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4 Steps to Selecting the Best Franchisee

Sue McConnachie   |     Jul 30, 2018

Choosing the right candidate to operate your new franchise can be difficult and time consuming, but taking the time to do it right can offer a number of benefits. This could include reduced turnover and disputes as well as improved brand image and better allocation of resources.

To assist you with your selection process, here are four steps to help ensure the best decision regarding new franchisees is made at the outset. 

Why You Should Take an Investigative Approach to Credit Repo...

Sue McConnachie   |     Jul 18, 2018

Assessing your risk using investigative-style reporting will offer valuable insights that cannot be obtained through traditional historical database reports.

While both investigative and database approaches will help you and your company evaluate risk for potential business partners - including suppliers, manufacturers, customers, partners, prospective tenants, franchisees - the two methods of credit reporting differ in many ways. 

The Current Tenant Base Reveals the Real Value of the Proper...

Sue McConnachie   |     Jul 04, 2018

Investing in commercial real estate can be a profitable venture but, many times, investors acquiring property with an existing tenant base fail to fully assess the current occupants.

It is important to conduct the standard assessments inherent to purchasing a commercial rental property, such as lease terms, hidden rent reduction and operating costs. Understanding the financial details of the tenant base is often forgotten. The tenant’s ability to continue their lease into the future is critical to ensure your investment is profitable. This will allow you to properly evaluate the future income stream. 

4 Questions to Ask Yourself Before Taking Legal Action Again...

Sue McConnachie   |     Jun 26, 2018

As a property manager, chances are you have dealt with late rental payments and delinquent tenants. While every property manager has their own approach for dealing with these scenarios, ensuring you apply the right solution for each situation will make certain that you walk away with the least amount of damage possible.

In some cases, property managers are too lenient and in others they are too rigid. The key is staying focused on the balance between reasonability and returns. 

Why You Should Choose QCR for Accurate and Timely OEM Dealer...

Sue McConnachie   |     Jun 06, 2018

Your candidate may appear to be ideal during the initial review process, but there could be information that your prospective dealer or operator may not be disclosing - increasing your risks.

Enhanced Franchisee Screening is a Strategy for Successful C...

Sue McConnachie   |     May 22, 2018

“Franchising is also an established business model: the majority (62 per cent) of franchises are established brands that have been operating in Canada for at least 11 years, and 30 percent of franchises have been operating for more than 25 years. Franchisees also have a record of success, with 50 per cent of franchisees having a tenure of more than 10 years with the same franchise brand.” Canadian Franchise Association’s Advocacy Survey, 2017. 

Checklist For Effective Due Diligence of Commercial Leases

Sue McConnachie   |     May 08, 2018

Commercial leasing is risky business but ensuring you choose the right tenant, at the outset, can dramatically decrease the risk.

3 Steps to Better Results from your Commercial Credit Report

Sue McConnachie   |     Apr 30, 2018

There are few things as important as getting a background check on potential business partners before you begin working with them, whether they are customers, suppliers, employees, franchisees, or tenants. Doing so offers several benefits, including improved risk management and increased profits.

What Your Prospective Franchisees Aren’t Telling You

Sue McConnachie   |     Apr 27, 2018

Have you heard of the show Undercover Boss?

5 Ways Enhanced Tenant Screening Can Help Property Managers

Sue McConnachie   |     Mar 28, 2018

Success in leasing out commercial real estate depends greatly on the companies that you rent your properties to.

While many businesses look good on paper and can satisfactorily answer your questions during the application process, there is often hidden information which could have a negative impact on your business and your property.  

Perhaps your prospect has a bad history of not paying bills on time and is in arrears with creditors or maybe limited cash flow makes them unable to meet obligations. In some cases, they may even be going about business in a way that could damage the reputation of your building, lowering its value and minimizing your future profits.

    Quality Credit Reporting is North America’s premiere credit reporting agency, committed to providing unparalleled, high-quality reports and services.

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