Franchise Consulting - Franchise Connectors

Franchise Consulting & Coaching

Franchise Coach, Advisor & Mentor

We specialize in the following areas:

The Value of Working with Us as your Franchise Consultant

Complimentary Consultation Services

You don’t pay us before, during or after you purchase the business. We are paid a finder’s fee by the franchisor only if you buy a business. Franchisors are willing to pay us to find them pre-screened, qualified buyers who are tailor made for their operations. Outsourcing this service lowers the franchisor’s advertising costs and means fewer in-house salespeople for them to support. Plus, they don’t have to pay for workman’s compensation, social security, health benefits, etc. Very cost-effective business model for franchisors.

The Business Price is the Same for You

The price of the business is exactly the same whether you work with a consultant like us or go directly to the franchisor yourself. You will not save any money by going directly to the franchisor. Plus, you will not have to do months of work because you are leveraging the inside knowledge of a free consultant.

Saves You Months of Research and Energy . . .

Our company has already screened hundreds of franchises. We have already narrowed the best ones down and we already know the initial investment required, the net worth you must have to qualify, whether it can be a home based business or not, whether the market in your area is still available, what states the companies are registered in to be able to sell franchises, how long they have been franchising, what kind of candidates they are looking for and much, much more. Do not waste your time when we can focus your search to companies that are best suited for your requirements.

Saves You Time and Money

We are able to save you time, money and unnecessary aggravation. We teach you what franchisors are looking for in a candidate, how to investigate a franchise, what questions to ask their franchisees, and much more.

Guides You Through the Selection Process

Us consultants educate you the buyer on the franchise industry, analyzes the buyer’s qualifications so that he/she doesn’t waste energies on franchises that are not right or that he/she is not qualified to purchase. We find the best companies for you to investigate and then we hold your hand throughout the remainder of the process.

Provides a Network of Resources

We have many resources at our disposal which can further assist you through the process and during your franchise negotiations (including access to 3rd party funding options, franchise lawyers and other industry resources)

Step-By-Step Process

Step 1 – Contact Us

The first step is deciding to work with a franchise consultant. Your contact information is kept confidential and is reviewed only by us to provide you the best opportunities.

Step 2 – Interview

We interview you and request that you complete a candidate application. This helps us determine what kinds of businesses meet your needs and qualifications. We want to discuss your lifestyle, business and financial goals to identify a franchise that best meets your unique personal and professional goals.

Step 3 – Research

Then we spend a few days doing our research based upon the information provided by you to determine the best franchises or business opportunities for you to further explore. Our goal is to identify 3-5 franchises that will be a potential match for you.

Step 4 – Presentation

We present you with the opportunities that we have identified in our research. This meeting should accomplish two goals. First, if any of the opportunities are of interest to you, then we will arrange an introduction directly to the representative of the franchisor. This will require that you complete and submit a confidential questionnaire to be supplied to the Franchisor. The candidate application that we used in Step 2 usually is acceptable. The Franchisor wants to know that you are financially qualified to purchase their franchise, that your timeframe to buy is within reasonable limits, and that your partners or family are in complete agreement with you buying a business. This does not obligate you in any way. It simply shows the Franchisor that when you find the right opportunity then you are capable of buying it.

Second, this step will allow us to clarify your goals and needs identified in Step 2, possibly sending us back through Steps 3 & 4. This may take place several times throughout the process.

It is important to remember that we are presenting opportunities, but you must make the decision that is best for you and your family. Therefore, refining the criteria for the best opportunity for you is an ongoing process.

Step 5 – Introduction to Franchisor

For each of the opportunities that you have an interest, we will introduce you to the Franchisor. The Franchisor will send materials to help you become acquainted with their business concept. They will also send the Franchise Disclosure Document (FDD), which is a disclosure document for their franchise opportunity. The FDD receipt should be signed and returned immediately.

Step 6 – Review of the Franchise Disclosure Document (FDD)

We will discuss the items that are contained in an FDD; in particular items that you should pay close attention. You should then review the FDD in complete detail writing down any questions or concerns for discussion with the Franchisor. The FDD will contain a list of franchisees and contact information.

Step 7 – Call Franchisees

The Franchisor should provide you a list of several franchisees for you to call to ask questions about the franchise. The reason for calling these references is that you want to ask them why and how they became successful. Then you need to determine if you can be do the same things that they did to be successful.

Step 8 – Consultation with Attorney and Accountant

You should always consult with an attorney and an accountant before making a decision. It is important to ensure that both people have a good background in franchising. We can help you find skilled professionals in your area.

Step 9 – Attend a Discovery Day

Most franchisors have a Discovery Day, where they will invite you to their location. You will not only get crucial information for your decision, but will get to meet the staff that will be providing your initial training and continuing support.

Step 10 – Decision Time

You have taken all of the steps up to the door, and now you must open it. Decision time. Congratulations you have decided to buy a franchise. You have become a “Frantrepreneur”, a cross between a traditional entrepreneur and a modern franchise owner. A person that possesses the desire to be a business owner, but does not want to recreate the wheel.