We’ll help you conduct a personal financial assessment, identify a franchise that suits your budget and explore a variety of business models. We’ll walk you through protocol from franchise validation to due diligence to grand opening and beyond. We’ll help you determine what makes a perfect franchise match, and why buying into a franchise program is a better fit for most than starting a small business from scratch. It’s a process, but we’re here to guide you every step of the way.
Talk To Someone NOW – 1-855-656-4979
Purchasing a franchise is a painstakingly slow process that can be intimidating and frustrating. You do not have to walk through it alone! We offer forty years of franchise experience to help you avoid common mistakes.
Talk To Someone NOW – 1-855-656-4979
WHO ARE GOOD CANDIDATES FOR FRANCHISE OWNERSHIP?
- Displaced corporate executives who seek to control their own destiny
- Employed executives who want to get out of the corporate grind or keep their jobs as they ramp up a new business through semi-absentee ownership
- Those out of the workforce who are having difficulty finding their way back in or seek a niche
- Investors or business owners who seek diversification or scalability
Connect with us and let’s get started on building your future in business ownership:
We match and find you the best possible franchise opportunities based on your goals.
We consult & capture all of your particular needs & goals and build you a comprehensive profile.
Painting the Picture
We will then provide 3-4 options that are in line with your goals.
FREQUENTLY ASKED QUESTIONS
You should feel comfortable with following someone else’s system before starting a franchise. One reason franchising is successful is consistency. The franchisee must follow established policies and processes to ensure a consistent product or service. If you want to be creative and make your own way, franchising might not be the solution for you.
Like many things in franchising, the answer is it depends. This is the most important criteria for a potential franchisee to decide. While there is a continuum of franchisee involvement levels and a wide range of franchisee roles, the industry broadly categorizes franchisee roles into three:
- Owner-operator – Daily, Direct Involvement
- As an owner-operator, you are the heart and soul of the business. Everything that happens really revolves around you – if you have employees, they see you as their direct supervisor, customers call on you personally and all business activities are within your direct control. You may not have employees but rather rely on technology and the franchise corporate team to help deliver your product or service.
- Many owner-operator style businesses revolve around personal or home services as these businesses lend themselves to this style easily. This category is sometimes also called the self-employment option.
- Executive owner – Daily, Indirect Involvement
- Executive owners take a different approach. They are still involved in their businesses daily and are the primary decision maker, but are driving the activities of the business through a manager or team of employees. It is the managers who are on the front line of employee oversight and customer interaction.
- The executive owners focus their attention on monitoring Key Performance Indicators (KPIs), financial management, team building and strategic planning. Though involved every day, they have a more executive type of role and work day.
- Semi-absentee owner – Weekly, Indirect Involvement
- A completely different approach to franchise ownership takes the form of semi-absentee ownership. In these franchises, the model is setup so that the business owner is removed from the day to day operational details. Instead, all of the daily tasks are handled by a manager.
- The owner’s role is part-time and from a distance. The owner is physically present in the store on only a limited time basis each week – time for drop-ins and management meetings. The majority of the owner’s time is spent remotely on performance monitoring, telephone and email communication with managers and back office tasks.
A large majority of service franchise brands fall into a few categories—amounts here are simply broad guidelines—check Item 7 of the FDD for a brand to understand estimated costs:
- Owner-Operator: $50,000 – $250,000
- Executive: $100,000 – $350,000 per
- Semi-Absentee: $250,000 – $1.0 million
Most franchisors provide real estate expertise to franchisees to help with this decision, including demographic analysis, psychographics, site selection criteria and real estate brokerage service and referrals. There may also be territory restrictions to protect franchises of the same business from internal competition.