Comments on: Do You Want to Buy a Great Franchise? Talk with the Franchisees First http://www.franchisenote.com/do-you-want-to-buy-a-great-franchise-talk-with-the-franchisees-first.html Franchise information and franchising tips Wed, 14 Jul 2010 15:22:20 +0000 hourly 1 http://wordpress.org/?v=abc By: Ivan Widjaya http://www.franchisenote.com/do-you-want-to-buy-a-great-franchise-talk-with-the-franchisees-first.html/comment-page-1#comment-52 Ivan Widjaya Sun, 06 Sep 2009 08:28:32 +0000 http://www.franchisenote.com/?p=279#comment-52 Thanks for the good words, Joel... Unfortunately, I'm trying to avoid mentioning "names" (it's not related to NDA or anything like it - My personal preferences...) However, I could offer these facts: I'm located in South East Asia and have involved with a local leading business services franchise (similar to PostNet or Mail Boxes, Etc.), the business concept and potential is great, unfortunately I have to sell and close my stores due to financing pressure on my side (I use something similar to Small Business Loan, and the recession hikes the interest rate, and just like a domino effect, it affect the bottom line of my franchise units) - I closed one and sold another one back to the franchisor. I have built a great relationship with my ex-franchisor, so that we can share some insights even after I 'divest'. I also involved in some other business opportunities, a family business own some web properties, and is researching to invest in two local franchises I track (and investigate) after I gather myself and recover from the recession hard hit. Hmm - Maybe I just add those to the About page :) Thanks for the good words, Joel…

Unfortunately, I’m trying to avoid mentioning “names” (it’s not related to NDA or anything like it – My personal preferences…)

However, I could offer these facts:

I’m located in South East Asia and have involved with a local leading business services franchise (similar to PostNet or Mail Boxes, Etc.), the business concept and potential is great, unfortunately I have to sell and close my stores due to financing pressure on my side (I use something similar to Small Business Loan, and the recession hikes the interest rate, and just like a domino effect, it affect the bottom line of my franchise units) – I closed one and sold another one back to the franchisor.

I have built a great relationship with my ex-franchisor, so that we can share some insights even after I ‘divest’. I also involved in some other business opportunities, a family business own some web properties, and is researching to invest in two local franchises I track (and investigate) after I gather myself and recover from the recession hard hit.

Hmm – Maybe I just add those to the About page :)

]]> By: Joel Libava http://www.franchisenote.com/do-you-want-to-buy-a-great-franchise-talk-with-the-franchisees-first.html/comment-page-1#comment-31 Joel Libava Sat, 05 Sep 2009 16:37:08 +0000 http://www.franchisenote.com/?p=279#comment-31 Ivan, I just saw your about page. Nice job. What franchise were you a franchisee of? Maybe you could share your experiences.. The Franchise King Joel Libava Ivan, I just saw your about page. Nice job. What franchise were you a franchisee of? Maybe you could share your experiences..

The Franchise King
Joel Libava

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