Franchising FAQs
Why not go directly to the franchisees instead of going through a broker?
We use our franchise experience to give you all the relevant information you need while you are buying your franchise business. We know which franchises are the least risky, most reliable, and that will return the most profit for you in the business. If you are not familiar with this industry, this kind of knowledge could take several months to gather. Because we offer complimentary consultation, we feel that we are here to save your money, your time and give you peace of mind during a very important decision about your business future.
What will it cost me to use a broker for my franchise purchase?
You will not pay for the services that a franchise broker offers. You will pay the published price for any franchise just as if you had gone directly to the franchisor. The franchisor absorbs all of our marketing costs. The franchisors respect brokers from our organization and commit to following the processes we set in place and recognize the quality and fit of clients we refer to them after our franchise advice and consultations are complete. A franchise broker is uniquely able to provide a winning scenario for the investor and the franchisor.
How does it work? How will the broker find the best franchise opportunity for me?
We want to match you with a business that meets your specific criteria. But we can’t do that unless we know what those criteria are. We learn these criteria by asking you questions designed to help us narrow our search and provide you the best matches. Here are a few examples of what we might ask:
- Why do you want to own your own business?
- Have you owned your own business before now?
- How many hours and what time of day do you like to work?
- Is there a certain location you desire?
- How does managing people make you feel?
- What kind of capital do you have available to start your business?
- Are there partners involved?
- Do you want to have more than one business?
- When do you want to open your door for business?
- Will you be available full-time or part-time?
Once we answer these questions along with several others, we create a personal profile for you and use it to research franchise options. The consultation process makes it easier to match you with a few opportunities that meet your specific criteria. With just a few opportunities to evaluate, you save a lot of time and effort.
There are over 5,000 franchise opportunities available to you. Sifting through them all can take months for a person without our knowledge of the industry. Many people get frustrated and give up. Using our service can help you avoid this situation and put you on the path to owning your own business that has everything you really want.
What are the benefits of buying a franchise?
Owning your own business puts you in control of your own future. But it’s also difficult to do by your self. When you buy a franchise, the franchisor offers support, experience, and knowledge in all aspects of the business. They have been there so they know what challenges will arise and the best way to overcome them.
Franchisors provide you with all the tools to be successful. They will train you prior to your opening. They give you advertising and marketing support that builds your business. Most importantly, they reduce your risk because the system has already been proven to work. Their training and support ensure that you will be able to handle whatever comes up along the way.
What if I don’t have enough capital to buy the franchise?
Funding your purchase of a franchise is nearly always a major consideration for business owners. Too often, businesses simply don’t have enough capital to help them start-up a new business. We feel it is critical to discuss financing issues early so any problems can be addressed during investigation and research steps of the process.
One excellent resource for financing options is the franchisor. They have solved this problem in the past for themselves and for other franchisees. They will have a good idea of what works for their type of business and will likely have options that make the most sense.
Do I need to know the industry to buy the franchise?
Absolutely not. In fact, most companies prefer that you have no experience in the industry prior to owning the franchise. Franchisors want people that can motivate employees, close sales, and manage efficient operations. They do not want their owners doing the labor, but running the business. Typically in this equation, the franchisee is the manager not the labor.