| Frequently Asked Questions | Franchise Representation |
Q. Why choose FranchiseOfficer?
Without
being overly confident, we are a company that is going places. We are succeeding
because our clients are succeeding. We are not a company that is content
with mediocre results.
There’s a saying at FranchiseOfficer that we like
to refer to: “Tell me who you associate with and we’ll tell
you how successful you are.” We only associate with the highest quality
companies. Are you a high quality company looking to grow your franchise
system?
Q. Why do franchisors work with franchise consultants?
Franchise
consulting companies such as FranchiseOfficer can help
franchisors achieve the following: Increase franchise growth, lower
marketing expenditures, maximize personnel productivity while minimizing
personnel costs and locate the most compatible and qualified franchise
candidates. Additionally, the service that we offer is risk free. The
worst case scenario would be that we do not refer any prospective franchisees.
Q. How Many franchise companies work with franchise consultants?
Recent
surveys indicate that over 40% of North American franchisors now work
with franchise consultants.
Q. Are there any long term contracts to sign?
We
do have a contract in place with every franchisor, however, the contract
can be cancelled by providing 30 days written notice.
Q. How much does it cost to retain the services of FranchiseOfficer?
Our
fees are based on a franchisor’s franchise fee. Fees are typically
50% of a franchisor’s franchise fee.
Q. What sort of success can we expect by working with FranchiseOfficer?
Every
franchise will experience different levels of success working with us.
We cannot guarantee success or any level of performance with anyone we
do business with. However, we do guarantee that you will be impressed with
the caliber of service that we provide. We prefer to under-promise and
over-deliver.
Q. What qualities does FranchiseOfficer look for in a franchise system?
A
franchisor must have the following qualifications: a track record of successful
franchising, positive relations with its franchisees, professionalism,
strong infrastructure, and a history of continued commitment to building
a world class franchise system. Lastly and most importantly, a franchisor
must sincerely care to see its franchisees succeed.
Q. Will FranchiseOfficer work with any franchise company?
No.
If a franchisor does not possess the qualities listed above, we will not
represent that franchisor. No franchisor is perfect but there are certain
qualities and characteristics that a franchisor must possess. FranchiseOfficer is
one of the most trusted franchise consulting firms because of our commitment
to quality franchising. We build trusting relationships with the prospective
franchisees that we work with. We will never break that trust. As of
this date, not one of our franchise buyer clients has failed. All
are enjoying success and this is something that we are very proud of
accomplishing. We are in the business of helping people achieve their
dreams through franchising.
Q. Does FranchiseOfficer work with newer franchisors?
Absolutely,
as long as your franchise system is based on a business concept that has
proven to be successful for at least 2 years. We look at many facets of
a franchisor’s system in order to determine whether or not we would
feel confident in introducing a franchisor’s franchise opportunity
to our clients.
Q. How does FranchiseOfficer find prospective franchise buyers
for a franchise system?
We
have to be careful when answering this question to protect our proprietary
methods for finding prospective franchisees. There are many means that FranchiseOfficer utilizes
to find prospective franchise buyers for the franchisors that it represents.
Some of the methods include franchise shows/expos, seminars, networking,
corporate alliances, internet advertising as well as many other means that
we do not disclose to the public.
Q. How many prospective franchisees does FranchiseOfficer deal
with on a monthly basis?
Our
group of professionals collectively work with anywhere from 2,500 to
5,000 prospective franchisees per month.
Q. When FranchiseOfficer refers a franchise candidate, how
qualified is the candidate?
When FranchiseOfficer refers
a franchise candidate, the candidate must possess the following: The necessary
funding or financing ability, personality, readiness to make a purchase
decision and a sincere interest in learning more about a particular franchise.
Q. What does FranchiseOfficer expect from the companies it
works with?
We
spend a great deal of time and capital in order to find suitable franchisees
for a franchisor. As a result, FranchiseOfficer expects
that a franchisor respect its service and contact a prospective franchisee
within 24 hours from introduction and maintain good communications with
the prospective franchisee and our professionals. All companies represented
must sign an agreement with FranchiseOfficer that covers
the terms of the relationship.
Q. How do I learn more about the service that FranchiseOfficer
offers?
If
you would like to learn more about working with FranchiseOfficer,
we invite you to contact us to learn more. We would be happy to answer
your questions and learn more about your franchise opportunity at the same
time.
Related Information:
Our Service
How we can help franchise growth
Solutions To Common Challenges
Tell Us More About Your Franchise