When clients start working through the franchising process, there are a lot of questions! Here are some of the most frequently asked questions and their answers.
Do I have to buy a franchise?
You are NOT obligated to buy a franchise. We are merely investigating franchising and focusing on those franchise options that are best suited for you based on the criteria we develop together.
What does it cost for the service?
My services are 100% FREE to you – no gimmicks. Just as in real estate, the buyer (you) does not pay the agent commission. The seller (franchisor) pays a commission, but only if you execute a franchise agreement and become a franchisee.
Why wouldn’t you recommend franchises that pay the most commission?
The commission structure is very similar across the board and there’s really no incentive to pick one brand or another for that reason. I would rather find you a great business that you could succeed with and then hopefully you refer friends and family to me.
What if I want to quit my investigations?
There is no contract between us and you can quit your investigations whenever you want. Sometimes there are things that happen in life that make us shift directions. I only ask that you notify me and the franchisors that you are in communication with as soon as you decide to end your investigation.
Can I also investigate franchises on my own?
The simple answer is yes, however, it’s is often best to keep me informed of what franchises you have come across that you have interest in. It is likely that I have insight into the industry segment or the franchise that I would be happy to share with you.
What if I don’t like your options?
Then we discuss what you don’t like and bring you additional options for consideration. This is a learning process and in some cases we don’t hit the bullseye in the first round of investigations. No worries, it’s not all that uncommon to have to revisit the franchise selection process as we continue to learn.
Can I buy any franchise I want?
Franchises can not be purchased, they are awarded by the franchisor. The franchisor has the right to refuse to award a franchise to candidates that do not meet their qualifications or if they don’t think you’re a good fit. That’s why it’s a good idea to present yourself in the best light possible and provide the utmost of professionalism when working with franchisors through their development process.
If you’re ready to transform your life by owning a business created to help others transform theirs, let’s talk. Schedule a call with me https://calendly.com/scottmilas/ or learn more by visiting: www.scottmilasfranchisecoach.com
Direct Dial: (413) 935-5111
Text: (413) 267- 6424
Schedule Your Call Here: https://calendly.com/scottmilas/introcall
Scott Milas is a franchise Top 15 consultant who works with many different people from all types of backgrounds who are interested in learning about owning their own business for the first time. He also works closely with multi-unit/brand owners who are looking to diversify their business portfolios. Contact Scott at 413-935-5111 or scott@scottmilasfranchisecoach. For more information on Scott, visit www.scottmilasfranchisecoach.com.