Buying a Local Franchise Requires Local Expertise
Buying a franchise is a large and complex decision. When exploring franchise ownership, you’ll have to juggle financing, legality, due diligence, training, and more. Without a seasoned franchise consultant, these tasks can be daunting and can lead to missteps that may significantly reduce your odds of success. A local franchise consultant takes considerations of your area into account, helps with the heavy lifting, streamlines your process, and helps you succeed.
Working With an Expert Franchise Consultant
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. Instead of going from place to place, you can get all of this information in one place. This saves you time and money.
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.
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.
Zero. Working with FranNet is absolutely free. How is that possible? Similar to real estate agents that receive a commission from the seller, we receive our broker fee directly from the franchise that you may buy.
No. Unlike buying a home or a car, Franchise sales and fees are federally regulated and the cost is not able to be changed regardless of if a franchise consultant broker is involved or not. What that means for you is that you get expert franchise guidance, consulting, and introductions, without any risk of a price mark-up. Learn more here.
FranNet Franchise Consultants reduce risk by pre-qualifying prospective franchisees to ensure no wasted qualification time; by helping educate your prospective franchisees on the eventual purchase and operation of your franchise concept, which sets better expectations among all parties; by providing you an instant North American network present in all major markets, with local presence and expertise; and by reducing overhead by offering a primarily post-pay service. Instead of worrying about generating qualified candidates on your own, you can join a proven, effective, and efficient referral network.
In addition to being a 5-time, Fortune 5000 company, FranNet has helped hundreds of people acquire a franchise and become their own boss. FranNet provides education and support to individuals who are interested in exploring self-employment as a career option through franchised business ownership. After all, franchising is more than just food and retail stores. Our role is to provide education on the franchise industry and help people find the right business for them and their goals. Our services are 100% free.
Our Process
- Readiness Assessment
- Take our free proprietary Readiness Assessment to evaluate your business owner profile, including a personality analysis and an investment range determination. From here, our algorithm can help determine what franchise options in your local market may be best able to meet your goals.
- Assessment Review
- Once you have your Franchise Readiness Assessment 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.
- Franchise Options
- After the review of your Readiness Assessment, we work with you to determine what local 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.
- Speak With Franchise Companies
- We will help facilitate those introductions and coach you on the due diligence process, providing guidance on questions to ask, how to understand Franchise Disclosure Documents, and tools on how to rank the franchise opportunities for yourself.
- Speak With Local Franchise Owners
- Once you’ve learned more about each franchise opportunity that you are interested in, you will be able to speak with active franchisee’s in their respective organizations in order to validate the business, support, and success of each.
- Discovery Day
- Prior to 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. 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.
- Decision Time
- Once you return from a discovery day, you’ll be in a position to decide if that 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.