Tuesday, October 25, 2011

Buying a Franchise Business

Owning your own business can be a reality. To learn more, come to Bernardsville Public Library on Wednesday, November 9 at 7:00 pm for a SCORE Chapter 14 workshop on franchise ownership. Opportunities range from manufacturing, distribution, food, retailing, consulting, auto, and education, to home-based businesses and much more.

The program will be presented by Jack Armstrong, president/owner of FranNet of New Jersey and owner of a franchise of Sunbelt, the largest business facilitation firm in the country. Mr. Armstrong will help listeners determine whether purchasing a franchise is an appropriate option for them, and how to identify and then research a good franchise. He will also discuss the major components of a franchise agreement and the legal obligations of owners and franchisers as well as how to finance a franchise business.

Mr. Armstrong has owned FranNet of New Jersey, which specializes in the sale and resale of well-known national franchise companies, for the last sixteen years. He is Vice Chairman of the parent company and has served on the FranNet Board of Directors for the past twelve years. FranNet of NJ has won “office of the year” nine times. He is also an owner of a franchise of Sunbelt which has over 250 offices in thirty-eight states. Mr. Armstrong conducts more than 60 seminars a year on purchasing a franchise.

This workshop is sponsored with SCORE, Counselors to America's Small Business. SCORE and the Small Business Development Center at Raritan Valley Community College have formed a partnership to assist entrepreneurs and small business owners in establishing a business, identifying needed skills and other elements in the business environment that are necessary for a business to thrive.

There is no charge to attend the program, but advance sign-up is requested. Register online at www.bernardsvillelibrary.org and follow the link under Adult Programs, or call the library at 908-766-0118 to sign up.

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