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Truck Wash Business Case Study
Often smart entrepreneurs look for out of the way businesses, things out of the mainstream but businesses, which have a good customer base and steady incomes. This is an extremely interesting story. I had always considered the mobile truck washing efforts to be very profitable and believed that fixed truck washes were a big waste of money. That was until one year when a new franchisee joined our team from Oklahoma City. I run a franchise company called the Car Wash Guys; www.carwashguys.com. Turns out the franchisee was formerly employed by Blue Beacon Truck Washes the largest chain of truck washes in the US. They do about $138,000,000 per year with 80 truck washes and the company is very closely held. Tim our franchisee was a truck manager for them and before buying into our franchise and started washing cars in OKC even though he knows truck washing best. He had a two-year non-compete with his old company, which we have honored in OKC. He has tons of experience and had indicated to me that the business is sound and we should really get into it. Later that year I sold a franchise to a person in WA State who owned car washes (5) and he made a deal with a truck stop on an Indian Reservation, he never started the plan, but the numbers we ran on the spreadsheet looked great and very profitable.
How to Sponsor an Event for Fun and PROFIT
How do you sponsor an event and get personal introductions at the same time?
Is a Small Business Web Site a Wise Investment?
One of the greatest pitfalls in e-commerce is Field of Dreams thinking, the notion that all one has to do is "build it (a web site) and they will come."
Four Reasons Why Small Businesses Succeed (or Fail)
The American system of business management has been admired and emulated around the world. This system is characteristic of two traits in the American psyche: (1) enthusiasm for the future and making things better, and (2) an openness and willingness to change in order to achieve that end.
Why Do Franchisors have Exclusive Territories
The reason we Franchisors call it an exclusive territory is because we will not sell that area again to another franchisee. That is your area to market and to conquer and to generally obtain as much market penetration as possible. If you are a home-based business or mobile franchise then this is a serious issue. You can put as many service units in your area can support and try to make the most reasonable profit you can per each service unit you put into your exclusive territory. Most franchisors charge a percentage of the gross income and probably make a little off every service unit you buy, so they want you to expand.
It is your area to develop. It is your business and your area and no one else is allowed in it. Part of your franchise fee is for your exclusive area. In other words, it is for your right to work and develop a business using your Franchisor's name and Franchisor's methods in that exclusive territory so that you can make money. The potential growth and profit available in your area is limited only by your own vision.
We, franchisors have designed a business and a system that works very well and you have the rights within that territory to market that business and make money. It is a win/win situation and as long as the regulators do not get or put a stick up their butts it works fine. Or an attorney comes along and tries to get in between the franchise relationship to file a lawsuit for their own personal gains.
Think on this.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
Related Smart Small News and Articles From adzines
You will have to take many decisions when you plan to start a vending business. The primary decisions involve selection of the vending machine supplier, machine models, pricing, products and vending machine locations. As the owner of a new vending business, you may not be sure what rate of vending commission to offer to the location owners.
Provides a list of some the major advantages that buying a franchise can offer individuals who want to become a successful small business owner.
As a small business, the more you focus on a niche market, the more likely you are to be successful. The key here is specialization.
UPS power solutions are required whenever aberration of the utility mains supply will result in problems occurring, whether it is loss of data on a server or the failure of life-support equipment. It does not have to be an interruption to the utility mains supply; high volt 'spikes' occurring due to the operation of other plant connected to the utility power network can cause interruptions or failure of unprotected equipment.
With franching being business it seems that there ae few places to turn to for impartial advice. Where would you go?