A proven business model means you’ll be well-supported every step of the way toward successful business ownership.
The right franchise or licensing opportunity can change everything, giving you the power to run your own business, build your own future, and experience freedom and flexibility like never before. Not all opportunities are created equal, though, which is why it’s important to maximize your search efforts (and work with an expert!) before you make your buying decision.
When you work with our team, you’ll be introduced only to those businesses that match your transferrable skills, finances, and lifestyle, so you can pick a franchise or licensing opportunity that simply fits.
Buying a business is a big deal. As you search for the perfect franchise, you may find that there are so many options to choose from that it’s hard to know which one is right for you. Not every franchise buyer gets the personalized guidance they deserve and as a result, many find out too late that they made the wrong choice.
We’ll make sure you don’t have to worry about that! As your trusted advisors, we’ll get you into a reputable franchise or licensing business that provides start-up and ongoing support so you can thrive as a business owner. After all, you’re going into business for yourself, but thankfully not by yourself.
At FranPursuit, we know you want to succeed as a business owner. In order to do that, you need to buy the right business with confidence. The problem is that buying a business can be risky and overwhelming, which leaves you feeling worried about the process and hesitant to get started.
We believe you deserve to be informed and feel confident about your buying decision. We understand how overwhelming and confusing the search and buying processes can be, which is why we’ll use our 25 years of franchise experience to help you find the business that’s right for you.
To get started, book a call to learn more about how we can help. Then, explore the business opportunities, and choose the best one for you.
In the meantime, check out “3 Common Mistakes Franchise Buyers Make” so you can avoid these pitfalls.
Tell us a little bit about yourself and what you’re looking for in a business opportunity.
Buy the right franchise or licensing opportunity with confidence and succeed as a business owner.
A franchise consultant provides information, education, and resources on franchisees to prospective investors. They match qualified candidates to franchised opportunities that align with their skills, finances, and lifestyle. Rather than researching hundreds of brands on your own, you get a shortlist built around your situation, plus guidance on navigating the due diligence process with each franchise opportunity.
Our fees are paid by the franchise companies, in the same way an executive recruiter is compensated by the employer rather than the candidate. When we introduce a qualified, well-informed candidate who decides to invest in a franchise, the franchisor pays us a placement fee. You get the same guidance, comparison, and coaching whether you ultimately invest or decide franchising is not the right path for you.
A strong franchise candidate generally has the appropriate financial resources or the ability to obtain business financing, a willingness to follow an established system, and a good work ethic. Other traits include strong time management and multi-tasking skills, and the ability to coach and lead a team.
Franchises vary in cost heavily based upon whether they can be operated remotely or if they require a brick-and-mortar location. Banks typically require a 10-15% cash injection for most business loans and the criterion for approval is based upon your credit score and net worth. When looking at a franchise, a great rule of thumb is to take your available liquid cash and multiply it by 3.5 to see the total project size you can comfortably target for financing. On top of that, you’ll want 6 to 12 months of personal living expenses set aside so you aren’t stressing about drawing a salary on day one.
There is no guaranteed timeline. There are many factors of business ownership that can impact profitability such as operating costs, debt service, and overall execution of the business plan. That’s why franchisee validation is critical during due diligence. Existing operators will often share their start-up experience with prospective candidates allowing you to plan for a realistic financial runway.
Not necessarily. Many franchise owners are first-time business owners. Strong franchise models offer business and industry training, established systems, and ongoing support which is appealing to people from different professional backgrounds. Finding the right fit for your finances, skills, lifestyle, and goals is more important.
A conversation about you rather than about brands. Before looking at any opportunity it is worth being clear on your budget, the working environment you want, how involved you plan to be day to day, and your timeline. That is what turns a long list of franchises into a short list worth taking seriously.
Before comparing brands, it helps to understand whether franchise ownership fits your goals, finances, and expectations.
At FranPursuit, we start by educating prospective buyers on franchising to help the expand their foundational knowledge of the model. Once we decide this is viable path to consider, the next step is to match them to reputable franchise opportunities and coach them through due diligence. Candidates have a chance to look “under the hood” of various
