This is where your The Franchise Shop Consultant begins and ends. Not only do we prepare potential franchise owners so that they can make highly informed decisions about purchasing a franchise, we tell you if we don’t think you are well-suited to franchising, starting with directing you to a resource like this one, so that they better understand what franchising is about.
Franchising is a powerful economic force, according to a study conducted for the International Franchise Association’s Educational Foundation by Pricewaterhouse Coopers, which found that a franchise opens every 8 minutes in the United States, franchising employs over 21 million people, there are 3,500 franchise concepts in 75 industries (there is life after food). Franchising accounts for 1.53 trillion in sales and 50% of all retail sales and that 1 out of 12 retail business is a franchise?
One of the biggest challenges for franchise companies is finding entrepreneurs who will be a good fit for their particular business model. As you can imagine, franchisers get thousands of requests for their information packets, but most of these come from people who are not qualified or motivated to actually become a part of their organization. These companies generally cannot support the amount of staff necessary to do an effective job of bringing in new franchisees. This is why the value of a The Franchise Shop referred candidate is so significant.
For anyone considering the purchase of a business, we offer no charge consultations and an excellent inventory of businesses for sale complete with all of the information a serious buyer would want to review. You might want to visit the Buying a Business section of our site for more articles on buying a business. There is also a Questionnaire that helps us to help you in your search for the best business for you. There is also a question and answer section that might be helpful. We are happy to answer any questions you might have that are not covered in our Buying a Business section. Visit us soon!
If you are serious about considering a franchise, there are two additional things you need to begin to do (in parallel to your searching for a franchise). Learning about how funding works. Starting the process of securing financing for your franchise purchase. Just as many need to get “pre-qualified” before a home purchase, so that they know what they can afford, (and how much a financial services company would lend) you will need to discuss these same things with your The Franchise Shop Consultant and consider them before purchasing a franchise.