There are more 2,000 franchises in the United States alone. As a prospective franchise owner, it can be overwhelming to try and sort through all of the different opportunities. This is where we come in. Our expertise and knowledge can save you weeks or months in research time. We have years of experience working with top franchisors and researching industry trends. We have removed franchisors with poor track records from our portfolio over time and have established quality relationships with the top performing franchises across a variety of different industries.
We will work with you to understand your income goals, skill set, personal interests, motivation, etc. We will then utilize this information to create you a Personalized Franchise Assessment. This assessment will provide you with a detailed description of 3 to 4 franchises that we have personally selected for you based upon our conversations and due diligence. Typically, our clients are immediately drawn towards 1 or 2 of the concepts. We will then arrange an introductory meeting with your selected franchise(s) and help you begin your research process. We will continue to work with you throughout the pcoess to answer any and all questions you may have and provide advice along the way. We love matching our clients with businesses that will allow them to pursue their dreams!
There are absolutely no fees for any of our services. This is because we have established more than 200 referral agreements with the top franchises in the United States. They pay us an agreed upon fee in exchange for bringing them highly qualified candidates. It’s a win-win situation. You receive free advice from a franchise industry expert and franchisors receive high quality candidates.
This is a question we receive quite often. The answer is that there is no single “best” or “perfect” franchise. What may be the “best” franchise for someone else may not be a good fit for you.
For example, in-home senior care franchises have been growing rapidly over the past couple of years. There are 10,000 people a day turning age 65 and demand for senior care services seems almost certain to increase in the coming years. However, this does not necessarily mean you should go out and open an in-home senior care franchise. Do you like networking? Do you have the necessary sales skills? Do you feel comfortable managing a team of caregivers? If your answer to any of these questions is “no,” then your business may struggle and ultimately fail even as the majority of the industry thrives.
The amount of capital needed to open a franchise can vary greatly. Typically, $40,000 in liquid capital and is the absolute minimum required to qualify for any opportunities. However, at this level of capital your options will be quite limited. Once you reach the $100,000+ in liquid capital, your options will increase tremendously.
If you do not have the necessary capital, there are a few ways you can still achieve franchise ownership:
- Obtain necessary funds from a generous family member or friend.
- Find a business partner and cut your personal capital costs in half.
- Retirement Plan Rollover Funding – If you have greater than $50,000 in a retirement account such as an IRA or 401k, you may qualify to use the savings in your retirement plan to fund your new business. It’s important to understand that you are not borrowing against your 401(k). Your new retirement plan has simply invested in your business instead of investing in another company’s stocks or bonds. This strategy is often used to provide capital for the down payment on SBA loans
We work with more 200 of the top franchises in the United States in a variety of different industries. These industries incude, but are not limited to:
- Advertising & Marketing
- Child Education and Development
- Cleaning & Maid Services
- Employment & Personnel
- Financial Services
- Food & Beverage
- Frozen Yogurt & Dessert
- Hair Care & Beauty
- Management & Training
- Pet Care
- Real Estate
- Repair & Restoration
- Senior Care