Last updated 5 hours 13 minutes ago
Buying into a franchise can be a very rewarding decision as long as you know exactly what you are getting into. Depending on your experience you may prosper with a fast food franchise or an epoxy flooring franchise. Here are a few basic considerations before signing a franchise agreement.
If you are considering signing a franchise agreement, chances are you are a businessperson and not a lawyer. However, it is crucial that you have a concrete understanding of any contract that bears your signature. For this reason it is helpful to hire a lawyer. He or she can help you understand the legal jargon present in the company’s contracts. It is important to fix any problems with your contract before it is signed rather than afterwards. You should also talk to an accountant so that you are fully aware of the company’s financial goals. You and your accountant can also discuss financial projections. In addition to a lawyer and an accountant, it is always helpful to talk to other people who have been in your position in the past.
Business and Financial Institutions
Organizations like the Better Business Bureau and financial institutions such as banks can provide financial information about the franchise that you are working with. Numbers speak for themselves, so viewing this information with an accountant can be very helpful. You can also find out about any complaints that may have been filed against the company.
Since many state governments have input regarding the sale of franchises, the Federal Trade Commission provides guides that help facilitate fair business practices. This protects the consumer and teaches business owners and operators how to avoid unfair practices. Whether you are signing a franchise agreement with a fast food company or a flooring service, be sure that you abide by governmental regulations.
REDRHINO Inc. is an epoxy flooring service with franchise opportunities. For more information about our flooring services please feel free to call us at (310) 734-2790 or visit our website. If you live in the Los Angeles area, stop by our offices and meet with us today.
Last updated 7 days ago
Epoxy floors can add an aesthetic appeal to your garage or workspace while being easy to maintain. This type of flooring is also safe and environmentally friendly. It is important to note that different grades of epoxy provide different levels of durability. Read on to learn about the durability of epoxy floors.
The thinnest type of epoxy, and therefore least durable, is the solvent-based coating. In solvent-based coating you may find solids from 30 to 70 percent. Although water-based coating is not as durable as a 100 percent solid epoxy flooring, it does provide a smooth finish that protects the floor against stains and chemicals. If you want the most durable epoxy floor available, the solid flooring should be your go-to option. It is a good choice for areas with a lot of traffic.
If you would like to know more about the durability of epoxy floors, call REDRHINO Inc. at (310) 734-2790. We are a Los Angeles based flooring company that provides epoxy flooring and coating. For more information about our services feel free to visit our website or stop by one of our 13 locations today.
Last updated 10 days ago
You may be interested in purchasing a franchise due to its preexisting business model and established brand name. While this can be a successful idea, you must start by figuring out your finances. Watch this video for tips on financing your franchise purchase.
One of the perks of purchasing a franchise is that the franchiser will know what the bank needs to see. The franchiser can give you the correct paperwork to show to the bank in order to finance your purchase. This paperwork should display projections as far as how much money your franchise is expected to make and spend.
REDRHINO Inc. is an epoxy flooring company that is based out of the Los Angeles area. Would you like to know more about our services? Please do not hesitate to visit our website or call us at (310) 734-2790. You can also stop by one of our 13 convenient locations to learn more about us today.
Last updated 17 days ago
If you are looking to redo your garage, basement, or other cement floor, consider epoxy floor finishing. This type of flooring is durable and visually pleasing while requiring minimal maintenance. Here is an overview of epoxy floor finishing.
In order to install epoxy flooring you must be equipped with the proper tools; this is one reason you should talk to a professional flooring service. You will need a floor buffer, preferably with a bristle scrub pad, as well as a drum sander. These will help you during etching and removal of coatings, respectively. Other tools include a chisel, float, trowel, and rollers. When it comes to clothing you should be wearing protective goggles, a mask, and gloves. You can isolate painted surfaces from painted ones using drop cloths and painter’s tape. Finally, you will need your epoxy paint and your activator.
Your floor must be cleaned before the installation of epoxy coating. First sweep the floor, wash it, and then patch up any large cracks. If your floor is not sealed, the next step is to begin etching the concrete. If your floor is sealed, however, you must sand the floor before etching; the surface of the floor must be somewhat rough in order for the epoxy to stick properly. Spread a mixture of water and muriatic acid across the floor and then rinse it with water.
Be sure that the floor is damp and the temperature is reasonably warm when you apply your epoxy. Your epoxy should be applied from the outside in; lay down a layer around the perimeter and then cover the rest of the floor. You can apply a top coat after the primer dries overnight. You can walk on your floor after two to three days and drive vehicles over it after four days.
If you would like to know more about epoxy floor finishing please feel free to contact REDRHINO Inc. or visit our website. We are epoxy flooring and coating specialists who operate in the Los Angeles area. Feel free to visit our website or call us at (310) 734-2790 for more information about our services.
Last updated 20 days ago
If you are business minded and have a background in anything from dry cleaning to epoxy flooring, getting involved in a franchise may be a smart move. However, there are many factors to consider beforehand. Here is what you need to know about buying a franchise business.
Consider Your Specialties
When it comes to buying a franchise business, it is important to start by thinking about your background. Franchises provide successful business models, but they must have someone with knowledge and experience in the field at the helm. If you have a background in flooring, you will be much more successful in buying an epoxy flooring franchise than a fast food franchise. Once you have identified your specialties you can make a list of possible franchises and begin to narrow them down.
Failure Rates, Startup Costs, and Competition
Once you have a concrete list of potential franchises, you have several aspects to consider: failure rates, startup costs, and local competition. All of these components are highly variable but also highly important. A franchise with a high failure rate should be avoided; failure could be due to a multitude of reasons, but it is always a risk nonetheless. Smaller startup costs are a plus because it requires a smaller investment. Your local competition should be a determining factor in which franchise you choose. Competition will make it difficult for your new establishment to thrive. If you open up an epoxy flooring service right next to another one, it will likely fail.
Budget and Legal Representation
No matter what type of franchise you choose, you must prepare your finances and acquire legal aid. You must be able to keep your business afloat until it starts to acquire regular customers, and you must always be aware of what you are signing.
Are you interested in buying a franchise business? Call REDRHINO Inc. at (310) 734-2790. We are an epoxy flooring business based out of the Los Angeles area. If you would like to know more about our services please do not hesitate to visit our website or stop by one of our 13 locations today.