You may be familiar with all the benefits of buying a franchise. You get to minimize your risk, enjoy access to all kinds of franchisor-provided resources, and even have easier access to financing, since lenders are more comfortable offering loans when a proven business model already exists.
However, you may not be as familiar with just how vast the franchise industry is. There are many types of franchises, and they are not one-size-fits-all. If you are interested in buying a franchise but haven’t decided which type is right for you, let me help.
I offer the franchise consulting you need to start your business off on the right foot. One of the most important decisions you will make in the early stages of starting your business is the kind of franchise you will buy, as this will have a significant impact on your lifestyle.
If I asked you to name a few franchises, odds are that you’ll name well-known brands in the fast-food industry: McDonald’s, Burger King, KFC, Chick-Fil-A, etc. And it makes sense. We see them everywhere. But, jumping into a fast-food franchise because you only think of fast food chains as franchising options could be a huge mistake. Popular food concepts like these often have very thin profit margins.
When we work together, we will dive deep into not so popular concepts that have proven to be more lucrative investment options. Franchising spans across hundreds of industries, including accounting, automotive, food, retail, health & wellness, real estate, or service industry franchises, among other options. Once I have an understanding of your personal, professional and financial goals, as well as your interests and experience, I can start to look at the industry and franchise model that best suits you.
If you need help deciding which types of franchises are the best fit for your wants and needs, you can rely on me. I have over 20 years of experience, as well as dedication to the success of every client I serve. Contact me at Try Franchising to schedule an appointment.