Franchise

The Nightlife Empire franchise is a marketing franchise that is responsible for the advertising and the promotion of night clubs. This is a direct quote from their online Ad; “ever dream of waking up at Noon, potentially partying with Models, Celebrities, and hanging out in the DJ Booth for a living? How about potentially getting Complimentary Food, drinks and VIP Bottles inside Nightclubs? You could possibly get yourself to Local Celebrity Status. Get Paid to Party.”

            After fully reading the franchise contract and assessing the offer offered to me by this franchise, my lawyer told me to go ahead and establish a relationship with them because based on what is said it seems to be really beneficial. After discussing with my lawyer about exactly what he uncovered from his research on the franchise I was able to determine that this franchise provided a significant amount of information about when it was established and how it can benefit me.

            From the website, http://www.franchiseexpo.com/franchise_locator.cfm, and http://www.corporationwiki.com/Florida/Tampa/nightlife-empire-inc/66732531.aspx, an investor can find out information about the franchise like when it was established. This franchise has been running successfully for about fifteen years now, and offers a lot of accommodations to its investors. In order for me to be a part of this franchise I would need to invest the amount of about fifteen to twenty four thousand dollars, and my total investment could range from about one hundred to two hundred thousand dollars. The fact that the franchise displays this type of information publicly is a really useful because it makes it a lot easier for investors such as myself to get a sense of what I am getting into.

            Not only does this Franchise allow me to see exactly how much I will have to invest but it also shows how much the franchise makes yearly. From the sources, my lawyer discovered that this franchise can make up to two hundred and eighty eight thousand dollars, but there is one catch , the amount of money earned, depends on the population and territory you establish it in. This franchise provides Training and support to all investors. One of the things I like the most about the information they provide, is the fact that they give investors demographics of areas where there is already an establishment and an estimate of about how much one is expected to make there. An investor s expected to receive 50% of net profit from events, and 100% of door profits. Based on this information I will definitely consider joining this franchise

Homework 4

 

During my quiz I had made an assessment to start a franchise and I would go into the hotel business my thought process was that you will always need to have a place to stay well on the road or on a vacation trip. To be honest the hotel business is not a risky business, if you start it in a needed area then has great service.

So I had picked IHG (Inter Continental Hotel Group). IHG is a leading global hospitality group. It has over 4,400 in over 100 countries and territories. They lead leadership positions in 15 of the 20 largest hotel markets in the world. IHG started franchising in 1954, they operate several hotel chains but if it was up to me I would go into Holiday Inn hotels and resorts. Since Holiday Inns are well know it won’t be a problem of getting it out their but the area in which you place the hotel. As I read thru both websites including the company’s website just verified my opinions about going into the franchise. But what did grab my attention was the initial start up cost was at least 1 million dollars. But on the company’s website it had a chart and had financing options and it had a category of third party. So I thought that maybe I can get an investor to invest, or maybe have a partnership with someone with just the money aspect, when I ever need money he would contribute, and I would manage the whole hotel. 

 

 

Additional perks are for marketing wise IHG has Ad slicks, National media, and regional advertising. I would never have to worry about the hotel getting any advertising. But a growing problem would be other hotels that are in the same area that my hotel would be in, but a little completion is good for you because it makes you think in different ways to have better hotel.

After all of my research thought that all the information that I need to operate such a business was there on either website and if I had more question I could shoot an email to the group themselves. And since they have been doing this for a long time I would love to be a part of the tradition