Perhaps most importantly, going into business for yourself offers unequaled freedom and returns in an industry of your choosing. But franchise ownership also has other benefits: a proven success record, plenty of support from the franchisor, and outstanding consumer appeal. You may not have thought about these: 1) Lifestyle flexibility, 2) No more bureaucratic politics, 3) No capped Income, 4) Favorable tax structure and 5) Equity potential
We deal with a broad range of business categories and our franchise partners range from niche markets to nationally recognized names, and the corresponding investments vary by franchise and opportunity. Not all franchises are alike—our strength is finding the best fit for your situation. We work closely with a wide range of franchisors and know their programs inside and out. We’re experts in the details, and we offer shortcuts and great advice to reduce mistakes and ensure you’re on solid footing.
And the best news – it costs you exactly the same, whether you use a consulting service or go directly to a franchise company. So you might as well take advantage of the valuable service we provide. And because the law dictates that franchise companies cannot surcharge you when you use a consultant – or offer you a discount when you don’t – the price of the franchise to you is exactly the same whether you choose to use us or not.
Many franchise systems prefer to work with consultants like us. They know from experience they will be speaking with a candidate that has been pre-educated, that is most likely a good fit for their business – and, as a result, they will be anxious to spend time with you. You might say our introductions “move you to the top of their list.”
Our process is designed to do exactly that! With our experienced consultants we learn about your skills and needs and can better align you with opportunities best suited for you and sometimes it’s something you never even thought about or knew existed!
Our expert financing partners have total funding solutions for franchises and small businesses, that provides franchisees and independent business owners with a single resource that searches the marketplace for the best available business funding options to initially fund and/or expand a business. The best part is your franchisor has already helped dozens if not hundreds of individuals just like you turn their dream into a reality!
In general, the most common options for financing your purchase include:
Home Equity Line of Credit (HELOC)
Home Mortgage Cash Out/Refinancing
Other Equities – such as Stocks/Bonds/CD’s
Cash/Liquidity Value (not death value) of Life Insurance
Other real estate properties than primary residence
Retirement accounts, such as 401K or IRA without early withdrawal penalties or taxation
Assets of Partners/Friends/Family/Other Investors
SBA-backed bank loans
Conventional Bank loans
In general, these are the various KINDS of support most franchises provide you:
- A Proven Operating System– complete with manuals
- Focused and Comprehensive Initial Training – to start you off properly
- Ongoing Operations Training and Support – so that you grow with your business
- Marketing and Sales Training – so getting customers isn’t “rocket science”
- A Proven Marketing Plan – not one that you have to test and test and test, until you get it right
- Ongoing R & D (research and development) – so that your franchise grows and adapts with the times and changing customer needs
- 24/7 Customer Service Support – so that you are NEVER alone in your business
- Defined, Targeted Territories – using sophisticated demographic data
- Technical and Administrative Support – including management software, IT advice
The Franchise Disclosure Document is the document that a franchise company is required by federal law to give to a prospective franchise buyer before the franchise can be purchased, and includes a wealth of information about the franchise, including:
- The history of the franchise and its officers and directors.
- A complete description of the business to be franchised.
- All costs and fees that you will be subject to under the agreement.
- All obligations of either party to the other during the term of the agreement and thereafter.
- Any relevant litigation history of the company or its officers.
- Any business failures, ownership transfers, franchise agreement terminations or other potentially adverse information relating to the success rate of the existing units in the system.
- Audited financial statements for the previous three years for the franchise company.
- A list of the existing franchisees.
- A complete copy of the actual franchise agreement document.
The FDD’s primary purpose is to provide any prospective franchise buyer with uniform information with which they can make a decision about the purchase of one franchise over another. It is the most important and valuable document in your “learning process” about a franchise.
To be eligible for consideration, franchisee candidates must have a minimum of $50,000 in available investment capital, $200,000 net worth – plus “cash to live on” and at least 15 years of relevant life experience. Remember franchisors think of you as an investment, too and carefully select candidates that fit their system. This is another key reason a consultant must match the candidate with the right franchise system.