The Franchising Authority

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Frequently Asked Questions
   
Q.
Why use The Franchising Authority and not go directly to the franchisors?
A.
Quite simply to save time, money and potential aggravation! Our service is free. Your franchise fees or business purchase price will not be greater if you choose to use our service. We provide all the information a potential business owner needs to find the opportunity that fits their goals, plus we already know many of the safest, strongest and most lucrative opportunities in franchise ownership today, a task that can take months for someone outside the industry.

   
Q.
Why deal with The Franchising Authority?
A.
We offer one-stop shopping for all your entrepreneurial needs with the added advantage of dealing with a member of a leading National Network of Franchise Consultants with over 25 years of experience in franchising.
   
Q.
How much does it cost to use the services of The Franchising Authority?
A.
The consumer doesn't pay for the services that The Franchising Authority offers. You will pay the published price for any franchise just as if you had gone directly to the franchisor. The franchisor absorbs our marketing costs. The franchisors respect the processes we follow and recognize the quality and fit of clients we refer to them after our consultations are complete. The Franchising Authority is uniquely able to provide a win-win scenario for the investor and the franchiser.

   
Q.
What type of businesses does The Franchising Authority represent?
A.
A cross-section of hundreds of franchise businesses, full and part-time, small-to-large investment, nationally known to start-ups. Click here for a category list.
   
Q.
How will The Franchising Authority find the best franchise for me?
A.
Our goal is to find an opportunity that will meet the specific needs of each individual we work with. To do this effectively, we first have to learn what those needs are. We will ask you a series of detailed questions.

Some sample questions you will be asked are:

•   What are your reasons for wanting a business of your own?
•   Have you ever owned a business of your own?
•   What hours do you like to work?
•   Where do you want your business to be located?
•   How do you feel about managing people?
•   How much capital do you have to start a business with?
•   Will you have partners?
•   Do you want to build multiple units?
•   How soon do you want your business to open?
•   Will you be involved on a full-time or part-time basis?

These are just a few of the many issues we will discuss with you over the course of our consultation process. With this information we can create a personalized profile and model for you to use in evaluating opportunities. We can also usually match our clients with a few opportunities that have characteristics consistent with the ones they’re looking for in order to save time and effort in the process.

Sorting through the more than 3,000 franchise opportunities can be a long, confusing process. Many people spend months sorting through companies without ever finding an opportunity that has what they really want in a business. We can help!

We’ve done a lot of the homework for you. We have pre-screened hundreds of companies from all areas of business. They must meet the exacting standards we have set to be included in our inventory. We do all of this so we can offer the franchise opportunity that will be the “best” for you.

   
Q.
Does The Franchising Authority offer training, advice, or counsel?
A.
No. We leave that to the professionals. We are careful to represent only the highest quality businesses and we carefully research any business before adding it to our listings. We also recommend, however, that you seek advice from a qualified attorney or CPA before making a major business purchase decision.
   
Q.
Do I need specific industry experience to successfully own a franchise?
A.
No, in fact most companies are looking for people with no experience in their industry. This is because they want their business operator to focus on running the business and not performing the labor their concepts require. Franchisors need people who can be effective in areas such as motivating employees, generating sales, and running the day-to-day operations as efficiently as possible. The franchisee role is typically one of management rather than labor.

   
Q.
Why should I buy a franchised business?
A.
Franchising offers individuals the opportunity to be in business for themselves, but not by themselves. The franchisor is there to provide support with all the different functions of the business. They have seen the issues that can arise in their business and know how to deal with any problems effectively. Prior to your opening, they provide extensive initial training and support so you’re well prepared to handle whatever comes. They can also provide advertising and marketing support to help build your business faster. The most significant benefit to franchising is the reduced level of risk. This comes from a franchise system’s proven method of doing business.

United States Department of Commerce statistics show an over-90% success rate for franchised businesses, as opposed to only 18% for independents. Last year, almost 50% of all retail goods and services were sold through franchised outlets.

   
Q.
What is the next step?

Click Here to complete and submit our information request form. One of our consultants will then contact you to answer any questions you may have and get you started with our FREE service to help you find the right business.


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