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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.
The FranNet Organization2020-05-27T20:43:38+00:00

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.

How Do FranNet Franchise Consultants Reduce Risk?2020-05-26T20:57:35+00:00

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.

Will I End Up Paying More For a Franchise If I Work With a FranNet Franchise Consultant?2020-05-26T20:57:22+00:00

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.

How Much Does a Franchise Consultant Cost?2020-05-26T20:57:12+00:00

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.

Who are FranNet Franchise Consultants?2020-05-26T20:57:02+00:00

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.

Our Process

FranNet franchise consultants have 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.

  • 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.

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.

FIND THE OPPORTUNITY THAT’S RIGHT FOR YOU

Hair Care

Fitness

Retail

Tutoring

Spa

Automotive

Handyman

Children

B2B

Education

Restaurant

Pet Care

Cell Phone Repair

At Home

Senior Care

Browse All Franchise Types

MEET YOUR LOCAL CONSULTANTS

Michael Rosen

Michael Rosen

Market President

UPCOMING EVENTS

    • IFA International Franchise Association
    • Canadian Franchise Association Member
    • Score For the Life of your Business
    • America's SBDC

    Have a question? Give us a call 1-855-979-7633

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    © Copyright 2016 -    |   All Rights Reserved   |   Privacy Policy   |   Consultant Support
    Consultant Disclaimer: FranNet’s franchise consultants own and independently operate each office throughout the FranNet system.
    FranNet Brand Disclaimer: *There are over 4,000 franchise brands out there for you to choose from but FranNet has made the process much easier to find the right fit for you. We have a variety of franchisors in our portfolio in almost every industry. Our distinguished FranNet Certified Brands have they completed our vetting process**. Your local consultant can let you know what franchises are currently available in your area.
    **Please note that the information and opinions expressed by the Franchisor are those of the Franchisor. FranNet, LLC makes no claim, promise, or guarantee of any kind regarding the accuracy, completeness or adequacy of the information disclosed by the Franchisor. FranNet Clients are instructed to conduct their own independent investigation of the investment opportunity. FranNet assumes no liability for the statements and opinions stated by our Franchisor partners orally or in writing.
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