Frequently Asked Questions
We use our industry experience to give you all the information you need while you are buying a business. We know which franchises are the least risky, most reliable, and most profitable in the business. We also know which are available in your area. Most importantly, we can help you determine which franchises are the best fit for your role as the owner...something that is sometimes a challenge if you are only used to looking at a business from the customer’s point of view. If you are outside this industry, this kind of knowledge could take several months to gather. Because our service is free, we feel that we are here to save your money, your time and your sanity during an important decision about your future.
The consumer doesn’t 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 our marketing costs for bringing them qualified candidates. The franchisors respect the processes we follow and recognize the quality and fit of clients we refer to them after our consultations are complete. A franchise broker is uniquely able to provide a win-win scenario for the investor and the franchisor.
We want to match you with a goal 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:
- What is attracting you to business ownership?
- Have you owned your own business before?
- How many hours and what time of day do you like to work?
- Do you like selling or customer service?
- 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?
- Is a recognized brand name important?
- Do you want to have more than one location?
- When do you want to open your door for business?
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 the 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 hundreds of 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.
It’s not easy to be a part of our inventory. Each company has been thoroughly reviewed from every angle. We have high standards for every aspect of the business. By doing our homework, we are confident that we can offer you the very best opportunities that are just right for you.
Owning your own business puts you in control of your own future. But it’s also difficult to do by yourself. When you buy a franchise, the franchisor offers support, experience, and knowledge to all aspects of the business. They have been there so they know what challenges will arise and the best way to overcome them. When you join a franchise, you get to “stand on the shoulders” of all those who came before you.
Franchisors provide you 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 insure that you will be able to handle whatever comes up along the way.
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.
It varies. If you are motivated, you can complete the franchise consultation process in a few days fairly simply. Most clients can find a great opportunity in anywhere from 1 to 3 months. Once you have purchased your opportunity, it can range from as little as 2 weeks up to 6 or more months to get the business going.
Absolutely not. In fact, most franchisors prefer that you have no experience in the industry prior to owning the franchise. And they prefer that because they want you to learn their systems and follow their way of doing things. Franchisors are looking for transferable skills. They want people who can motivate employees, close sales, or 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.
