love to see you on one of the calls.

@fredfarzaneh5913 3 жыл бұрын

Hi,tariq,i hope you are doing good, your informational KZfaq videos are great and they are eye opening. Information is everything, every Ules is secondary.

@TariqJohnson 3 жыл бұрын

Thank you! 😀

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@MichaelBnothere 3 жыл бұрын

I'm actively looking into a healthcare franchise. I'm finding your channel and your videos very helpful. Much appreciated

@TariqJohnson 3 жыл бұрын

Awesome Michael, thanks for the feedback! Make sure you head to my website and download my free 7 Step Blueprint to Business Profits in 60 days...it'll help A LOT! Best of luck man!

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@nathanielcormier4930 2 жыл бұрын

Nice information

@TariqJohnson 2 жыл бұрын

Thanks 🙂

@MikeyFa5 Жыл бұрын

What books do you reccomend to read for franchise, hiring, and operations? Thank you

@audaciouslyaq Жыл бұрын

I am at the research stage, the very beginning of my franchise journey.

@karenjael7736 3 жыл бұрын

Hi, My husband and I are considering investing in a Franchise. Your videos have been soooo helpful.

@TariqJohnson 3 жыл бұрын

I'm so glad! Thanks for watching.

@rhess10 Жыл бұрын

Where do you find a list of the various industry multipliers in order to determine the value? Thanks.

@Tispickle 3 жыл бұрын

Hi Tariq, your videos are very useful. Thank you for keeping them free for us to watch. We looking to buy a coffee and muffin franchise in an existing location. Any insights please? It takes at least 2-3 months for set up and training. What happens to the franchise that time?

@TariqJohnson 3 жыл бұрын

Hey @Tisa. Make sure you do the proper due diligence and look at the financials for the business and no what it's 1. Making 2. Spending 3. Losing or Profiting. The current franchise owner continues to run the operations until you are fully approved and complete the sale of the business.

@khalidpayne2033 3 жыл бұрын

Tariq thanks for this my wife and I were just talking about our future plans and this is very helpful 🙂

@TariqJohnson 3 жыл бұрын

Glad to hear that Khalid- thanks for sharing! Make sure to go to my website and download my 7 Step Blueprint! www.tariqjohnson.com/

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@alfredoguardiola3408 3 жыл бұрын

Tariq just looking for another option besides working right after college. Goal is to feel secure and create a great amount wealth enough to retire at 45. We got a long time to create wealth starting at 18. Thanks for the videos it’s real and personal love that!

@TariqJohnson 3 жыл бұрын

Awesome man. So many options to create wealth. You are limited by your imagination- courage you have to declare the dream you want to create and then go out and relentlessly take action towards it.

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@thebtran1009 2 жыл бұрын

@@TariqJohnson you are the best motivation man. I guess

@dtaylortf 3 жыл бұрын

Thank you for just being "real".

@TariqJohnson 3 жыл бұрын

Yessir!

@derekschroe 2 жыл бұрын

Hey. Been watching your videos for a few weeks. I’m closing to signing a contract for “The Joint”. Got any opinion or advise for this franchise. I’m a Chiropractor

@TariqJohnson 2 жыл бұрын

Lease- Pick a good location, with an understanding of competition. Make sure to get atleast 6 months of free rent. There is a free franchise training on the next page here- watch it. www.zerotofranchise.com/opt-in

@mayankgehlot2809 2 жыл бұрын

Do u have any video about auto shop ( lube and tire ) franchise . I am looking for it.

@TariqJohnson 2 жыл бұрын

I made one talking about Meineke. kzfaq.info/get/bejne/eNd9Y7WT2NWokZ8.html

@music13q21 3 жыл бұрын

I would love to own my own franchise but I have no net worth. Would love guidance. Appreciate the video

@TariqJohnson 3 жыл бұрын

Copy and pasting my response from your other comment. Earn more money, spend less- and then save and invest. The strategy of HOW you do that depends on your individual circumstances and skillsets. Start by building the habit of saving and investing as much as you possible can with where you are now. Then figure out a way to increase your income, and always live below your means. Save and invest. Rinse and repeat.

@zekecapriano6868 3 жыл бұрын

Hi, what are your thoughts on Little Ceaser, Papa Johns, subways, with 50k which is possible to open ?

@TariqJohnson 3 жыл бұрын

Depends on your overall networth. They all have different networth requirements. From what I've read Subway has a $40k liquid money requirement. Research and figure out what the requirements are for each brand. Once you know which one's you can qualify for- research the brands, review the FDD, and talk to existing franchise owners to get a sense of the pros and cons with each one. My thoughts- Little Caesar is a dying brand, sub par product. Papa Johns- Have always like their pizza, they are everywhere although they kicked the founder out of the company for controversial statements- could that affect their success long term? Subways was dying off but has rebranded and stayed relevant, although they don't have quite the excitement that they used to. Email me if you want more insight info@tariqjohnson.com

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@waynez3885 2 жыл бұрын

Hi Tariq, an opportunity to buy an wexisting franchise is available. I’m told the price to pay to purchase the business is typically 2x of annual profits. Would you agree with that? I believe the franchise is managed so it is possibly a semi-absentee ownership.

@TariqJohnson 2 жыл бұрын

2-4x profits is a standard range. Resales can be tricky, there are a lot of nuances and you have to make you structure the agreement very carefully. It’s actually a speciality niche that I help a lot of clients with. Reach out if you want help in the process 🙂 Info@tariqjohnson.com

@kikijames333 9 ай бұрын

Thanks for the advice but i would like my own business.

@TariqJohnson 7 ай бұрын

You can do it!

@ChadinAZ 3 жыл бұрын

My wife and I disagree on two franchises. Franchise A is established on the east coast but fairly open in the western US. Franchise B has a good European presence (150 locations), but nothing in the US. Personally, I like B better but it is unproven in the US and seems like it needs to mature some. A has a strong processes and plenty of US franchisee successes. Both are semi-absentee, about 7 to 10 hrs per week. Any suggestions on how to make a choice?

@TariqJohnson 3 жыл бұрын

Interesting scenario Chad. It's all about which one aligns most with your vision, lifestyle, goals and skillsets. If all else is equal- create a scorecard on 10 categories that are important to you. Score them. Highest score wins. Less logical approach is go with your gut.

@joshuasmith8441 3 жыл бұрын

I'm fresh and new to the while thing trying to do my research in my free time at work. I'm looking to break away from the 9to5 and make my own money. I have a business background and want to start a franchise for the help and support. I'm wanting to come in low for a startup and get a high ROI looking at many different business but no food. And I want to be in the office or out getting new business I don't want to be in the field doing the work even though I know how to the work. I was thinking a carpet janitorial business or a building maintenance or broker for realtor. I have a ton of experience in building maintenance management and remodeling. But I've seen the market crash of 08 and I'm scared to do the "we buy homes" gig. Just looking for some insight from someone who is not a broker sling something

@TariqJohnson 3 жыл бұрын

I hear ya. Some of your expectations are unrealistic... EVERYONE wants low invest , high ROI and doesn't want to do the grind to build it. Usually a recipe for disaster. If you are actually 100% committed to doing WHATEVER IT TAKES to get the result- reach out to me. I coach people through this. But I don't work with lazy people. I work with people will do whatever it takes- because that's how you build a business! www.tariqjohnson.com/consulting

@LaraAdam 3 жыл бұрын

How to become franchisor ? Wat documents do we need to prepare. We have bakery and want to become franchisor. Kindly advice which documents we need to arrange?

@TariqJohnson 3 жыл бұрын

Hi Lara, you need to talk to a franchising attorney for that. Franchise businesses are highly regulated. I can introduce you to some companies that help people become the franchisor if you'd like. Email me at info@tariqjohnson.com

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@sebastianschaffner112 2 жыл бұрын

Could you tell me the top 5 franchises that are worthwhile with an initial capital of between 100k and 250k? Thanks a lot

@TariqJohnson 2 жыл бұрын

It doesn't exist Sebastian. The top 5 franchises will be different for each person based on their goals, skillsets, market they are in, and ownership style. If anyone ever gives you a blanket answer to that without knowing you at a personal level...RUN. If you want to get some specific advice on your situation, happy to help.🙂 www.tariqjohnson.com/consulting

@evaacosta6014 3 жыл бұрын

Thinking about selling my home and buying a franchise.

@TariqJohnson 3 жыл бұрын

What are you going to buy? Where will you live?

@zennation4468 3 жыл бұрын

Tariq i have a question, I've worked my whole life (10,5 years experience) in de food industry, i did everything from waiter to fast food restaurant manager and i was thinking of starting a business for myself either Franchise or starting something completely new. I'm not new to putting in a lot of hours as i was working 6 days a week most of my life. Don't mind putting in 7 days if i can make a good profit of it. I'm skilled in what i do and make the customers feel like theyre important. I know i can run a food business and i know i can lead a team. I will be there everyday being the first point of service for my customers and employee's. I do think outside of the box but I'm not sure if I should go with a franchise or start my own business from scratch. What would you recommend reading this text?

@TariqJohnson 3 жыл бұрын

Great question- but realistically man, I can't recommend anything- I don't you and your situation. This is why I do business coaching, because I can get to know my clients and actually give them advise. Here's what I can do - ask you questions. 1. Do you have the capital to open a food franchise? 2. Do you have the time, energy, effort- to come up with a complete food concept- from designing the location, to creating the menu, and everything in between. It's one thing working for someone else- having a guaranteed paycheck and just plugging into a system that already is working. It's a completely different ball game trying to create a business from scratch. If you want more personalized advise- and want to make your vision a reality then apply for my business coaching. www.tariqjohnson.com/consulting

@zennation4468 3 жыл бұрын

@@TariqJohnson yoo Tariq, appreciate the reply man for real! I do have capital, and i have a place where i can borrow from family if needed. I have the time energy and qualities to run a food business, that i know 100% sure. Just the whole business owner part of it is kinda new to me. I did everything u can think of within a company, ordering food managing the team making programs for the employee’s administrating their hours after work and everything. My plan now was to start a franchise and see how it goes, then if everything works out, hire a manager to take over my daily tasks and start my second business complete from scratch. What do you think of that? Is it possible to open a business from scratch while you also have to take care of your franchise or is that too much to ask off myself?

@TariqJohnson 3 жыл бұрын

That’s great man- sounds like you have really thought it through. A franchise is a great way to learn how to operate a business, with resources from the franchisor. The business side of it isn’t that complex- most people had to learn as they went- myself included. Another potential option is for you to buy an EXISTING non franchise/ or franchise business. Hit me up if you want me to coach you through the process www.tariqjohnson.com/consulting

@maazentabrez3804 3 жыл бұрын

Hello Tariq, your vidoes are very helpful and would like to connect with you on a new franchise that I want to get into my country and wanted to discuss further. Would you be interested in discussing further?

@TariqJohnson 3 жыл бұрын

Hi Maazen- thanks for your comment. I get a lot of requests to chat, but I only connect on the phone with people that are enrolled in my coaching program. You can apply here. www.tariqjohnson.com/consulting Also make sure you're on my email list at my website- as I do some LIVE Q&A's where you get to ask me questions!

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@daniedaphne 2 жыл бұрын

I am actively seeking the right franchise in the Florida area

@TariqJohnson 2 жыл бұрын

Awesome- I want to interview you. Send me an email at info@tariqjohnson.com

@michellepitzer9774 3 жыл бұрын

I don’t have much in liquid assets, but I’m a homeowner. I’m debating on selling the house, since the market is a sellers market currently. Once it’s sold I would easily have 200-300k in liquid, but I wouldn’t have anything else. Do you think that is a risky move, or would a loan on the house be sufficient? I’m looking into a soap franchise. They are asking for $125,000.

@TariqJohnson 3 жыл бұрын

Michelle, hello again. There are a few different options, you could sell yourself. You could just get a HELOC, and pull the equity and have it ready to use for your franchise. Buying a business is risky - period. No matter what method of funding you choose. It'll be less disruptive to your life to just get a HELOC and not sell. All depends on your goals and life.

@michellepitzer9774 3 жыл бұрын

Lol, yea I’ve been absorbing your channel for a few weeks. I always try and support small KZfaq channels with comments and likes as much as possible. Thanks for the help!

@TariqJohnson 3 жыл бұрын

Thanks for the support Michelle! Hopefully I won't be small for too much longer 😀

@mikefeir 3 жыл бұрын

Appreciate the content. Would be great to see a video about how to approach a franchisor to become franchisee

@TariqJohnson 3 жыл бұрын

My pleasure. Not sure I understand what your asking? Generally speaking you would just submit your contact info on their franchise inquiry website. Do you want me to just explain that process and the initial conversation or something different?

@DB-zk5ou 3 жыл бұрын

I just reached out to a company im looking at through instagram. Im in contact with them right now

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@DB-zk5ou 3 жыл бұрын

Hi Tariq. I'm in talks with a small franchise now. DayandNight cereal bar. If you get a chance, what do you think about their concept?

@TariqJohnson 3 жыл бұрын

Daniel- given the fact I can’t even find their website by googling around- I’m going to say that’s a no-go.

@DB-zk5ou 3 жыл бұрын

@@TariqJohnson dayandnightcereal.com is thier site. I got some info from them 25k franchise fee. Plus quarterly royalty: 10% net sales. There is a side note on franchise fee that I'm waiting to here back about. *varies with market size

@TariqJohnson 3 жыл бұрын

They need to work on their SEO. They don’t even show up on the first page of google. That’s a red flag for me. With only 3 locations- it’s a higher risk concept. How’d you get interested in this brand, and why do you want to open one of these with all the different brand options out there?

@DB-zk5ou 3 жыл бұрын

@@TariqJohnson i wanted to open something similar to this and like the concept and think it would do really well in my area that lacks anything like it. I also liked the target market, toddlers-older adults. Based on the concept I figured the start up cost wouldn't be outrageous. But I completely understand your concerns. Thank you for the time.

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@alexjones8113 3 жыл бұрын

What do you think of buying existing franchises? Do you recommend it?

@TariqJohnson 3 жыл бұрын

Alex- I'm a big fan of buying existing franchises. Proven track record, customers in place, and you're buying it for a multiple of earnings. There are some big risks though- you have to do really good due diligence, because people can fudge the numbers a bit, or not give you the full story- but with the proper due diligence and a strong business foundation, it's a great way to get started or replace/ add income from Day 1.

@alexjones8113 3 жыл бұрын

@@TariqJohnson nice to hear from you again and thank you for that information. Appreciate it

@TariqJohnson 3 жыл бұрын

Yessir my pleasure.

@StreetPiratesTV 3 жыл бұрын

To make 800k-1mil a year, which franchise(s) could make me that kind of income? Would I have to open multiple locations?

@alexjones8113 3 жыл бұрын

@@StreetPiratesTV sorry its me again is it advicable to have a part time (i.e side hustles) job while owning a business like a franchise even if i have a manager?