| Frequently Asked Questions | Franchise Buyer Consultation |
Q. What
Is Franchising?
The term “franchising” came
from a French word that means privilege or freedom. The concept of franchising
dates back to the middle-ages when the monarchy would grant a franchise
for all manners of commerce which included the use of land for agriculture,
food, alcohol and other commodities. A franchise is defined as a business
relationship between the owner of a trademark(s), proprietary product(s)
and/or service(s), proven method of business operation and marketing. A
franchise agreement governs the relationship between the parties and outlines
their responsibilities and obligations.
Today’s current form of franchising may have been initiated as
early as the 1850s when Isaac Singer, improved the sewing machine and
increased the distribution of his sewing machines through franchising.
Today’s most common form of franchising is known as the business
format franchise. A franchisor licenses its trademarks and proven business
methods to a franchisee in exchange for an up-front payment known as
a franchise fee and on-going royalty payments, which are usually determined
by a percentage of the franchisee’s gross sales. Typically a franchise
company will offer local, national or international advertising, training,
and other means of support.
According to The Financial Times, if sales by US franchise businesses were
translated into national product, they would qualify as the 7th largest
economy in the world.
Q. What Can FranchiseOfficer Do For Me?
We act as
a resource for entrepreneurs seeking bona fide franchise opportunities.
We have a group of approximately 350 elite franchise systems in various
industries that have passed our rigorous scrutiny which we are proud
to recommend to our clients. We assist our clients with their franchise
due diligence and decision making. This ensures that they make a sound
decision and helps them secure their future as business owners.
Q. What are the EDGE and FIT evaluations?
Both
the EDGE
and FIT are proprietary evaluations that we have developed
in collaboration with franchise owners, psychologists & social scientists,
along with our years of franchise experience.
EDGE stands for Entrepreneurial Data Gathering Evaluation. The EDGE is
designed to pinpoint your strengths as an entrepreneur and determine
what type of entrepreneur group you belong. There are 9 entrepreneur
personality types, all with various strengths and weaknesses. When you
complete your EDGE evaluation, our electronic system will propagate a
dynamic chart that will show us your entrepreneurial attributes. It will
also show us what sort of business environment you would be most successful
in.
The FIT evaluation is our Franchise Compatibility Matching System. FIT Stands for Franchisee Inclination Testing. With our FIT evaluation, we
can generate a unique dynamic report that allows us to understand what
types of franchises you would be most compatible. It will also tell us
what type of a franchise owner you would be most suitable to.Where other
franchise consulting companies match their clients based on insignificant
information, FranchiseOfficer matches you based on numerous
facets of compatibility. We cover the most important components of business
ownership. Between the significant amount of time that you and your FranchiseOfficer
Professional will spend together and our EDGE
and FIT evaluations,
we’re truly confident that we can help you find the franchise of
your dreams.
Q. How Can FranchiseOfficer Provide Their Valuable Services For Free?
You,
the franchise buyer, pay nothing for our services. Franchise companies
appreciate our process because the franchise candidates that we refer
to them are well informed, qualified and compatible with their franchise
systems. In the event that you purchase a franchise with our assistance,
we would be compensated with what is known as a referral fee from the
franchisor. You would pay the exact same amount as you would if you
purchased the franchise without our assistance. We’ll help you
through the investigation process but the final decision is always
up to you and amazingly, free
of charge.
Q. Why Should I Work With A FranchiseOfficer
Professional?
We can
help you navigate through the barrage of information that many prospective
franchisees have to deal with when looking for the right franchise business.
Your professional will provide you with a great deal of valuable advice
and tools to help you find the “right” franchise. There is
never any obligation, no restrictions, no selling or pressure. Best of
all, we’ll advise you on any franchise that you may be considering,
even if it’s not part of our portfolio.
Q. Will I Pay More For A Franchise If I
Work With FranchiseOfficer?
You
will pay the exact same price for any franchise, as if you had gone
directly to a franchisor. The franchisor compensates us for our consulting
costs and introducing qualified and compatible candidates. Working
with a FranchiseOfficer
Professional will save you time, money, open your eyes to
things that you need to know prior to searching and ultimately purchasing
a franchise. You can learn about many exciting franchise opportunities
all from one source rather than from multiple sources.
Q. What Types Of Franchises Does FranchiseOfficer
Recommend?
We
recommend franchises in all types of industries whether they are
small-to-large, full or part-time, nationally known or newer concepts.
We have analyzed hundreds of concepts in 22 different industries.
However, only the best franchise opportunities receive our recommendation.
Q. How Does FranchiseOfficer Differ From Traditional Franchise Brokers?
We do
not sell franchises and will not attempt to coerce you one way or another
to purchase a specific franchise. FranchiseOfficer’s approach
is quite similar to a financial advisor presenting financial products
to you. We simply suggest suitable franchise opportunities for you
to consider and it’s completely up to you to decide whether or
not to pursue them more seriously. Our only goal is to assist you in
finding the right franchise, if one truly exists. Often the best franchise
advice can be about what not to buy. Our valuable expert advice is
free and offers great benefits.
Q. Why Should I Buy A Franchised Business?
For
many reasons but here are a few reminders:
- You may no longer wish to be an employee and have others dictates your future.
- You may have been affected by corporate downsizing or restructuring and you don’t want to be in a vulnerable position ever again.
- You may be tired of making others wealthy but not yourself.
- You may want to leave behind a security blanket for your loved ones.
- You may have recently immigrated to North America and wish to start your own business because you have grown accustomed to a certain lifestyle that a job cannot offer.
- You may want to eliminate financial uncertainty for good.
- You may be financially secure but wish to improve your investment portfolio’s performance.
- You may wish to start a business of your own, but want to minimize your risk of failure. A franchise may be the right choice for you.
- You know you deserve better and you’re destined for greater accomplishments.
Q. What Is The Next Step?
Simply,
click our Create Profile link: Create Profile and submit a secure and
confidential profile on yourself or simply register yourself for a consultation.
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Information:
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