Frequently Asked Questions on the Franchise Opportunity

• What are the different franchise types and options?
• Why should I work with a business ownership coach?
• How can you provide these services at no cost to me?
• What is franchising?
• What can a franchise do for me that I couldn’t do for myself?
• How does a franchisor make money?
• How do you find the “hot” franchises or business opportunities?
• What are some of the key statistics on franchise businesses in the United States?

• Traditional retail products and services where the customer comes to the store

• Mobile products and services where the provider goes to the customer

• Home-based businesses

The products and services include over 75 industries—everything from advertising to automobile repair, printing services to party supplies, real estate to rental equipment, tanning centers to travel agents, and many, many more. For a more comprehensive list, click here.

Our coaches offer a highly organized and systematic approach that has already worked for thousands of people looking to buy a franchise business. Most of our clients learn of franchise opportunities that they never would have found on their own. And we provide our services at no cost to you.

There is never any fee or obligation for our franchise opportunity and ownership coaching services. We can provide services at no cost to you as we are paid by the franchisor. But this only happens if we provide outstanding service in finding you the right franchise opportunity. As we work together, you will gain new insights about yourself as well as the franchising business. You can cease to investigate franchise opportunities at any time with no further obligation of any kind.

Franchising is a method of distributing goods or services to consumers. The franchise system owns the right to the trademark of the business. The franchisee purchases the right to use the trademark and business operating system.

Most people associate the word “franchise” with fast food restaurants, like McDonald’s or Subway. But, there are many more types of franchise businesses, including everything from advertising to automobile repair, printing services to party supplies, and many more.

A business franchise provides you with a proven business model and operating system. Remember those old sayings about not reinventing the wheel and learning from other people’s mistakes. People who buy franchises have a significantly lower rate of failure.

A multi-year study found 92% of franchises remain open after two years, and 85% continued to be successful after five years, compared to independent businesses, where on average 20% fail after two years, 45% fail after five years, and 65% fail within 10 years.

Usually, a franchisor charges a flat amount called the franchise fee for the rights to operate a franchise. The fee is in addition to the costs to open the business in the franchisee’s chosen location. In addition, franchisors receive ongoing fees on sales or revenues that vary greatly but typically are in the 4% to 10% range. Most also collect an advertising fee to support advertising and other promotional efforts. These, too, vary but usually range from 2% to 4% of revenues.

There are many successful franchises, but not every franchise is right for every individual. Finding a “hot” opportunity is never our goal, nor should it be yours. Our mission is to help you find the right franchise opportunity. A franchise that matches your goals, competencies, interests, financial capability, and one that you believe has the potential to achieve the results you desire.

Did you know that:

Franchise businesses account for about 50% of all retail sales in the United States.

• 1 out of every 12 businesses is a franchised business.
• A new franchised business is opened every 8 minutes of every business day.
• Franchise businesses employ more than 14 million Americans.
• There are over 3,000+ franchise companies operating in the U.S. doing business through more than 316,000 retail outlets.
• More than 75 industries use franchising to distribute goods and services to consumers.
• A multi-year study found 92% of franchises remain open after two years, and 85% continued to be successful after five years, compared to independent businesses, where on average 20% fail after two years, 45% fail after five years, and 65% fail within 10 years.
• Total sales by franchised businesses are projected to reach $1.7 trillion this year.
• Glassdoor puts the average franchise owner salary at $133,152/year, with the typical range running from $102,452 (25th percentile) to $177,034 (75th percentile), and top earners (90th percentile) reaching $225,369.
• Glassdoor also reports a median total compensation — including profit sharing and bonuses — of approximately $240,000, though that figure skews high because it includes multi-unit operators.