How To Choose A Franchise Consulting Service In Waterloo
Franchises are structured partnerships between established or growing companies and investors. Investors pay an entrance fee and monthly royalties in exchange for brand recognition and established operating systems that include advertising, administrative and training services. Before you invest in a franchise, it's important to explore financial obligations such as:
- Startup fees
- License and certification requirements
- Employee benefits
- Maintenance and renovation clauses
One of the best ways to research a franchise opportunity is to speak to current and former owners. You can find contact information in the company's Financial Disclosure Statement, which you have a legal right to request under the Federal Trade Commission Franchise Rule. When you contact an owner, find out how many times he has renewed his contract with the company, and ask him how long it took to get the business off the ground.
What You Can Expect as the Owner of a Franchise
Established companies like Subway, McDonald's or Jiffy Lube usually require partners to comply with standard operating procedures. These highly recognizable companies often charge a substantial entrance fee, but they also come with higher profit projections in most cases. A large firm may demand site approval, which may make it harder to find real estate, or it may lead to higher lease prices.
The Match Point Network firm offers small business consulting services to help you make an informed investment, taking into account your financial goals, interests and areas of expertise. Get a free consultation or take a personality test by sending an email to Match Point.