Locations / Rhode Island

Franchise Opportunities in

Rhode Island

Rhode Island Is Big on Business

Rhode Island is a state of small businesses. Employing over half the workforce, small businesses make up 98.9% percent of the state’s businesses. The state hosts a no-cost program aimed at helping small businesses thrive, and small business advisors are available to assist business owners in establishing and growing their firms.

Investing in its workforce, the state offers free community college to residents. In exchange, those who receive tuition-free courses through the program are required to live, work, or continue their education in Rhode Island. That means a highly educated workforce that’s loyal to Rhode Island businesses.

Ranking seventh in the Quality of Life category of Forbes’ list of Best States for Business, Rhode Island is an all-around nice place to live and work. The Ocean State offers scenery, outdoor recreation, and cultural variety to keep its population happy and healthy.

FranNet’s Rhode Island business experts are available to help you make the most of the Ocean State’s talented workforce and business-friendly environment. They know the state and they know business, and they’re ready to help you choose the best business for you.

Total population: 1,061,712¹
Per capita GDP: $47,639²
Median household income: $60,596³
Tourism: 24.8 million visitors in 2017⁴
Rhode Island franchises produced an economic output of $1.9b from all sales of goods and services in 2018⁵

FranNet Consulting Services are 100% Free For Our Clients

We Work To Find You The Perfect Franchise Business, Free of Charge.

As an Inc. 5000 organization, FranNet’s reputation for quality consulting services, integrity, and risk reduction were established out of our dedication to you, the client. Our job is to ensure you find the right business that maximizes your odds of success and happiness and allows you to meet your lifestyle, career and financial goals. Our income is derived from brokering the final purchase of the franchise and is paid for by the franchise organization you choose to partner with.

How Do Franchise Consultants Reduce Risk?admin2018-12-28T13:35:12+00:00

How Do Franchise Consultants Reduce Risk?

FranNet Consultants helps 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. 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.

Benefits of a Franchise Consultantadmin2018-12-28T13:34:09+00:00

Benefits of a Franchise Consultant

A FranNet consultant is your one-stop shop for all franchise information and services. 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!

FranNet Consultantsadmin2018-12-19T18:35:33+00:00

FranNet Consultants

A FranNet 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.

The FranNet Organizationadmin2018-12-19T18:40:58+00:00

The FranNet Organization

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

FranNet has helped thousands of entrepreneurs across North America start their own business through franchise ownership; however, this has only been made possible due to our unparalleled focus on quality across all facets of our business. FranNet is comprised of an independent network of over 100 local consultants that help highly motivated and savvy entrepreneurs mitigate their risk of business ownership through franchising. What has made us a six-time fortune 5,000 organization? We work hand-in-hand with our clients to educate them on opportunities and risks throughout their decision to ensure they have the best chance of success.

1. Readiness Assessment

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.
2. Assessment Review
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.
3. Franchise Options
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.
4. Speak With Franchises
Speak With Franchises
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.
5. Franchise Validations
Franchise Validation
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.
6. Discovery Day
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.
7. Decision Time
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.

5. Franchise Validations

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.

We’ve Helped Entrepreneurs Throughout The Country Find Freedom and Success Through Business Ownership.

FIND THE OPPORTUNITY THAT’S RIGHT FOR YOU

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Franchise Opportunities in

Rhode Island

Rhode Island Is Big on Business