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LAST UPDATED:&nbsp;March 2023FRANCHISE WEBSITE:&nbsp;<a href="https://frannet.com/become-a-consultant/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">https://frannet.com/become-a-consultant/</a>&nbsp;NUMBER OF LOCATIONS:&nbsp;75REPORTED COST TO GET IN:&nbsp;$23,754–$42,754REPORTED ROI (Item 19):&nbsp;Not disclosed<a href="https://1851franchise.com/frannet">FranNet</a>, the franchise consulting concept, is at the center of many prospective franchisees’ focus. For those looking to become a consultant, FranNet provides an opportunity to enter the business with the support of an expert team. Once they are established, FranNet consultants open themselves up to do business with over 250 franchisor partners and a sea of prospective franchisees seeking support in their franchise selection process.&nbsp;How Many FranNet Locations Are There?There are currently 75 FranNet consultants in the network. Last year, the franchisor worked with 40 new franchise concepts, and it saw a 30% increase in leads. FranNet also introduced a new model that allows its consultants to work with clients across the U.S. and Canada rather than restricting them to a designated territory.<a href="https://1851franchise.com/frannet/frannet-finishes-2022-with-an-impressive-increase-in-client-interest-and-new-franchise-model-2720762#featured">After a strong 2022</a> and a rise in “top of the funnel” activity, the concept is prepared for an even stronger 2023 as it expands both its own franchise system as well as that of other franchisors.What Is the FranNet Business Model?The FranNet business model hinges on the idea that franchisors are interested in connecting with qualified, ideologically aligned franchisees. And, oppositely, prospective franchisees are interested in identifying franchise opportunities that best fit their long-term goals, lifestyle needs and financial circumstances.FranNet positions its consultants to provide no-cost guidance to prospective franchisees as they work to find their perfect franchise match. When the prospect makes a decision and the franchise agreement is executed, the FranNet consultant is paid a broker fee by the franchisor.The free-to-the-prospect model is a key trait that makes this concept strong. Rather than focusing directly on bringing in revenue, FranNet consultants direct their energy toward making an optimal match. This, in turn, provides a great experience for the prospect and franchisor alike, building a strong reputation that will organically draw in additional business in the future.How Much Can FranNet Franchise Owners Make?FranNet does not publish financial representations, but&nbsp;<a href="https://www.glassdoor.com/Salary/FranNet-Group-Salaries-E1020509.htm?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Glassdoor</a> has multiple FranNet salary submissions listed.<ul><li>Relationship Manager: $138,597</li><li>Director:&nbsp;$267,223</li><li>Franchise Business Consultant:&nbsp;$147,508</li></ul>How Much Does It Cost To Open a FranNet?The total estimated cost to open a FranNet consulting business is&nbsp;<a href="https://www.entrepreneur.com/franchises/directory/frannet/334535?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">$23,754–$42,754</a>.What Is the Franchise Fee for FranNet?<a href="https://www.entrepreneur.com/franchises/directory/frannet/334535?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Entrepreneur</a> reports an initial franchise fee of $5,000–$10,000.Who Is the Leadership of FranNet?<ul><li><a href="https://www.linkedin.com/in/janiabailey/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Jania Bailey—Chief Executive Officer</a></li><li><a href="https://www.linkedin.com/in/karencady/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Karen Cady—CFE | Vice President of Operations</a></li><li><a href="https://www.linkedin.com/in/markjosephbates/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Mark Bates—Special Advisor to the CEO</a></li><li><a href="https://frannet.com/our-team/janee-williams/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Janee Williams—Controller</a></li><li><a href="https://www.linkedin.com/in/jackarmstrongjr/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Jack Armstrong—Chairman</a></li><li><a href="https://www.linkedin.com/in/bnicol/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Blair Nicol—Vice Chairman&nbsp;</a></li><li><a href="https://www.linkedin.com/in/willfraker/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Will Fraker—Vice President of Marketing</a></li></ul>What Helpful Articles Can I Read To Learn More?<ul><li><a href="https://www.entrepreneur.com/franchises/directory/frannet/334535?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">Start a FranNet Franchise in 2023</a></li><li><a href="https://www.franchise.org/suppliers/frannet-llc?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-frannet-franchise-costs-fees-profit-and-data-2721772" target="_blank" rel="nofollow">FranNet, LLC | International Franchise Association</a></li><li><a href="https://1851franchise.com/frannet/how-a-frannet-consultant-helped-this-millennial-buyer-achieve-his-entrepreneurial-dream-2719249#franchisee">How a FranNet Consultant Helped This Millennial Buyer Achieve His Entrepreneurial Dream</a></li><li><a href="https://1851franchise.com/frannet/why-franchise-buyers-should-use-a-frannet-consultant-2718326#franchisor">Why Franchise Buyers Should Use a FranNet Consultant</a></li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: FranNet Franchise Costs, Fees, Profit and Data

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