A potential business owner that has an interest in purchasing and running a franchise would benefit from the services of a franchise consultant. A franchise consultant can provide expertise and guidance throughout the entire process. Listed below are 12 reasons that it is advantageous to use this service.
- The service is free to the franchisee, with the franchiser covering the consulting fees.
- The service is personal and confidential.
- The consultant guides the potential franchisee through the entire process of deciding whether to become a franchisee, and how to go about it.
- A detailed profile including an evaluation of the potential owner’s experience, interests, and goals is compiled in order to match the new franchisee with the most suitable opportunity.
- Education is provided on the various types of ownership and investment options.
- Investigation into the most suitable opportunities that are available is done by the consultant.
- Initiation of contact with company representatives is part of the service.
- The consultant helps to verify each company’s success and track record.
- The potential business owner saves time and money by having the experts perform research on various opportunities.
- The consultant acts as the one-stop shop, answering questions and referring the potential owner to other resources as necessary, such as financial or legal advisors.
- The consultant works with all types of franchises, including full-time, part-time, new units, and re-sale franchises.
- Complications and confusion are virtually eliminated by having an expert perform these services.
Overall, a franchise consultant will help you determine if franchising is right for you and if so, what type of franchise opportunities you are most likely to succeed in.