- Why should I use a ProfitStreet franchise broker to find a franchise?
- Do I have to pay ProfitStreet to help me find a franchise?
- How does ProfitStreet find the best franchise for the client?
- Why should I invest in a franchise?
- How much money does it typically take to open a franchise?
- Are there financing options available to fund my franchise?
- How long does it take to find a franchise through ProfitStreet?
- Do I need industry experience to open a particular franchise?
- I have a business I'm interested in franchising. Does ProfitStreet provide this service?
- I'm interested in franchising but do not have the capital to start. Do you invest in startup franchises?
Why should I use a ProfitStreet franchise broker to find a franchise?
Using ProfitStreet instead of consulting franchisors directly helps you save time by allowing you to only look at opportunities that meet your criteria and objectives. With us, you’ll get all the information you need to explore a business opportunity that suits your goals. Our franchise brokers are aware of franchise opportunities that you may not have been familiar with before but may be a better fit for you. We provide unbiased information on a wide range of industries and opportunities instead of “selling” one particular concept to you.
Do I have to pay ProfitStreet to help me find a franchise?
No. You pay zero…zilch…nada. Our services are free to you. We are paid by franchisors for finding qualified candidates to join their system. Your investment in the franchise will not increase by using ProfitStreet.
How does ProfitStreet find the best franchise for the client?
In evaluating franchise opportunites, our franchise brokers are determined to finding the best opportunity for our clients. We achieve this by identifying key criteria that each client has. Our extensive Prospective Owner Assessment gathers information on a wide range of questions that help us determine what opportunities are a good fit. After this is complete, we discuss the different opportunities together and then allow you to explore each concept further with each franchisor.
Why should I invest in a franchise?
With franchising, you get a chance to be in business for yourself but not by yourself. Franchises have a much higher success rate than independent businesses. A study by The U.S. Department of Commerce found that less than 5% of franchise outlets fail annually. In most cases the business model has been refined so your “learning curve” can be much more manageable. Many franchises have strong “brand” recognition in the marketplace and this credibility gives you a competitive advantage. Most franchises offer comprehensive training and extensive support allowing you to start a business without any previous industry experience. Many franchises also offer guidance on marketing so your advertising budget gets utilized in the most effective manner. Starting a franchise is a smart decision and greatly lowers the risk level of opening your own business.
How much money does it typically take to open a franchise?
Franchise opportunities vary greatly in cost. We have franchises that start as low as $14,900 and can be as high as $50,000,000+. There are many factors in determining the cost of opening a franchise. This is generally affected most by the cost of the franchise fee and the type of structure needed to operate a franchise. Some franchises require a “build-out” of a particular structure to fit their particular business. Other opportunities can be ran from a home office and have a much lower initial investment. After reviewing your assessment and financial resources, we will be able to determine what concepts make the most sense for you.
Are there financing options available to fund my franchise?
There are many options to consider when evaluating how to fund your franchise. These options can range from a traditional cash purchase to utilizing your 401k to finance your investment. ProfitStreet has lenders who provide many types of loans for new franchisees. We will gladly connect you with these resources to allow you to explore the different options that may be available to you. To get information on financing a franchise, contact us today!
How long does it take to find a franchise through ProfitStreet?
The timeframe to find a franchise primarily depends on you. Our assessment and research can be completed within days of your initial contact. After this step is complete, the time you take to evaluate the opportunities further will be at your discretion. It’s your decision and we’ll move at your pace. It is important to note that in order for most franchisors to get in serious discussions with you, most will want to know that you plan on opening in a reasonable timeframe. Opening a franchise can range from 2 weeks to 12+months depending on what type of building, training or licensing is required to open.
Do I need industry experience to open a particular franchise?
In general, most franchisors do not require previous experience. Most systems offer extensive training which will allow you to learn the necessary skill-sets needed to operate your franchise. However, there are specific franchises that may be more suited for people that have particular experience in a certain industry. We will do our best to identify these concepts at the time of your consultation to determine if these will be a good fit.
I have a business I'm interested in franchising. Does ProfitStreet provide this service?
Absolutely. Our franchise consultants can help your business begin its franchise program today – Call us at (800) 344-9281 for additional information.
I'm interested in franchising but do not have the capital to start. Do you invest in startup franchises?
ProfitStreet does provide funding for particular companies that are looking at starting their franchise program. We are very selective on the companies that we choose to partner with and invest in. In return for our capital investment in your business, we hold an equity interest in the new franchising entity. Call us at (800) 344-9281 for more information.
