When you buy a franchise, the franchiser 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.
Franchisers provide you all the tools to be successful. They will train you prior to opening. They provide you with advertising and marketing support that helps you build your business. Most importantly, you reduce the risk of failure because the system has already been proven to work. The training and support provided to you will help you focus and succeed.
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We use our industry experience to give you all the information you need while you are acquiring franchise rights for a business. We know which franchises are reliable, profitable and suitable for the market of your choice. 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 the franchise acquisition process.
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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 would like to know:
- Why do you want to own a franchise?
- Have you owned your own business before now?
- In which countries or territories are you interested in doing business?
- What size of capital do you have available to invest in the franchise?
- Are there partners involved?
- Do you want to have more than one business?
- Are you interested in a particular sector?
Once we answer these questions along with several others, we create a profile for you and use it to search various franchise options. The consultation process makes it easier to match you with the few opportunities that meet your specific criteria. With just few opportunities to evaluate, our process will save you a lot of time and effort.
There is a limited number of franchises suitable for your niche. Sifting through them all can take months. Using our service can help you expedite the process.
It’s not easy to be a part of our inventory. Each company included in our portfolio has been reviewed for relevance and suitability. By doing our homework, we are confident that we can offer you the very best opportunities that meet your needs.
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You as a franchisee do not pay for the services that a franchise consultant offers. You will pay the published price for any franchise just as if you had gone directly to the franchisor. The franchisor absorbs our fees. Franchisors respect the rigorous processes we follow and recognize the quality and fit of clients we refer to them once we finalize our consultations. A franchise consultant is uniquely positioned to provide a win-win scenario for both the franchisee and the franchisor.
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It varies. Our team can complete the franchise consultation process with you over few days. Most clients can find a great opportunity in anywhere from 1 to 3 months. Once you identify a franchise opportunity that interests you, you need to prepare a business plan that we will assist you with and submit it to the franchisor for consideration. If your business plan is acceptable to the franchisor, you need to sign a Letter Of Intent (LOI) with the franchisor and then agree on terms and conditions and on your proposed plan for expansion of the franchise opportunity within a designated territory.
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It is always useful to have industry experience, however some companies still accept candidates with no industry experience prior to owning the franchise. Franchisors want people that can motivate employees, close sales, and manage efficient operations.
