Why should I buy a franchise?
The most significant benefit to franchising is the reduced level of risk. This comes from the franchise system's proven method of doing business. Franchising offers individuals the opportunity to be in business for themselves, but not by themselves. The franchisor 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 problems effectively. They provide extensive initial training and support so you're well prepared to handle any situation. They provide extensive initial training and ongoing support, as well as adverting and marketing assistance to help build the brand and your business.
Why use BTS Franchise Consulting and not go directly to the franchisors?
Quite simply to save time, money and potential aggravation. We provide complimentary business consulting services to help you achieve your goals. We have the experience and knowledge to assist in your identification and evaluation of franchise opportunities that align with your objectives. Our expertise and knowledge can save you weeks or months in research time. And there is no cost to you for our services. The price of the franchise and associated fees will not be higher if you choose to work with BTS Franchise Consulting.
How much does it cost to use the services of BTS Franchise Consulting?
You do not pay for the services of BTS Franchise Consulting. The price you pay for any franchise will be the published price as if you had gone directly to the franchisor. Our franchise partners recognize the quality and fit of candidates that have been referred to them by BTS Franchise Consulting and they provide compensation for our efforts.
How will BTS Franchise Consulting help me find the best franchise for me?
Our goal is find an opportunity that meets the specific needs of each individual we assist. 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 include:
- What business are you in now?
- 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 liquid capital do you have to invest in a business?
- Will you have partners?
- Are you interested in multiple units/territories?
- How soon do you want your business to open?
- Will you be involved on a full-time or part-time basis?
These are just some of the many issues we'll discuss during our consultation process. Based on your input, we'll match you with opportunities that are consistent with your objectives.
Sifting through thousands of franchise opportunities can be a long, tedious and overwhelming process. We've pre-screened hundreds of companies from a wide variety of industries so that we're able to recommend high quality franchise opportunities that align with your goals. We've already done a lot of the preliminary groundwork for you.
Is financial assistance available?
Financing can be a major hurdle for any potential new business owner. Start-up costs can be high and it is essential that the franchisee have adequate working capital. It is important to address funding issues during the initial stages of the investigation process.
Our franchise partners are experienced with this issue and many offer financing options. We can also introduce you to franchise funding partners prior to speaking directly to franchisors. This way, you'll know from the very beginning how much you'll qualify for which will help determine which franchises to even consider.
Do I need specific industry experience to successfully own a franchise?
No. In fact most franchisees have had no experience in the industry they choose. Franchisors will teach you all of the operational and administrative aspects of the business, and actually prefer that you oversee the franchise operation versus perform the required labor. They seek prospective franchisees with skill sets that align with their model and universally seek individuals who want to follow a proven system. Franchisees are managers, rather than workers.
How soon can I get my business started?
That depends almost entirely on you. Our consultation process can be completed in a matter of days if you are motivated. Once you begin to investigate specific franchise opportunities, most people complete their due diligence within a one to three month time frame. After you sign a franchise agreement, it typically takes anywhere from two weeks to six months for your business to be up and running.