How much is this going to cost me?
There is never a fee or an obligation to work with The Franchise Search Group.
The Franchise Search Group works very much like a real estate company that helps you purchase a home. We will spend time helping to decide the right kind of business for you and then will introduce franchises that fit. If you decide to buy a franchise that The Franchise Search Group introduces to you, then the franchise company pays us. This is similar to the real estate agent that finds you the home, when you buy the home the real estate agent is paid by the seller – not you. In the case of The Franchise Search Group, the fees are paid by the franchise company.
When you are working with a real estate agent you know that you might purchase the home cheaper if you could find a similar home for sale by owner. This can’t happen when working with The Franchise Search Group to find a franchise. Franchising is regulated by the Federal Trade Commission, an agency of the federal government, and the franchise company can never charge you more because they paid a fee to The Franchise Search Group. The Federal Trade Commission law dictates that the franchisor must charge you the franchise fee that is disclosed in their Franchise Disclosure Documents which is the same whether you go through us or directly to them.
How soon can I get my business started?
This depends almost completely on you. The franchise consultation process can be completed easily within a few days . . . if you are responsive and motivated. After you begin investigating opportunities, most clients can find a great match for them within one or two months. After you select the right business for you, it will typically take anywhere from 2 weeks to 6 months for your actual business to open for operation.
Will I make a good franchisee?
To be a good franchisee, you first have to make sure that you find the right franchise.It is almost a guarantee that if you select the wrong franchise, then you will not be successful. Even if you are successful, if it is the wrong franchise you may not be satisfied or happy with your choice. An unsuccessful, unsatisfied, or unhappy franchisee is generally not a good franchisee.
Therefore, before you buy, you need to examine your own skills, abilities and experiences. You must look at what will really be a successful franchise for you in relation to your lifestyle, financial and business goals.
Unlike starting your own business, when you buy a franchise you do not get to make all of the decisions. You must follow the business practices set forth by the franchise company. Do you have the type of personality that will allow you to work in this manner?
You must be the type of person that realizes the advantage of operating in a proven model will more likely bring you more success than if you tried to start your own business where you don’t have the training and ongoing support provided in a franchise.
Do I need specific industry experience to successfully own a franchise?
No, in fact most companies are looking for people with no experience in their industry.This is because they want their business operator to focus on running the business and not performing the labor their concepts require. Franchisors need people who can be effective in areas such as motivating employees, generating sales, and running the day-to-day operations as efficiently as possible. The franchisee role is typically one of management rather than labor.
What are the “hottest” franchises or business opportunities?
The International Franchise Association indicates that there are over 3,000 franchise companies and they are spread over 75 industries. The question should not be what is hot, but what is right for me.
There may be a hot “fast food” franchise. But in talking about your lifestyle goals, you have indicated that you want to buy a business so you want to spend more time with your family. In the past, you missed coaching your son’s soccer team or you weren’t available for your daughter’s dance recital. Then the hot “fast food” restaurant really should not enter into the equation, because this is the type of franchise that will be very demanding on your time.
Also, maybe the “hot” new franchise is a new concept that has not been out long enough to have proven itself. If you are not a risk taker, then you would be better off looking at a franchise that has been around and has a proven success record, but may not be considered “hot”.
Which is better for me a franchise or a business opportunity?
There are advantages and disadvantages to both. The Franchise Search Group will spend time explaining the advantages and disadvantages and help you determine which concept would be best for your overall goals.
What is the difference between a franchise and a business opportunity?
When you buy a franchise, you are buying a proven method of doing business and this method is followed by every franchisee in the system. All franchisees are operating under the trademark of that franchise. The relationship between the franchisor and the franchisee will continue for the duration of the franchise agreement.
When you buy a business opportunity, you may also be buying a proven method of doing business, but this method may not be followed by all of the owners in the system.This is typically not a problem because the consumer does not know that you and the other owners all purchased from the same business opportunity seller. That is because you are not operating under the same name or trademark. It depends on the business opportunity whether or not you get ongoing support.
How do I get started with The Franchise Search Group?
If you not already talking with The Franchise Search Group, then go to the “Request Information/Contact Us” page of this website and complete the form. The Franchise Search Group will contact you within one business day.
Should I consult with people other than The Franchise Search Group?
Absolutely, buying a franchise is a major investment for most people. It is the type of investment that may be hard to recover from if you make the wrong decision.Therefore, it is imperative to get the advice of professionals before making your final decision. Consult with an attorney, preferably a franchise attorney that understands the intricacies of the franchise industry. You should also consult with your CPA or financial advisers. You might also want to consult with your banker or other financial institution, a commercial real estate agent and a commercial-lines insurance agent.
You should check with the Better Business Bureau and state and federal franchise regulatory agencies. Franchising is regulated by the Federal Trade Commission (FTC).Talk with The Franchise Search Group to get the contact information for state regulatory agencies.
Does The Franchise Search Group work with all franchises and if not, aren’t my options limited?
We find that most people that work with The Franchise Search Group actually expand their options. But, the answer is no we do not work with all franchise companies. We carefully screen the franchise companies that we work with; not all companies pass our requirements. Also, there are major companies such as McDonald’s that are so well known that many people choose to go direct to them.
But, you will never be limited, because you can work with The Franchise Search Group and if we cannot refer you to a franchise company, then you are free to go direct. There is never an obligation to work only with The Franchise Search Group.
What makes The Franchise Search Group different from other franchise brokerage firms?
The Franchise Search Group is a licensed affiliate with the largest franchise brokerage firm in the industry, worldwide, representing over 500 of the premier/most successful franchisors in over 75 plus industry categories — we provide more choices for our clients than all the other franchise consulting companies combined. This means we can provide you a multitude of excellent choices to best match your specific interests. We have pre-screened hundreds of franchises and business opportunities and will help you select the best opportunities that match your lifestyle, professional business experience and financial requirements/goals. The Franchise Search Group will save you time and money and match you with the right franchise that best meets your unique personal and professional goals.
Why should I work with The Franchise Search Group? Can’t I go direct to the franchise companies?
At The Franchise Search Group we will help you evaluate all facets of your goals, needs and requirements; then we will match franchises to you. The Franchise Search Group has reviewed hundreds of franchise companies. We may show you franchises that you may never have considered on your own; or if you did know about them, you may rule them out for the wrong reason. The best franchise for you may be one that you have ruled out because you had some misconceptions about it.
The first thing that a person looking into buying a business should do is look at what they are trying to achieve by buying a business. Also, the person should thoroughly understand their goals from a lifestyle, business and financial perspective. Once the person understands these goals, then they can find a business that fits. Most people do not spend enough time with these items and the result is that they never buy a business or may buy the wrong business.
You can go directly to the franchise companies, but they will not spend time working with you to make sure that you are buying the right franchise. It is the franchise salesman’s job to sell you their franchise.