BYOB NEWSLETTER – MARCH 2020
QUOTE OF THE MONTH:
“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.” Vince Lombardi
E2 Investor Visa – Franchise Investment
Available to franchise investors, the E-2 visa enables people from treaty countries that are seeking an opportunity to develop and direct a US Franchise company the opportunity to come to the U.S. Once here, you can control your franchise business to which you committed your funds and assets. The E-2 Investor Visa allows an individual and their family to enter and work inside the United States based on an investment he or she will be controlling, while resident in the United States.
E2 investor visas permit foreign nationals to reside in the United States with their family to direct and develop a commercial enterprise in which they have invested a substantial amount of money or capital. There are numerous requirements for obtaining an E2 investor visa that must be demonstrated before the visa will be approved. Many of these criteria can be challenging to prove which is why many investors consider a franchise to be an ideal choice for obtaining an E2 visa.
Many of my clients inquire about the potential to utilize a franchise as a vehicle to obtain the E2 Visa. To understand the advantages of the franchise model for an E2 visa, you must first understand the factors a consular officer will examine when analyzing your application. To qualify for an E2 visa, a foreign national investor must demonstrate the following:
1. Citizenship of a Treaty Country
The applicant must prove that he or she is a citizen of an E2 Treaty Country. The investor must prove that the funds that are being used to invest in the enterprise were in the possession and control of a national of a treaty country.
2. Applicant’s Investment Is Substantial
The E2 visa does not require a minimum investment amount. Instead, the investment must be “substantial” in relation to the total cost of the business.
3. Applicant Has Invested or in the Process of Investing
At the time of the application, the foreign national must have either already invested in the enterprise or have taken steps towards investment. This may include signing leases or contracts, purchasing equipment, or incorporating a business.
4. Enterprise Is a Real, Operating, Non-Marginal Commercial Enterprise
To prove that the business is a real, operating, non-marginal commercial enterprise, the applicant must present a five year plan showing how the business will operate, earn a profit, grow, and contribute to the economy.
5. Applicant Is in A Position to Develop and Direct the Enterprise
Finally, an applicant must show that the investment is active and that he or she will directly participate in the operation of the commercial enterprise.
Create Wealth Through Franchise Ownership
There are several strategies an investor can explore through franchise ownership, which offer multiple streams of income, thereby creating wealth. Most business owners want to be assured that they have consistent cash flow, so they are not “hunting and gathering” daily for revenue. Identifying which franchise opportunities offer these benefits are worth exploring.
Since there are thousands of choices, one can research, choosing a sector that is positioned for extraordinary growth, is the starting point of wealth creation. This task can be very overwhelming due to the number of choices in the marketplace. However, to make this process simpler, there is government data that identifies how various sectors are trending. The Department of Commerce, The Administrative of Aging, and other valuable government resources can help determine what sectors to consider. Some of the top trends include senior care, health care, real estate, automotive, health, and fitness and home-service businesses.
Once you identify the sector, you will want to “piggyback” other franchises that are complementary to your initial business. When you become a business owner, customers are more likely to work with you, if they know, like and trust you. So why not continue to offer more services or products to sell to your customers, thereby increasing your revenue streams and creating wealth. For example, you may consider a property management franchise and combine that sector with a handyman, inspection or fix and flip franchise. Some of these “add-on” franchises are low cost and can be funded with little money down through the SBA 7A Express loan program. Additionally, many franchisors offer attractive, in-house financing options for franchisees.
Finally, focus on businesses that offer reoccurring revenue streams. It makes sense to explore opportunities that customers regularly need so that your cash flow is consistent. I personally target senior care, personal care, child development, real estate, home-service, and fitness businesses. Each sector has various considerations that you need to evaluate; however, it is essential to consider what best fits your temperament and budget.
The goal of most investors is to identify a profitable sector, cross-sell additional services or products to your buying customers and then take the profits and invest in long term assets such as real estate so that you have a consistent monthly income. By following these few simple strategies, you can live out your golden years in prosperity.
Certified Franchise Consultant – Jim Davis
FRANCHISES OF THE MONTH
ChillRx Cryotherapy (https://chillcryotherapy.net/)
ChillRx, the advanced cryotherapy treatment center, announced today that it is launching a strategic U.S. franchise growth initiative. Positioned to grab a commanding hold on the retail cryotherapy treatment industry, the company’s planned progression into its new growth stage comes amid rampant consumer interest in the services ChillRx provides.
“Our mission is to ‘improve the health, fitness and beauty of our clients - all with a drug-free, non-invasive and extremely safe treatment’...and we believe that ChillRx’s affordable, efficient experience provided in a comforting, relaxed environment should be available to everyone,” said Julie Shanebrook, the founder and CEO of ChillRx who has been recognized for her innovative approach to creating a cryotherapy experience unlike any other. Our focus for 2020is on the future of our brand - continuing to excel in operating locations that distinguish themselves from anything else in their markets. And, we’re prepared to grow exponentially in the coming years.”
SHARKEY’S CUTS FOR KIDS (WWW.SHARKEYSFRANCHISINGCOMPANY.COM)
Take control of your future with a proven business and turn your dreams into reality with Sharkey's Cuts for Kids. We are the fastest-growing chain of children's hair salons in the United States, Europe, & Canada and we are seeking enthusiastic entrepreneurs to join our family. At Sharkey's, we know that kids ages 0-14 and parents want something different with their haircut experience. So, we provide it all: a superior haircut with warm, experienced stylists in a meticulously clean place filled with fun! Our brilliant formula for success is all about our multiple sources of revenue that flow through our shops! Haircuts, birthday parties, toys, hair accessories, and lots more.
TERIYAKI MADNESS (WWW.FRANCHISE.TERIYAKIMADNESS.COM )
Teriyaki Madness is a fast-casual restaurant concept serving up quality, fresh, healthy and flavorful Asian food in a high-vibe atmosphere. Through years of mastering marinating, grilling, and wok-in, we were able to make bowls that are as hearty and delicious as they are healthy. Our food is made when you order. Always fresh, never frozen marinated and grilled meats and customizable bowls meant for delicious and healthier eating. We have a collection of sauces, made from scratch with the best ingredients so we can bring a one-of-a-kind teriyaki taste to each bowl at an affordable price. Teriyaki Madness brings teriyaki to a whole new level with a family friendly, neighborhood feel. Asian food is the Global Hot Trend and the fastest growing food segment showing nearly 500% growth since 1999.
THE ALTERNATIVE BOARD (WWW.THEALTERNATIVEBOARD.COM)
The Alternative Board? brings together owners of privately held businesses to overcome challenges and seize new opportunities with a combination of peer advice and business coaching. Board members meet monthly to learn from one another's successes and mistakes to grow their businesses. The Alternative Board is the world's largest franchisor of peer advisory board services and business coaching. Franchisee/TAB-Certified Facilitators chair group meetings of owners, CEOs, and presidents of privately owned companies. In addition to facilitating these meetings, he/she provides individual coaching sessions using the Strategic Business Leadership (SBL) process and other proprietary tools.
These and 200+ other registered franchises are seeking International development. Go here to research: Franchise Power Search
Call us to learn more: +1 (850) 240.0109 or Email [email protected]
*******************************************************************************
Be Your Own Boss Newsletter is
Published by JD&A Franchise Consulting LLC