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Frequently Asked Questions

Why should I buy a franchise?

Franchising offers individuals the opportunity to be in business for themselves but not by themselves. The franchisor is there to provide support for all aspects of the business. They have already experienced the problems that can arise in their business and know how to deal with these problems effectively.

Prior to your grand opening, the franchisor provides extensive training and support, so that you are well-prepared to manage your business and handle any potential complications. They can also provide advertising and marketing support to help build your business.

Of course, the most significant benefit of owning a franchise is the vastly reduced level of risk that comes from a franchise system’s proven method of doing business.

Why use Franchise Traders services and not go directly to the franchisors?

Franchise Traders helps you save time and money and avoid the common pitfalls of franchise research. We provide all the information a potential business owner needs to find the franchise opportunity that fits their needs and goals. We already know many of the safest, strongest and most lucrative opportunities in business today, knowledge that could take months for someone outside of the industry to collect. Our service is completely free to you. HOW?

How much does it cost to use the services of Franchise Traders?

Our services are FREE to all potential franchisees. Because many franchisors feel that their energy is best spent on serving and maintaining their existing franchisees, they often rely on independent franchise consultants to answer questions and identify quality candidates. The franchisor absorbs all costs associated with the services provided by Franchise Traders. You will pay the published price for any franchise just as if you had gone directly to the franchisor. Learn more about how we are paid.

How will Franchise Traders find the best franchise for me?

Our goal is to find opportunities that will meet the specific needs of each individual we work with. To do this, we must learn what those needs are. We ask a series of detailed questions. Samples of questions we ask include:

  • How much capital do you have to start a business?
  • Will you have partners?
  • Have you ever owned a business?
  • What hours do you like to work?
  • How soon do you want your business to open?
  • How do you feel about managing people?

Using this information, we create a personalized profile to use in evaluating opportunities. We then match our clients with several franchises that have characteristics consistent with their goals.

Is financial assistance available?

Financing can an obstacle for a potential franchisee. Of course, between start-up costs and personal expenses, it is essential that a franchisee has adequate working capital. It is important to address these concerns during the investigation of franchise opportunities. The best source of information about financing options for any franchise is the franchisor. Financing is an issue that the franchisor has addressed numerous times with many franchisees, and they will be able to provide information about the practical options that are available to you.

How soon can I get my business started?

This depends almost completely on you. The franchise consultation process can be completed easily within a few days if you are responsive and proactive. Motivated clients usually find a great match in 1 to 3 months. Once you choose a franchise that is right for you, it typically takes between 2 weeks and 6 months for your actual business to open for operation.

Do I need specific industry experience to successfully own a franchise?

No! In fact many companies are value franchisees with no experience in their industry because they prefer that the business operator focuses on running the business rather than developing or changing the concept. Franchisors look for owners who are good at motivating employees, generating sales, and running the day-to-day operations as efficiently as possible.

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