What’s a Franchise?

What’s a Franchise?

A franchise is actually an agreement between two independent parties which grants certain rights and sets obligations. Some of these are:

  • The right to market a product or service under a trademark or trade name.
  • The right to market a product or service using particular operating methods.
  • The obligation of the Franchisee to pay Franchisor for rights, obligation of the Franchisor to provide training

This agreement is the foundation of a successful franchise system.

What does a Franchise Consultant do?

A franchise consultant is an expert in the field of franchising. They assist franchise buyers in selecting a franchise that meets a specific set of buyer objectives.

We partner with you and provide our Experience, Knowledge and a proven 10 step franchise buying process, to give you Clarity and Direction in your franchise search. Be Confident knowing you are partnering with professionals.

What is the Process for Buying a Franchise?

To keep you on track to reaching your goals, we use a proven system and process for selecting the best concepts for you. At each step, we make sure you are fully engaged and informed.

Our 11-Step Franchise-Buying Process:

  • Initial Call
  • Matching
  • Exclusive Research
  • Presentation
  • Introductions
  • Document Review
  • Validation Calls
  • Discovery Day
  • Agreement
  • Purchase
  • Grand Opening

By following our process, you will have a clear path to accomplishing your goals of buying the right franchise.

How Long Will it Take to be in Business:
On average, once you begin your search and start the selection process it usually takes up to 5 or 6 months to buy a franchise but the time can be a little as three months depending on your time commitment.. may take up to a year or more to make a decision. Click here to search our list of franchises for sale in Ohio.

What Type of Franchise Financing is available?
There are multiple options for funding as outlined on www.franchisedirect1.com. We devote a complete page to helping you review and explore financing options. Some options include

401k/IRA funding, unsecured lines of credit, and SBA loans. We will help you determine the best combination of financial strategies that fit your specific situation. Click here to see your franchise funding options or other small business funding.

Do I need previous experience to buy a franchise?

Are there many franchises for sale in Ohio versus other parts of the country? Many franchisors do not require you have a background in their industry. When you speak to the franchisor, they typically will tell you what qualifications you need to be a successful franchisee. Basically, if you follow the franchise system the way it is outlined, you have a high probability of success.

What is the next Step?

Simply select this link to contact us and we will then contact you to understand your objectives and determine the next steps. Without an experienced consultant or a proven plan, it not all franchises are created equal and you can use the expertise of a franchise consultant at no charge to you! franchise search. Partner with us at Franchise Direct 1. Click here to fill out our contact form to get started!

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