Below are questions typically asked by people seeking to purchase a franchise.
Why use LBC Franchising Corp and not go directly to the franchisors?
Quite simply, to save time, money and potential aggravation! Our service is free. 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 for someone outside the industry.
How much does it cost to use the services of LBC Franchising Corp?
Nothing. The franchise buyer doesn’t pay for the services that LBC Franchising Corp provides. You will pay the published price for any franchise just as if you had gone directly to the franchisor. The franchisor absorbs our marketing costs. The franchisors respect the processes we follow and recognizes the quality and fit of clients we refer to them after our consultations are complete. LBC Franchising Corp is uniquely able to provide a win-win scenario for the investor and the franchisor.
How will LBC Franchising Corp find the best franchise for me?
Our goal is to find an opportunity that will meet your specific needs. To do this effectively, we first must understand those needs. We will ask you a series of detailed questions. Some sample questions you will be asked are:
– Why do you want to own your own business?
– Have you ever owned a business before?
– 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 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 to start your business?
– Will you be involved on a full-time or part-time basis?
These are just a few of the topics we will discuss during our consultation. With this information we will create a personalized profile to use in evaluating opportunities. We typically match our clients with the opportunities that are consistent with your needs. Doing so will save considerable time and effort.
Sorting through the over 5,000 franchise opportunities can be a long, confusing process when you go it alone. Many people spend months sorting through companies without 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 require to be included in our inventory. Like you, we only desire to work with the BEST companies out there.
Why should I buy a franchise?
If your are going to buy a business you should consider franchising first. Franchising offers you the opportunity to be in business for yourself, but not by yourself. The franchisor is there to provide support for all the key functions of the business. They are intimately familiar with their business and know how to deal with challenges effectively.
Prior to your opening, they provide extensive training and support so you’re well prepared to handle the start up. They may also provide advertising and marketing support to help launch your business more quickly. The most significant benefit to franchising is the reduced level of risk. This comes from a franchise system’s proven method of doing business.
Is financial assistance available?
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.
How soon can I get my business started?
This depends almost completely on you. The franchise consultation process can be completed easily within a few days if you are motivated. After you begin investigating opportunities, we typically can find a great match for you within one to three months. After you select the right business for you, it will typically take anywhere from 2 weeks to 6 months for your actual business to open for operation.
Do I need specific industry experience to successfully own a franchise?
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 seek 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.