Frequently Asked Questions
Additionally, we find that a large majority of our clients end up purchasing a different concept than the one they initially thought they were interested in.
Another factor to consider is that if you go directly to the franchise development team (salesperson), they can’t help but be biased toward their concept, as they will not be paid if you choose a different company. A franchise broker can, therefore, help you be more objective during the due diligence process and make the choice that is best for YOU.
There is no markup in the franchise fees for using the value-added franchise brokering services of FranPassport, since you will pay the published price of any franchise just as if you had gone directly to the franchisor.
So it’s a true win-win-win, you get the support you need to decrease your risk and make the best decision for you, the franchisor gets a candidate that is more prepared to succeed, and we get to do what we love best – to support people in achieving their dreams!
If you decide for a retail franchise, an average retail location investment begins at approximately $250,000 and goes up from there. There are many options including clothing stores, restaurants, digital print stores, office services stores, showroom stores with e-commerce fulfillment, light manufacturing and equipment stores, just to name a few.
If you decide for a service franchise the investment begins at approximately $150,000 and goes up from there. There are many options including business services, professional training services, construction-related services, pet care services, cost reduction services, child development and senior care, just to name a few.
FranPassport can help you understand the pros and cons of these two franchise groups.
Franchisors provide bulk purchasing power (much like wholesaling), which you would not have without the franchise system. Because all of the franchisees in a system contribute to the expense of creating the software, systems, tools, etc., the quality of those resources is superlative to resources provided to non-franchises businesses. If one tried to recreate those distributables, the expense would be far more than what one had invested in the franchise fee and the quality would be sub-par.