When my candidates are searching for a franchise, they often think they need a million dollars to get started in a name-brand franchise like McDonald’s. Not the case in today’s market. There are hundreds of emerging brands that are very reasonably-priced and concessions can be made. Just because you haven’t heard of a particular brand, doesn’t mean you shouldn’t take a look. When investigating any franchise opportunity, it is best to keep an open mind and consider an emerging franchise.
Recently I placed a candidate in a pizza franchise that was a new, and of course, he had not heard of the brand. Granted, since my candidate was the first franchisee, he had a lot to risk. Since the franchisor was flexible and willing to work with us, he offered several concessions to help lower the risks and increase the probability for success. The total cost, including the franchise fee, was considerably lower than most mainstream pizza brands. Also, thanks to a knowledgeable franchise attorney, the outcome was a “win-win” for both the franchisee and franchisor.
When considering an emerging franchise opportunity, consider the following:
Buying an emerging franchise is a complex transaction and a franchise consultant at FranFinders will partner with you to provide clarity and direction so you can complete your franchise search with confidence.