Expand Your Business by Selling Business Opportunities
If you don't want to be involved in the complexity of franchising, you might consider a business opportunity model for quick expansion.
Some of the types of businesses that lend themselves to sale as a business opportunity include:
•Work-at-home situations
•Low investment opportunities
•Service-type businesses
The "franchise tripod" (definition of what constitutes a franchise), consists of: 1) use of name, 2) payment of fees, and 3) ongoing mutual business relationship. It is necessary to remove one leg of the "tripod" in order to not be selling a franchise, and you probably will need legal advice to be sure you don't cross over. If you would like a consultation (not legal advice), on our perspective of this matter, we will be pleased to provide information.
Most of those of offer a business opportunity will eliminate the "use of name." However, after selling a few business opportunities, some companies find that what they really wanted in the first place was a franchise structure, and subsequently convert their business to a franchise operation.
Our business opportunity development service includes:
•Define your Business Opportunity Program
•Write your biz op agreement
•Consultation and guidance
•We will pay an attorney to approve the agreement for you
•Your total cost is only $3,600, which can be made in two payments of $1,800 each.
Additional services are available:
•Design and preparation of marketing program
•Assistance with advertising
Note: Some states have business opportunity registration requirements, just as some states have franchise sale registration requirements.