The US alone has about 6500 different franchise systems. The franchise industry is vast and can be really confusing when considering buying a franchise. You may ask yourself many questions such as: is the company a franchise? Is it available in my area? Can I qualify? While a franchise consultant won’t have a total knowledge of all franchise opportunities available, he will be able to give you a lot of information about franchising in general and about the franchises he represents.

Franchise consultants get a commission from the franchisor when they sell a franchise. Some franchisors offer bigger commissions than others, so it is really tempting for the franchise consultant to “guide” potential franchise buyers in the direction that pays him the most…

A franchise consultant should:

- Never charge you for their services
- Inform, educate and give an unbiased insight on the franchising industries and its various opportunities
- Define your qualifications and make sure that you would be the right fit for the franchise you are interested in
- Present your application to a franchise

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Further Reading
What My Franchise Consultant Did Not Tell Me
Buying a Franchise - The Value of a Franchise Consultant
Franchise Brokerages - The Smart Choice in Small Business Opportunities
FranExpert Franchise Consulting
Franchising - How to Avoid 10 Common Pitfalls

This entry was posted on Tuesday, June 5th, 2007 at 3:19 pm and is filed under Franchise 101, Franchise Articles, Franchise News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.