Working With Compass Franchise Consulting - The Process

Thank you very much for visiting this website. We applaud you for considering a franchise opportunity and look forward to earning your trust as we possibly move forward together.

As Franchise Consultants, we work directly with highly committed and motivated professionals and assist them in finding a franchise business opportunity that works for them on all levels – professional, financial and personal. We possess the industry resources and contacts to help you determine what is the best franchise opportunity for you. And best of all, our services are at no cost to you.

The franchisors enjoy working with us as we can screen and offer them worthwhile and valuable prospects that are the "right fit." From a franchisor's perspective, our candidates are highly sought after as they have gone through a pre-screening process and are often the “ideal candidate” for a franchise opportunity.

We work directly with more than 300 franchise opportunities and our network of contacts within the franchise industry is strong and robust. As your Franchise Consultant, we take away the confusion of finding a franchise that will work well for you.

We have over 20 years of business experience and are confident that we have the resources, skills and abilities to help you find the right franchise that will give you what you want – our franchise screening requirements are rigorous and this commitment uncovers the excellent franchises, while weeding out the not-so-great ones. As a franchise owner, you reap the rewards of owning your own business and you are not alone. The support and business model are in place. In so many ways, a franchise business opportunity is the most exciting opportunity there is!

Bottom line? We provide the professional service of a “matchmaker.” We will assist you in finding a business franchise that best suits your professional talents, financial goals and personal needs. Of course, you are directly responsible for moving your process forward with your chosen franchise opportunity. And during this process, we are always available for coaching and consultations – all free of charge, of course.

Here is an overview of our process together once we begin our first phone consultation:

Step 1 - Contact Us
There is no time like the present to see what options you have. The information you provide is kept confidential and is reviewed by our staff to provide you the best opportunities for your particular needs.

Step 2 - First Appointment
One of our consultants will contact you to discuss your goals and objectives in owning a franchise. You will then be sent a confidential self assessment profile to fill out and return to your consultant. The phone conversations combined with your answers on this self assessment profile will assist your consultant to understand your particular goals and needs and identify the best opportunity for you.

Step 3 – Second Appointment
You and your consultant will review your self assessment profile in depth, to help them fully understand your goals and needs.

Step 4 – Research
We take the information provided by you, research available franchises and match them with your stated goals and needs to identify the best 3-4 that match your requirements.

Step 5 – Presentation
We present you with the opportunities that we have identified in our research. If any of the opportunities are of interest to you, we will then arrange an introduction directly to a high-level representative of the franchise.

It is important to remember that our Franchise Consultant will present you with opportunities, but you must make the decision that is best for you and your family. Therefore, refining the criteria for the best opportunity for you is an ongoing process.

Step 6 - Introduction to Franchisor
For each of the opportunities that you have an interest, we will introduce you to the franchisor. The franchisor will send materials to help you become acquainted with their franchise. They will also send the Uniform Franchise Offering Circular (UFOC), which is a disclosure document for their franchise opportunity. The UFOC receipt should be signed and returned immediately.

Step 7 - Review of the UFOC
We will discuss the items that are contained in an UFOC; in particular items that you should pay close attention. You should then review the UFOC in complete detail, writing down any questions or concerns for discussion with the Franchisor. The UFOC will contain a list of franchisees and contact information.

Step 8 - Call Franchisees
The franchisor will provide you a complete list of their current franchisees and their contact information. It is important that you call several of them to get a good sense of their success and satisfaction with the company. These are a great source of unbiased information about the business and what you can expect should you decide to buy a franchise.

Step 9 - Consultation with Attorney and Accountant
When you choose a franchise to purchase, you should consult and attorney and accountant with expertise in franchising, to have all your questions answered and review the documentation provided to you from the company.

Step 10 - Attend a Discovery Day
Most franchisors have a Discovery Day, where they will invite you to their location. You will not only receive crucial information for your decision, but also have the chance to meet the management and staff that will be providing your initial training and continuing support.

Step 11 - Decision Time
You have taken all of the steps up to the door, and now you must open it. Decision time. Congratulations - you have decided to buy a franchise. You have become a “Frantrepreneur”, a cross between a traditional entrepreneur and a modern franchise owner. A person that possesses the desire to be a business owner, but does not want to reinvent the wheel.

Please fill out the form to the left to begin this process. You will be contacted promptly to set up our first phone meeting. To answer your immediate questions about buying a franchise, please see our FAQ's and Statistics pages.

There are so many exciting franchise opportunities – both in your local area and nationally. We look forward to working directly with you and coaching you to your “best franchise opportunity.”