Frequently Asked Questions
What Is A Franchise?
A franchise is a business whereby the owner (franchisor) licenses its operations, products, branding and knowledge, in exchange for a franchise fee. When you pay said franchise fee you are awarded the rights to open this business.
How Many Franchises Are There?
There are over 4,000 franchise concepts available in the United States today, and more added daily. These franchises are more than “french fries”. There is a franchise in every business category you can imagine. Popular categories include automotive, child-related, management/training, pet-related, and senior care.
Why Buy A Franchise vs Start My Own Business?
We’ve done both. Going the franchise route was a much better decision. When you own your own business you’re the CEO – chief everything officer. It’s unrealistic you can be great at everything. And unfortunately the stats validate that going it on your own doesn’t work out well, as the majority of start-from-scratch businesses are longer in operation by year 5. Franchises have already made the mistakes and have perfected their systems, which you are investing in. If you follow their systems and processes you will have a much higher chance of business success.
How Do I Choose The Right Franchise?
Simple. Work with us! We’re your franchise placement specialists. We help you find the PERFECT franchise that matches your skills, interests, talents, resources and passion. Contact us to get started!
How Much Does A Franchise Cost?
The investment into a franchise varies greatly, depending on a multitude of factors such as whether the concept requires a storefront, how many employees are required, and how much overhead is needed to get started. Some franchise concepts are available for less than $30,000 all-in and others are in the millions of dollars. Each franchisor will disclose to you the investment range needed. You’ll also want to make sure you have enough working capital to ensure you’re able to cover your first few months of ramp-up.
Are Franchises Profitable?
This is probably the most common question we’re asked. And of course, there’s not one answer. Every concept will have different levels of revenue, costs of goods and other expenses. The good news is that you can get the information you need to understand the revenue opportunities for each franchise in Item 19 of the Franchise Disclosure Document (FDD).
We often hear the following questions about our Free Consultations:
There may be no free lunch in life, but The our Free Consultation will never cost you anything, adds great value to your search, and will give you the information that you need to control your franchise search, and by extension, your future.
Is it really free?
Yes, it’s free. We work with hundreds of Franchisors, Licensing and Business Opportunities and even existing businesses for sale. These businesses use our services to help find qualified and educated buyers. Just as employers pay “Head Hunters” or employee placements agencies for finding them the right candidates, these companies pay us directly for helping them find the right franchisees. While our services can be invaluable, you’ll never pay anything to us, or anything additional for taking advantage of our Free Consultationi.
Doesn’t using your services add something to my start up expenses?
No, never. The Franchisors, Licensing and Business Opportunities that we work with understand that when we introduce a client to them, they’ve been educated about their offering. In short, they use our services to find qualified candidates who understand their business model and who have a strong understanding of their own skills.
What if I don’t want to buy a Franchise or a business? Am I obligated to keep working with you?
Of course not. If at any time, and for any reason, you realize that you aren’t ready to pursue your dream, simply tell us and we’ll wish you luck. Not everyone should own their own business, so if you–or we–discover that you may be better suited doing something else, the process can stop or simply be put on hold.
Why can’t I simply contact the Franchises that I already know I like myself?
You can, but you may eventually find out (often after many hours of research and waiting for information) that the Franchises that you like may not be able to meet your goals, that is why receiving help from a trained professional can streamline your search. We have direct access to to hundreds of opportunities that understand and appreciate that we help our clients become better educated about business ownership. In short, we can save you a lot of time and energy while getting you in front of the right people. How long will the Free Consultation take? Everyone is a little different, but in general the initial call can take under an hour or in some cases may take 2 hours. In any case, there is never a fee and when completed, you’ll have a much better understanding of what contributes to a successful business venture.