Terese McGroarty
Franchise Consultant
Contact | Articles | Events
Phone: 216-284-3458
Local Office: 6060 Rockside Woods Blvd North
#105
Independence, OH 44131
WELCOME
I work with people who want to explore becoming business owners as a career, investment or both. I coach business seekers through a proven process of finding franchise businesses that match their goals, lifestyle, experience, skills, flexibility needs and budget. Then I guide them each step of the way to reach a decision point.
As a client, you'll start the process by discovering your own unique "business ownership DNA" via our Entrepreneur Profile which is based on a combination of neuro-linguistic programming & social/emotional intelligences. Next, you and I will collaborate to build your personal business model. Using the FranNet process - perfected over 35 years - ensures the businesses you'll evaluate fit you like a favorite pair of jeans.
I work with many people in career transition. Some are corporate refugees who have been restructured, bought-out or simply got fed up with their jobs. Others continue working full-time jobs and run a franchise on the side.
At FranNet, we look for businesses with a 90%+ success rate that can replace a 6-figure income when they're up and running. Many allow you to work flexible schedules and take weekends off. You’ll discover franchising is much more than French fries!
Watch Our FranNet Success Stories!
ABOUT TERESE
My desire for guiding clients through a process to find the right franchise business fit comes from experience as a franchise owner. My husband and I became franchise owners in 1981 with a single unit/location of an automotive brand in the Cleveland area. As successful owners, we grew our franchise footprint to three locations before selling our business for a profit.
We purchased another franchise brand, which we sold to branch out into other business interests.
Since I started my franchise consulting business with FranNet in 2014, my clients are living their dreams as business owners.
10 Frequently Asked Franchise Questions
FAQs
What is a FranNet Franchise Consultant?
A FranNet franchise consultant is a local, franchise expert to advise you on franchise and business opportunities. Within our group, we have past and present franchisors, franchise executives, franchisees, regional and area developers, and other business professionals.
How Do We Help?
We help you by providing assorted research and information that will help you investigate different franchises to start your own business. We can introduce you to many different franchisors, so rather than having to go from place to place to learn about specific businesses, you can learn the basics about several options all in one spot! This saves you time and money.
FranNet Consultants help save you time and money in several ways: by educating you about franchising, by helping you research your business, by identifying the right structure and strategic mix of the businesses you are interested in, and by introducing you to the franchisors that fit your model.
We’ll encourage you to thoroughly research any franchise that you are investigating, and we’ll even help you find franchise attorneys and other advisors so you can gain more information before you buy. We believe that the more you know, the better the odds are that the choice you make will be a good one. As a result, we stress that you spend the necessary time to research before you buy. Once you’ve bought the business, it’s too late to change your mind.
How Much Do We Cost?
FranNet Consulting Services are 100% Free For Our Clients. Like a real estate agent, we make our commission only if and when a deal closes and are paid by the seller, not you, the buyer.
How Can We Work Together?
- Take Our Entrepreneur Readiness Profile
- Create your free Readiness Profile to evaluate the best business ownership options for you. First, you will complete a personality analysis and an investment range determination. From there, our algorithm can help determine what franchise options in your local market may be best able to meet your goals.
- We Will Review Your Readiness Profile
- Once you have your Entrepreneur Readiness Profile results, you may request a free, no-obligation review session with your local franchise consultant. During this meeting, you can gain more insight into what franchise opportunities may be best for your goals.
- We’ll Discuss Your Franchise Options
- After the review of your Readiness Profile, we work with you to determine what local franchise options may be worth exploring. Your local consultant will present you with a number of options and depending on which ones you are interested in, your consultant will make an introduction.
- Introduction To Your Ideal Franchise Brands
- We will help facilitate those introductions and coach you on the due diligence process. We will also provide guidance on which questions to ask, the Franchise Disclosure Documents (FDDs), and the tools you can use to rank the franchise opportunities for yourself.
- Introduction to Existing Franchisees of the Brands You Like
- Once you’ve learned more about each franchise opportunity that you are interested in, you will be able to speak with active franchisees in their respective organizations to validate the business, support, and overall success of each opportunity.
- Attend a Discovery Day
- Before making a formal commitment to a franchise opportunity, you will attend a Discovery Day, usually on-site at the corporate headquarters of the specific franchise you’re interested in (In the wake of COVID-19, many franchisors are offering virtual Discovery Days). This Discovery Day is a great opportunity for you to meet the top management team, see their operational facility, and learn more about the day-to-day life of owning a business under their brand.
- Making a Final Decision with FranNet By Your Side
- Once you return from a Discovery Day, you’ll be in a position to decide if that specific franchise is the right fit for you. If it is, we’ll provide the necessary referrals to franchise attorneys, accountants, and funding partners to help complete your franchise due diligence. From there, it is your choice to sign the final franchise agreement and become a franchisee.
Virtual & Live Events
Upcoming National Events
How to Fund Your Business
If you are considering starting a business, it’s important to learn about all of the funding options available to you. Join us for this informative webinar!
Franchise Spotlight: This commercial cleaning franchise is a sweeping success!
On Wednesday, November 6th at 2:00pm EST, FranNet will be featuring a leader in the cleaning service industry. From office buildings and medical facilities to restaurants and retail spaces, this franchise’s customized solutions are always dependable and consistent.
Veterans in Business: The Power of Franchise Ownership
Join us for a FREE one-hour webinar to discover how franchising can be your path to financial independence and career fulfillment after service. We’ll explore a variety of franchise opportunities suited to different investment levels and personal goals, providing valuable insights for veterans at every stage of their journey.
Resources
Helpful Articles
Franchise Ownership 101
Business Ownership Exploration
