What is a franchise?
A franchise enables a franchise owner (franchisee), to operate a specific business model. The franchisee pays a franchise fee and is granted a format or system developed by the company (franchisor) including the right to use the franchisor’s name for a limited time, and ongoing assistance. For example, the franchisor may provide assistance in finding a location for an outlet; initial training, an operating manual; and advice on management, marketing, or personnel. The franchisor may provide support through periodic newsletters, a toll-free telephone number, a website, or scheduled workshops or seminars.
To ensure uniformity and to protect their brand, franchisors carefully control how franchisees conduct business.
What is a business opportunity?
In broad terms, a business opportunity tends to focus on a product or service while in a franchise it is the system of delivery that is most important. Another difference is that an owner of a business opportunity generally does not use the company’s name or logo which is required with a franchise. Business opportunities can be difficult to define because not every state with a business opportunity law defines the term in the same manner.
Clear Choice Franchising, LLC will help you determine which type you may be well suited for.
How can Clear Choice Franchising, LLC help me?
First of all, you can contact a franchise company or business opportunity directly but they have the objective of selling you their concept if they think you might be a good fit. But there may be an issue of objectivity. You also might have difficulty finding out their weaknesses and challenges and who their competitors are and how they compare. You probably will not be made become aware of other franchises or business opportunities that might be a much better fit for you.
At Clear Choice Franchising, LLC, before you invest in a particular franchise system we will work with you to evaluate:
• Your abilities
• Your goals
• Your investment (we are not financial planners; you should seek professional advise)
• Demand for the type of products and services of interest to you
• Competition
• Name and brand recognition of businesses considered
• Quality of training and support services franchisor provides
• Franchisor’s experience
• Growth factors
• … and more
How much does it cost to use Clear Choice Franchising, LLC?
There is no fee or obligation in working with Clear Choice Franchising, LLC.
Our model shares some similarities with a real estate agent. We spend time getting to know people’s needs and interests and introduce them to suitable franchises and business opportunities for them to consider. If they end up investing in one of these businesses then we are paid by those franchises and business opportunity companies.
You should know that franchising is a regulated industry and as such, franchise companies cannot charge you more because they paid a fee to Clear Choice Franchising, LLC. We have excellent relationships with the franchise and business opportunity companies we work with because they know we introduce them to highly qualified potential owners making efficient use of everyone’s time.
What types of franchises are available?
Franchising has been around for many years and because of its success there is no shortage of ones to choose from. The question is which one would fit you best. Many times people get overwhelmed with all the choices and they don’t know how to tell one from another. Other times we work with people who think they know what they want but are surprised when we make them aware of other possibilities that may be an even better fit for them.
We are experts and can help you explore the countless franchise types available such as retail, fast food, business to business, business to consumer, service based, to name a few. We love helping people explore the exciting possibility of becoming a proud business owner!
Should others be consulted with?
Buying a franchise is a complex investment. The Federal Trade Commission regulates the sale of franchises and business opportunities and you are encouraged to contact them as part of your evaluation. There may be state laws on franchising and business opportunities and you are encouraged to inquire with appropriate agencies. We also recommend you seek professional advice from a franchise attorney, accountant, financial advisors, financing experts and others as appropriate.
