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 Franchiser is there to provide support with all the different functions of the business. They have seen the issues that can arise in their business and know how to deal with any problems effectively.
Prior to your opening, they provide extensive initial training and support so you’re well prepared to handle whatever comes. They can also provide advertising and marketing support to help build your business faster. The most significant benefit to franchising is the reduced level of risk. This comes from a franchise system’s proven method of doing business.
How does Global Franchise Choice, LLC differ from a standard business brokerage?
A business brokerage lists and sells existing businesses, often including real estate and leases in the sale. Usually these are local businesses run by local owners and are frequently overpriced or lack sufficient bookkeeping controls. Global Franchise Choice, LLC represents franchise opportunities.
Does Global Franchise Choice, LLC offer training, advice, or counsel?
No. We leave that to the professionals. We are careful to represent only the highest quality franchises and we carefully research any franchise before adding it to our listings. We also recommend that you seek advice from a qualified attorney or CPA before making a major business purchase decision.
Does the Global Franchise Choice, LLC charge any up-front fees to the purchaser?
No. You never pay us for any of our work, before or after the purchase. Our income is earned by commissions paid us by the sellers of the franchise businesses.
What type of businesses does Global Franchise Choice, LLC represent?
A cross-section of hundreds of different franchises, full and part-time, small-to-large investment, nationally known to start-ups.
Why deal with Global Franchise Choice, LLC ?
We offer one-stop shopping for all your entrepreneurial needs with the advantage of time saving research and business matching performed at no cost to you.
Why use Global Franchise Choice and not go directly to the franchisers?
Quite simply to save time, money and potential aggravation! Our service is free. Your franchise fees or business purchase price will not be greater if you choose to use our service. We provide all the information a potential business owner needs to find the opportunity that fits their goals, plus we already know many of the safest, strongest and most lucrative opportunities in business today, a task that can take months for someone outside the industry.
How much does it cost to use the services of Global Franchise Choice?
The consumer doesn't pay for the services that Global Franchise Choice offers. You will pay the published price for any franchise just as if you had gone directly to the franchiser. The franchiser absorbs our marketing costs. The franchisers respect the processes we follow and recognize the quality and fit of clients we refer to them after our consultations are complete. Global Franchise Choice is uniquely able to provide a win-win scenario for the investor and the franchiser.
How will Global Franchise Choice find the best franchise for me?
Our goal is to find an opportunity that will meet the specific needs of each individual we work with. To do this effectively, we first have to learn what those needs are. We will ask you a series of detailed questions. Some sample questions you will be asked are:
-What are your reasons for wanting a business of your own?
-Have you ever owned a business of your own?
-What hours do you like to work?
-Where do you want your business to be located?
-How do you feel about managing people?
-How much capital do you have to start a business with?
-Will you have partners?
-Do you want to build multiple units?
-How soon do you want your business to open?
-Will you be involved on a full-time or part-time basis?
These are just a few of the many issues we will discuss with you over the course of our consultation process. With this information we can create a personalized profile and model for you to use in evaluating opportunities. We can also usually match our clients with a few opportunities that have characteristics consistent with the ones they’re looking for in order to save time and effort in the process.
Sorting through the over 5,000 franchise opportunities can be a long, confusing process. Many people spend months, even years sorting through companies without ever finding an opportunity that has what they really want in a business. We can help!
Do I need specific industry experience to successfully own a franchise?
No, in fact most companies are looking for people with no experience in their industry. This is because they want their business operator to focus on running the business and not performing the labor their concepts require. Franchisers need people who can be effective in areas such as motivating employees, generating sales, and running the day-to-day operations as efficiently as possible. The franchisee role is typically one of management rather than labor.
What Information Does Franchises Want About Me and Why
When you request more information on a franchise, or meet with a franchise consultant they will generally all want a great deal of information about you. Half of it can seem like a job application and the other half more like a bank loan, but try not to let it worry you as it's something we all have to do and for the most part, you will be dealing with professionals who respect your privacy.
Why does a franchise need all this information about me?
Not all franchises are for all people. In fact, owning a franchise is not for everyone. All franchises are different and require different types of people to run them. Different personalities, skill sets, experience, goals and of course financial positions. Finding the right owners and operators is just as critical to a franchisor as choosing the right franchise is to you. Both parties are facing significant risks with each new franchise.
Is financial assistance available?
Financing can be a major hurdle for any potential franchisee. Start-up costs can reach a high level and it is essential that the franchisee have adequate working capital. It is important to address any financing issues during the investigation of franchise opportunities.
The best source of information about financing options for any franchise is the franchiser. Once again, we are dealing with an issue that the franchiser has addressed numerous times with other franchisees and they will have a good deal of information about the practical options that are available.
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 motivated. After you begin investigating opportunities, most clients can find a great match for them within one to three months. After you select the right business for you, it will typically take anywhere from 2 weeks to 6 months for your actual business to open for operation.
"But I'm the only one investing any money so I'm the only one taking a risk" - Not true!
While franchises do incur significant costs with each new franchise developed it is true that you the investor is the one that actually lays out most of the cash for your franchise but the success or failure of your franchise will have an impact on every other sister franchise across the country. With each transaction you are not only representing yourself and your franchise, but the entire brand and all it's franchises. If you receive bad service from a business that happens to be a franchise you generally assume that all of those franchises give the same level of service.
In addition to a customer's point of view, your success or failure with a given franchise will impact the overall perception of that franchise as a business opportunity. A franchise with many success stories sounds like a better investment than one with many stories of failure. It's important that franchises find people who resemble the types of people behind their successes.
So - when you start your franchise information research and quickly learn that most want as much information about you as you want about them - don't be surprised and don't take it offensively. They just want to make sure they have the right fit and that you are someone who could potentially succeed with their particular unique system. When you do finally find your perfect franchise opportunity you will be grateful that they use the same scrutiny in developing future franchises to protect what is now, partly your brand.
We’ve done a lot of the homework for you. We have pre-screened hundreds of companies from all areas of business. They must meet the exacting standards we have set to be included in our inventory. Global Franchise Choice does not limit ourselves to only these franchises. We continually search out the best franchises to present to you. We do all of this so we can offer the franchise opportunity that will be the “perfect fit” for you.