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returning veterans. The clear benefit a franchise carries is a Firehouse Subs are looking for franchisees in South Florida and tried and true method with less risk than opening a stand-alone other locations as well as Seniors Helping Seniors. business. “We like to call it formula entrepreneurship — a way to America’s Taco Shop, serves taco recipes of founder America be in business for yourself but not by yourself,” said Steve Caldeira, Corrales-Bortin’s mother from Sinaloa, Mexico. America’s Taco President and Chief Executive of the International Franchise Shop is looking for local franchisees who have a net worth of Association. The cost of opening a franchise ranges from as little $375,000 and $90,000 in liquid capital, said Dana Mead, director as $5,000 for a janitorial service, up to a few million dollars for a of franchise development. They have locations in Arizona and hotel franchise — with loads of options in between. Maryland and plans to open in Texas, California and soon, The key is finding the right fit for potential buyers like Jeff hopefully, South Florida. “We think the authentic, traditional Webster from North Palm Beach, who was strolling the aisles Mexican food will resonate very well in this market,” Mead said. the cost of opening a franchise ranges from as little as $5,000 up to a few million dollars. Friday, searching for a new family venture. “We have money to The number of franchise businesses in the United States is spend,” said Webster, who just sold a distribution business. “And projected to grow by 1.4 percent in 2013, just short of the 1.5 we just have to find something to do with it.” percent growth of 2012, according to the International Franchise IFA President Stephen Caldeira said “Instead of you having to Association’s (IFA) 2013 forecast report. Job growth is expected reinvent the wheel with a new business venture, you simply have to outpace other industries, with the number of franchise jobs to roll the wheel, In addition, franchising is like a family; there is expected to increase by 2 percent this year, down slightly from an existing network of people that you can tap into to help you be a gain of 2.1 percent in 2012. “We expect the franchise sector to successful.” continue to do well in the industries where franchise businesses www.OpportunityWorld.com Opportunity World • March/April 2013 13


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