Franchise Times: David Falzarano Discusses How Vital It Is for Franchises To Make Intelligent Real Estate Decisions Early On

Dan Rowe, founder and CEO of Fransmart, a franchise development firm that partners with emerging restaurant concepts, told Franchise Times that franchises should have knowledge of the total costs of a location before selecting one. Once a lease is signed, a franchisee is locked in, and it may be too late if there are issues, Rowe said.

”Talk to a contractor. Pay a few hundred dollars and test the electrical, mechanical and plumbing, and make sure it’s up to code,” Rowe emphasized.

David Falzarano, senior vice president of franchise development at Lightbridge Academy®, also had real estate suggestions for franchisees in the interview. The early education and childhood care company looks for locations within zip codes that contain kids in the right age group and families with higher income ranges.

However, according to Falzarano, “There’s no magic potion or formula to making right or wrong real estate decisions. If you know your business and feel confident in it and who it operates for, use your gut and instincts to make sure you’ve got the right real estate deal, and don’t overthink it.’”