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Archive for January, 2011

Franchisor Spotlight: Valley Goldmine

January 26th, 2011 No comments

Valley Goldmine

Gold Buying Franchise

Valley Goldmine is part of the billion dollar gold jewelry and precious metals buying industry; an industry we’ve seen boom even during recent recessionary times.  Franchisees earn money by purchasing their customers’ unwanted, outdated and broken gold jewelry and other precious metals.

Valley Goldmine uses preferred vendors to get their Franchisees the most money, while also managing the online marketing to drive business.  This concept requires little upfront capital and can open and ramp-up quickly.  They even guarantee the franchise fee; if a Franchisee does not earn back the franchise fee in the first year of operation, they will refund 1/2 of the franchise fee.

Valley Goldmine has been featured on MSNBC, Fox News and ABC, giving their brand unmatched credibility.

• Billion Dollar Industry
• Upscale, Professional Service
• Low Start-up Cost
• Financing Available
• Low Overhead
• Franchise Fee Guarantee
• “Done For You” Internet Marketing
• Instant Credibility from Media Coverage
• Recession Proof Business Model
• In Depth Training and Unlimited Support
• Earnings Claim Provided

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Stages of Franchise Consulting

January 26th, 2011 No comments

Signing the Agreement

Franchise AgreementThere were some complications before the closing that related to the referring entity.  My client was being charged a fee from them for a service that they were buying outside of being awarded a franchise.  The client didn’t feel comfortable with the amount of the fees and spent some time negotiating those which held the deal up for 2 additional weeks.  Once they had settled on a fee, the paperwork was sent and we scheduled a meeting to sign.

We scheduled another meeting to collect the check and sign the paperwork.  I also had the client sign an acknowledgment for my insurance and records indicating that they made their franchise decision on their own and did their due diligence to arrive at the decision to purchase a franchise.  Since the Franchisor would be doing a mail-away signature, the client signed the paperwork and we over-nighted it with the check.  The franchise was awarded and all parties gained from the transaction.  We created a win-win-win-win situation.  The next step for my client was arranging training which had already been penciled into the Franchisor’s calendar.  We called the Franchisor to tell him about the mailed package and to inform him of the confirmation of training.

My client was one step closer to opening his own STOP business!

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Stages of Franchise Consulting

January 6th, 2011 No comments

Final Meeting with Client and Franchisor

Client Franchisor Meetings

The next call we had with the Franchisor, my client came into the office.  He felt more comfortable with interactions in-person rather than over the telephone so I encouraged him to come back in.  He was pleased that I took the time out to see him in the office.  Once inside, we called the Franchisor for our final meeting.  We discussed the territory in detail and the adjustments that we made.  We went over the addendum changes again and confirmed that we were expecting the adjustments back from Eric Riess, our franchise attorney.   At the end of this meeting, my client and I discussed the transfer of funds to attend the next training.  The original training date was scheduled for October 11th 2010, however the Franchisor indicated his trainer had a challenge with that date and needed to move the training to October 25th, 2010.  We understood, however my client was extremely excited to start learning the materials.  He put in for the transfer and we made final arrangements to purchase his franchise.

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Learn more about becoming a Franchise Broker or FBA Member here.

This web site and the information contained herein does not constitute the offer or sale of a franchise. It is for informational purposes only. There are certain states that require the registration of a FDD before the franchisor can advertise or offer the franchise in that state. Franchises contained within this site may not be registered in all registration states and may not offer franchises to residents of those states or to persons wishing to locate a franchise in those states. The offer and sale of a franchise can only be made through the delivery and receipt of a Franchise Disclosure Document (FDD).