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Buy a Franchise

It’s Time to Define Your Journey

When it comes time to take a leap of faith, timing is everything.

Uncovering an opportunity that truly aligns with your skills, goals, and lifestyle is an exciting experience, and our team is here to help you execute the process successfully from start to finish. With so many opportunities out there, we help you maximize your search efforts and avoid roadblocks during this transition. Every day, our team helps people who are making a career or life transition, have recently been affected by a downsize or restructure, or are discovering their true passion. How can we best help you?

You likely know of someone who invested in a business that didn’t fit their skillset, finances, or lifestyle.

Our top priority is to help you avoid those costly pitfalls. We want to help you find a business with a solid reputation that you’re excited about, somewhere you can thrive with ongoing support.

At FranPursuit, we’re built on a foundation of integrity, education, and data. We believe in getting to know you first, then becoming your most trusted advisor. We want to know what roads you’ve traveled down to get here, what you’re good at, and what scares you.

5 Things to Expect from FranPursuit, LLC

When you work with our team, you can always count on these five things:

1

There is no cost to you for our services. ALL of our fees are paid by the franchise companies when we drive qualified candidates to them that decide to invest.

2

We match you to the best options for YOUR situation. This includes: your skillset, ideal work environment, lifestyle, financial goals, and much more.

3

We empower you to explore options with the highest level of integrity, education, and data.

4

We coach you on the types of questions to ask to evaluate the value proposition of the franchise model.

5

We’re your guide to all things franchising. With 25 years of experience, we provide you with an "insider's view" of the most reputable franchise opportunities.

Franchise Funding

Have you given any thought into how you would fund your new business?

At FranPursuit, we have relationships with many lenders who understand and deal with franchise funding every single day. Choosing the right lending program for your new business will play a big part of your initial and ongoing success.

There are several different types of lending programs out there:

  • SBA guaranteed loans
  • Funding from private lending institutions
  • Funding from IRA/401k- without taxes or early withdrawal penalties.
  • Non-IRA investments
  • Equipment leasing
  • Unsecured lines of credit

 

We can discuss the options and connect you with qualified lenders who will help you tailor the right program for your new business.

Keep reading: How much does it cost to buy a franchise?  ·  What is a Franchise Disclosure Document?  ·  Franchise FAQs  ·  About Erin Pate

If you’re ready to take the first step toward franchise ownership, I would be honored to work with you.

Together, we’ll identify your goals, plot your path to success, and define your journey!

Related: How much does it cost to buy a franchise? · What is a Franchise Disclosure Document? · Franchise FAQs

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Frequently Asked Questions

How much do franchise owners make?

There is no single answer, and any franchise that gives you one without documentation should concern you. The only reliable source is Item 19 of that brand’s Franchise Disclosure Document, the Financial Performance Representation. Franchisors are not required to include one. If Item 19 is absent, the honest position is that published earnings for that brand do not exist.

What percentage of franchises fail?

Lower than independent startups, though the widely repeated “95% succeed” figure has no credible source behind it. Failure rates vary enormously by brand, sector and how well the owner was matched to the model. The useful question is not the industry average but the closure rate of the specific brand you are considering, which appears in Item 20 of its FDD.

What is the downside of owning a franchise?

You are buying a system, which means you give up autonomy. You cannot freely change the menu, the pricing, the suppliers or the branding. You pay ongoing royalties and marketing fees on revenue whether or not you are profitable. And you are exposed to decisions the franchisor makes for the network. For many owners that trade is worth it. It should be a deliberate choice, not a surprise.

Can I own a franchise without leaving my job?

Some brands are built for it. Semi-absentee models are designed to run with a hired manager and roughly ten to fifteen hours a week from the owner. They are not passive, and they generally require more capital, since you are paying a manager from day one. Many brands require the owner to be full-time and will say so during discovery.