After going over the information we gathered on the franchise, my client was still fond of the concept, although they understood that they were not being set up for success by using that system. We went through a questionnaire that helped me to understand what they were truly looking to achieve with this franchise. The results provided me a clear picture of what they could qualify for and what type of lifestyle they needed the business to create. I also understood the family involvement and the magnitude of what their success or failure meant to their life. I understood them.
We then input the information into the Franchise Brokers Association's Franchise Search Tool and came up with a list of franchises that matched their criteria. We went through the franchises one by one and discussed the pros and cons of each franchise as well as the longevity, uniqueness and profitability of each concept. At the end of the day, we used the comparison grids provided by the Franchise Brokers Association to compare the different concepts that we decided were interesting to the client. We chose 4 franchises to investigate further.
We had completed the first several steps in the consulting process and were ready to talk to the Franchisors. We determined that our next meeting would be facilitated via conference call and departed for the day.
There are a few difficult things in this world that we all experience, regardless of country and culture. These are wars, pandemics, and economic hardships. And though these make for tough times - throughout history, we have overcome them each time. As the economy starts to slow - both here in the US and globally, […]
In the franchise broker industry, staying ahead of legal changes is a strategic advantage. Recently we came across an informative article from the Franchise Times shedding light on critical legislative developments in California that could significantly impact franchise brokers and third-party sellers. Understanding these changes is essential for franchise brokers nationwide, as they underscore a […]
Ask anyone where they buy their goods from, and the chances of them answering “Amazon” is pretty high. The commerce landscape has dramatically shifted towards online marketplaces, with Amazon as the undisputed leader. This titan of e-commerce has reshaped how we buy and sell globally. Amazon's appeal stems from its vast product range, unmatched customer […]
