Frequently Asked Questions

Quite simply, to save time, money and potential aggravation! Our service is no cost to our clients. 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 (years?) for someone outside the industry.

Study after study acknowledges the success rate of new (non-franchised) business startups concludes the same thing...starting a new business is high risk. Most studies show that nearly 90% fail within three years. One reason that the failure rate (of non-franchise companies) is so high is because the owners have to go through the learning curve of operating that specific type business. Unfortunately, the market place is not very tolerant of the inexperienced neophyte trying to learn how to operate a new business. If you can't compete in the market place, you get left behind very quickly. Unless you have considerable experience in the specific type business that you are considering going into, the odds suggest that you will fail.

Obviously, beginning a business is filled with risk. When compared to an individual start up venture, business format franchising reduces the risk dramatically. This has been shown time and again. Most studies found that franchised new business startups rarely fail and when they do it is typically because the franchisee did not stick to the franchisors' systems. In the context of franchising, the franchisor has already gone through the learning curve and has learned the secrets of success for that specific business. In business format franchising, all that has been learned by going through the curve is transferred to the franchisee. At the very essence, this is why one would invest in a franchise, to minimize risk and give oneself the best possible chance to succeed.

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. Franchisors 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.

The franchise buyer doesn't pay for the services that Best Franchise Solutions, LLC provides. The client will pay the published price for any franchise just as if they had gone directly to the franchisor. The franchisor absorbs our marketing costs. The franchisors respect the processes we follow and recognize the quality and fit of clients we refer to them after our consultations are complete. Best Franchise Solutions, LLC is uniquely able to provide a win-win scenario for the client and the franchisor.

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 you 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 usually match our clients with at least a few opportunities that have characteristics consistent with the ones they’re looking for in order to save time and effort in the process. When choices are available, it is important for the client to consider them; if for no other reason than learning about differences, and possibly finding a better fit.

Sorting through hundreds if not thousands of franchise opportunities can be a long, confusing process. Many people spend months sorting through companies without ever finding an opportunity that has what they really want in a business. We can help!

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. We do all of this so we can offer the franchise opportunity that will be the “perfect fit” for you.

For more information on the entire process, see "How our process works'" page on this website.

This depends almost completely on you. The franchise consultation process can be completed easily within days if the clients are responsive and motivated. After the client begins investigating opportunities, most can find a great match within one to three months. After our client selects the right business, it will typically take anywhere from 2 weeks to 6 months for your actual business to open for operation.

Solid, proven Franchise programs are available in a wide range of investment options. Typically, if you have $20-$50,000 of liquid capital available and the ability to finance an additional $100-$150,000 you would qualify for most franchise programs.

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 franchisor. Once again, we are dealing with an issue that the franchisor has addressed numerous times with other franchisees, and they will have a good deal of information about the practical options that are available. The goal of Best Franchise Solutions, LLC is to assist our clients in each step along the way, including financing tips and suggestions as well. When the time comes, your Best Franchise Solutions, LLC consultant will have some suggestions for this area as well as others.