Frequently Asked Questions

Why should I buy a franchise?
Franchising offers individuals the opportunity to be in business for themselves, but not by themselves. The Franchiser is there to provide support with all the different functions of the business. They have seen the issues that can arise in their business and know how to deal with any problems effectively.

Prior to your opening, they provide extensive initial training and support so you're well prepared to handle whatever comes. They can also provide advertising and marketing support to help build your business faster. The most significant benefit to franchising is the reduced level of risk. This comes from a franchise system's proven method of doing business.

Why deal with Compass Franchise Consulting?
We offer one-stop shopping for all your entrepreneurial needs with the advantage of time saving research and business matching performed at no cost to you.

How much does it cost to use the services of Compass Franchise Consulting?
The consumer doesn't pay for the services of Compass Franchise Consulting. 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.

Franchisors respect the qualification processes we follow and recognize the quality of clients we refer to them after our consultations are complete. Compass Franchise Consulting has a unique ability to provide win-win situations for investors and franchisors.

How does Compass Franchise Consulting differ from a standard business brokerage?
A business brokerage lists and sells existing businesses, often including real estate and leases in the sale. Usually these are local businesses run by local owners and are frequently overpriced or lack sufficient bookkeeping controls. Compass Franchise Consulting represents only new business opportunities with proven business models.

What type of businesses does Compass Franchise Consulting represent?
A cross-section of hundreds of different franchises, full and part-time, small-to-large investment, nationally known to start-ups. Please see our list

Is financial assistance available?
Financing can be a major hurdle for any potential franchisee. 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 will Compass Franchise Consulting find the best franchise for me?
Our goal is to find an opportunity that will meet the specific needs of each individual we work with. To do this effectively, we first have to learn what those needs are. We will ask you a series of detailed questions. Some sample questions you will be asked are:

- What are your reasons for wanting a business of your own?

- Have you ever owned a business of your own?

- What hours do you like to work?

- Where do you want you 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 business to open?

- Will you be involved on a full-time or part-time basis?

These are just a few of the many issues we will discuss with you over the course of our consultation process. With this information we can create a personalized profile and model for you to use in evaluating opportunities.

Sorting through hundreds of franchise opportunities can be a long, confusing process. 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 have set to be included in our inventory. We do all of this so we can offer the franchise opportunity that will be the “perfect fit” for you.

How soon can I get my business started?
This depends almost completely on you. The franchise consultation process can easily be completed within a few days if you are responsive and motivated. After you begin investigating opportunities, most clients can find a great match for them 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. Franchisers need 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.

What's the next step?
Fill in the form to the left and submit it. One of our licensed consultants will contact you with free information about franchises that are available in your area.