Showing posts with label franchisees. Show all posts
Showing posts with label franchisees. Show all posts

The Franchise Formula: Step by Step Online Marketing Success for Franchisors and Franchisees



The Franchise Formula provides solutions for the online marketing challenges unique to franchise businesses. With over five years providing search engine optimization (SEO) and search engine marketing (SEM) services for franchisors and franchisees, the author has helped hundreds of businesses overcome obstacles and maximize profits.

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Franchising: An Accounting, Auditing and Income Tax Guide - 2008 Edition: A practical guide for franchisors, franchisees, and their accounting and legal advisors.



Here's the perfect practitioner's guide to all aspects of franchising.
Franchising: An Accounting, Auditing, and Income Tax Guide By Ross A. McCallum
TABLE OF CONTENTS
1. Business Format Franchising-An Overview: Franchise Marketing Arrangements; Franchise Recruiting and Development Arrangements; The Franchise Purchase.
2. Franchise Development /Purchase Costs: Franchise Development Costs; Franchise Purchase Costs.
3. Franchise Fees/Revenues: Initial Franchise Fees; Multiple-Unit Franchise Fees; Continuing Franchise Fees/Revenue; Transfer Fees; Franchise Renewal Fees.
4. Specific Franchise Topics: Franchise Deposits; Security Deposits; Franchise Selling Expenses; Approved Supplier Purchases and Volume Rebates; Acquisition and Repossession of Franchises; Option to Purchase; Sale of Company/Franchisee-owned Outlets; Pre-opening/Opening Expenses; Franchisee Co-Operative Advertising Fund; Development/ Construction Fund; Long Term Accounts Receivable.
5. Financial Statements Disclosure: Description of Business/Summary of Operations; Unit Operating Statistics; Contingent Liabilities; Related Party Transactions; Economic Dependence; Contractual Obligations; Saturation of Markets; Segment Information; Subsequent Events.
6. Special Audit Issues: Conflict of Interest in Franchisor/ Franchisee Auditing; Franchisor's Right to Audit Franchisees' Records; Franchisee Reporting; Minimum working Capital; Minimum Insurance Coverage; Auditor's Involvement with Annual Reports.
7. Financial Information in Franchise Disclosure Documents: Federal Trade Commission Rule (New Rule); States Legislation; Uniform Franchise Offering Circular Disclosure Requirements: Item 21- Financial Statements; Financial Statements Disclosure Wording; Auditor's Consent Letter; Auditor and Audited Statements; Timing of Audited Statements.
8. Financial Performance Representations (Earnings Claims) in Franchise Disclosure Statements: Summary of Financial Performance Representations (Earnings Claims) Requirements; Auditor's Function Related to Financial Performance Representations (Earnings Claims); Examples.
9. Canadian/Foreign Franchisors Doing Business in the U.S.: Laws and Tax Treatment with Respect to Doing Business in the U.S; Direct Franchising into the U.S.; Establishing a Business in the U.S.
Appendices: Statement of Financial Accounting Standards No. 45; CICA Emerging Issues Committee Abstract of Issue Discussed: Reacquisition of Troubled Franchises by the Franchisor; Area Development Agreement; Master Franchise Agreement; Franchise Agreement; Application Agreement/ Deposit Receipt; Audit Confirmation Letter to Franchisees; Franchise Co-Operative Advertising Fund By-Laws; Advertising Fund Compliance Report; Construction and Renovation Agreement; Letter of Comfort from Franchisor to Franchisee's Bank; Example of a Report Relating to the Amount of Gross Sales; Federal Trade Commission Final Amended Rule: Part 436: Disclosure Requirements and Prohibitions Concerning Franchising; Uniform Franchise Offering Circular.

To help you find what you need FAST, Franchising: An Accounting, Auditing, and Income Tax Guide cross-references information in three ways, by:
1. Sequence of events in a franchise business cycle to the accounting and reporting principles in the text.
2. Chapter order, with a very detailed list of topics.
3. Function Index, with a listing of specific areas of interest (e.g. auditing, taxation, or franchisor/ franchisee issues).

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Papa John's franchisees open new store in Bristol



After the success of their first store opens in Derby, Papa Johns youngest franchisees, Hitesh Patel and Harry Singh, both aged 26 years old Papa John's pizza, opened their second store. The new outlet is located in the region of fishponds in Bristol. Business partners, Patel and Singh, who only got Papa Johns in April in years, tasted success quickly and now plans to acquire three additional franchise stores in the next four years.


"We chose Bristol fishponds as a placement as it relates to our development plans," explained Patel. "It is a densely populated area, with families and some students and one where we believe that the community will benefit from Papa Johns ' Better ingredients, better Pizza! ' brand.


"Our Derby store works well we are growing and are in the process of being established in the area," he continued. "We have already been visited by the local mayor, who was a true highlight. Now our new expansion in Bristol will take us to the next level of our development plan and we look forward to open new outlets in the near future. "


"Although the Lotte and Harry is our youngest franchisees, they actually have more than 12 years of combined fast food the background between them," explained Anthony Round, Business Development Manager at Papa John 's. "Their enthusiasm and experience combined with the support, Papa John's franchise team offers, means this business minded duo has the right ingredients to deliver an exciting future."


Papa Johns is one of the largest pizza companies in the world with about 4,000 stores worldwide and is rapidly expanding in 33 markets around the world. Papa John 's, which is famous for its product quality, has opportunities for potential franchisees throughout the United Kingdom, including the key places in the South-East, Yorkshire, Manchester, the West Midlands, East Midlands, South West, North East, Wales and Scotland.

This entry was posted on Monday, June 17th, 2013 at 6: 10 pm and is filed under franchises Info. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.


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