Why in the world would I pay a franchise fee? This is a common question certified franchise consultants (CFC) get all the time. A franchise fee is a one-time fee charged to a new franchisee when purchasing a franchise. Franchise fees can range from a few thousand dollars to over $50,000 and are usually paid at the time of signing a franchise agreement and in most cases, non-negotiable, at least in the case of single unit franchises.
Franchise consultants are trained to educate investors when exploring a franchise opportunity on what the franchise fee covers and why it’s important. The most common things that are offered in return for a franchise fee are inclusion in the system, rights to use a franchisors brand, trademarks, marketing materials, etc. Franchise fees also typically include comprehensive training to run the business, access to proprietary systems and business processes, rights to utilize negotiated vendor products and services, software, operations manuals and location selection and build-out assistance. While these are the more common things included with a franchise fee sometimes franchisors will include other items and services such as a grand opening campaign, computers, software and supplies for the trade.
There are so many ways certified franchised consultants can help individuals understand the value of a franchise vs. going at it alone. Have you ever considered becoming a Certified Franchise Consultant? Franchise consulting is a flexible work from home business. For many, it’s the perfect choice where they can change lives and change generations all without the restrictions of a territory! Perhaps franchise consulting is for you.
If you’d like to learn more, please email connect@franserve.com.
– Don Clayton, CFC
Don Clayton has spent more than 17 years helping others achieve their dream of business ownership. Starting as a franchise consultant for FranServe in 2012, he quickly became a top producer. His passion for the business led Don to the position of VP of Talent Acquisition, where he is committed to recruiting qualified candidates who are likely to succeed. For more information on franchise consulting, please contact connect@franserve.com or visit www.franserve.com
FranServe, Inc. was founded with one goal: to help others achieve their dreams of business ownership through franchising. We love changing people’s lives! As the largest franchise consulting and expansion organization in the world, we connect entrepreneurs to franchise opportunities, introduce franchisors to qualified people, and train the industry’s most knowledgeable consultants to make it all happen. Our culture, technology, reach and scale are helping us revolutionize the industry.