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FranDestiny Franchise Consulting
Frequently Asked Questions
What is franchising?
What is franchising?
Franchising is a way to be in business for yourself, but not by yourself. The companies that franchise their business are looking for true partners that will be ambassadors of their brand and trust that franchisees will grow the business using their proven systems. With over 5,000 brands to choose from, it can be overwhelming to decide what concept is best. Linda has over 200 pre-screened franchises that have committed to this proven investigation process, so there will be consistency as you proceed with due diligence.
How do I know which franchise is the best fit for me?
How do I know which franchise is the best fit for me?
Since the year 2000, Linda has helped hundreds of people figure out what they are looking for, using the proven
FranChoice technique. She accomplishes this by getting to know you, personally. She digs in and asks the hard questions while guiding you with compassion and understanding. You will feel as if you are family while Linda guides you through the turbulent waters of entrepreneurship. You will feel the comfort of a buoyant wetsuit as she points you to the safe shores of franchising.
How do I know if I'm destined for franchising?
How do I know if I'm destined for franchising?
Linda has separated pretenders from contenders for many years. She will be able to help you understand what it takes to be a franchisee and will not let you move forward if you are not a good fit. If you are a good fit, she knows what is necessary in order to make the perfect match between a true buyer and franchisor. Her sharp listening skills, broad knowledge and discriminating judgment in the franchise industry are paramount in helping people control their destiny and realize their dream of becoming independent business owners.
How do you ensure success?
How do you ensure success?
Experts state that there is a much higher success rate when the owner is excited about the business. Linda focuses on the business attributes that you have interest in. Sometimes this means simply getting excited about the business model. Other times, there needs to be passion for the product or service. It’s up to you and Linda to uncover what path is best for you. You will discuss risk tolerance and investment levels that are appealing. The topics of product vs. service, storefront vs. home-based businesses and the type of employees. There will be no stone unturned and you will be in a position to make an informed decision.
Why is now a good time to become a franchisee?
Why is now a good time to become a franchisee?
Essential businesses are a priority right now. There are many franchise options that are
essential both now and when the cloud of COVID is lifted. Landlords are providing incentives never seen before. Lenders are offering great rates. Franchisors are supporting franchisees more than ever. There will be pent-up demand for goods and services once the worst is behind us.
What kind of experience do I need?
What kind of experience do I need?
The majority of franchisors do not want you to have any experience in the business they are in. They would rather train you on their systems and processes instead of having to break bad habits that may exist. The training they provide is designed to get you up to speed in a meaningful way so that you can hit the ground running. The ongoing training and field support will enable you to continue to grow your business with confidence.
How long does it take to be open for business?
How long does it take to be open for business?
The investigation process takes 3-6 weeks. Once you make the decision to move forward, the time it takes to open your franchise will vary based on the type of model you choose. If there is real estate/storefront involved, it will take up to 6-months to open. This is because the site selection, lease negotiations, design and build-out can take time to manage. If you choose a service-based business, you can open after your training. Most service-based businesses can be open within 2-3 months and some even faster.
How much money can I make?
How much money can I make?
The amount you can potentially make as a franchise owner is revealed during your investigation when speaking with existing franchisees during validation calls. Some of the questions you ask will be, “What was your expectation for annual revenue?” - “How long did it take you to realize those expectations?” - "How long were you in business before you reached breakeven?” - “What was you rannual net profit?” - and more. After you have completed a thorough investigation, you will achieve a clear understanding of financial projections in order to make a well-informed and decision.
Linda and Marc Cayle have been helping 100s of people duplicate their franchise ownership success for over 23-years. Together, they possess a passion for helping people realize their dreams of business ownership.
Linda Cayle
P: 414.405.0224
E: lindacayle@frandestiny.com
Marc Cayle
P: 414.331.0224
E: marccayle@frandestiny.com