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Franchise Financials Focus Reading »
Financial constraint is one of the world’s biggest stumbling blocks for entrepreneurs and investors across the world. Interestingly, if entrepreneurs review the U.S. branch banking deregulations, it shows the clear impact that bank competition has on entrepreneurship. Higher bank competition facilitated freer flow of capital towards projects that had the potential to yield the highest returns.
In the US, every franchiser is, however, required to offer the UFOC (Uniform Franchise Offering Circular), which has all the information pertaining to the franchisers and their offerings. The document has information about sales at different locations, costs and statistical data.
Find access to the Uniform Franchise Offering Circular, take a closer look and review the Item 19 as it contains important earning information and see how it affects your business plans and goals.
Understanding Financials through UFOC
Specific segments of UFOC need thorough review and analysis. Some of these are:
Financial statements: The UFOC features a segment that is exclusively for company owned units performance. Look at Item 21 or an extra addendum containing financial information.
Fees structure: Not every franchiser charges royalty and their fees as a certain percentage of gross sales. The formula is a complex set off algorithm that considers many factors. To find information about the fees structure, look for the Items 5 and 6.
How much to invest: Item 7 in the UFOC offers complete information about the capital you need to invest in order to be a franchisee. The section also features information about staff size, equipments and types of locations and investment charts.
Other franchisees: Item 20 of the UFOC lists the current and older franchisees along with their contact information. Unit performance information can be cultivated from this section as well.
A UFOC contains 23 items of information and all of it requires a thorough check. Remember, the federals laws in the US require franchisers to offer this document at least ten days before taking the deposits.
Any informed borrower is simply less vulnerable to fraud and abuse. - Alan Greenspan
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