Why Work With a FranNet Consultant?
FranNet is a five-time Fortune 5000 company that provides education and support to individuals who are interested in exploring self-employment as a career option through franchised business ownership. For more than 35 years, FranNet’s experienced, local franchise consultants and brokers have paired franchisees with the perfect business opportunities to meet their goals. With 75 consultants throughout the U.S. and Canada, FranNet franchise consultants have helped thousands of entrepreneurs across North America start their own businesses through franchise ownership.
Buying a franchise is a complex decision. With over 3,800 franchise concepts in the marketplace, it can be difficult for a prospective franchisee to know where to even begin. When exploring franchise ownership, prospective franchisees must juggle financing, legality, due diligence, training and more. Working with a seasoned franchise consultant can make the process less daunting, increasing the odds of success.
A local franchise consultant takes considerations of the prospective franchisee’s area into account, helps with the heavy lifting, streamlines the process and ensures that prospects don’t just find a franchise, they find the right franchise.
What Sets FranNet Apart?
FranNet uses its own proprietary tool — the Entrepreneur Readiness Profile — to build franchisee profiles and begin the matchmaking process.
Developed over the last 30 years, this electronic assessment is a fact-finding and discovery process that digs deep into the franchisee’s needs and goals, from the kind of business they want to run to how many employees they want (if any) and the kind of lifestyle they want to live outside of their business — all of which allows FranNet to pair prospective franchisees with the franchise that’s right for them.
FranNet also helps facilitate the thorough research a franchisee must endure to properly vet a franchise. They help identify franchise attorneys and other advisors to help them gain more information before they buy. FranNet believes that knowledge is power, and the more a franchisee knows, the better the odds that the choice they make will be the right one.
How do FranNet Consultants Reduce Risk?
FranNet’s services are 100% free for their clients. Similar to real estate agents that receive a commission from the seller, FranNet receives its broker fee directly from the franchisor, and this only happens after a client signs a contract.
FranNet franchise consultants reduce risk by pre-qualifying prospective franchisees to ensure no wasted qualification time by helping educate prospective franchisees on the eventual purchase and operation of a franchise concept. This sets better expectations among all parties, so instead of a franchisor worrying about generating qualified candidates and a prospective franchisee researching thousands of concepts on their own, they can join a proven, effective and efficient referral network.
Why is Now the Time to Partner With FranNet?
More people are changing careers than ever before, many deciding to leave the corporate world to become their own boss. Franchise ownership is one way to do that. With a portfolio of over 250 franchisors, no matter the skill set of an individual potential franchisee, FranNet has an opportunity that will work for both them and the brand.
And because FranNet’s services are 100% free for their clients, there is no risk. If someone is considering business ownership, they can take a FranNet assessment for free and find out if the franchise world is right for them. If it is, and they’re paired with a franchise, they can rest assured that it’s the right fit.
What is the FranNet Advantage?
According to the 2022 Annual Franchise Development Report, franchisee leads that come directly to franchisors have a close rate in the 3% range. When using a franchise broker, like FranNet, that close rate rises to 17% — proof that FranNet’s services work. Consultants can save both franchisees and franchisors time, money and frustration in the otherwise complicated process of finding the right partner in the vast franchising industry.