I Want To Buy A Franchise
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Helping people buy a franchise that is best for them
Looking to buy the ideal franchise?
Sunshine Consulting provides franchise consulting and brokerage services to individuals who want to buy a franchise find a concept that is best for them. Our six step process is designed to determine suitability, identify your income and lifestyle objectives, and target specific opportunities that can help you achieve your goals. The strategic approach can help:
Save you time: There are an estimated 3000+ franchise concepts available in the market today. Some work and some don’t. Trying to navigate through all this information can be confusing and overwhelming. By taking a more strategic approach, you can spend more time researching concepts that are better aligned with your interests.
Have access to our extensive contacts: There is no need to go through this process on your own. We have extensive industry contacts including franchise attorneys, franchise concepts and access to lending sources. This can provide you with better information to make a more informed decision.
Learn about the franchise industry: You may want to buy a franchise, but it’s not for everyone. An extensive part of our franchise consulting process is about education. In order to make a good decision, you need to LEARN the details about the franchise industry. This will help determine if owning a franchise is the RIGHT option for you, and also help you buy a franchise best suited to meet your goals.
Address questions you might not ask: LIFESTYLE: There is more than just the business. It’s how it fits within your personal goals and objectives. Owning a franchise can be fun and financially rewarding provided it fits with what YOU want. This can further help you make a more informed decision and identify concepts you might not have even considered.
Should I Buy A Franchise? Is it Right for Me?
Franchise Consulting, Brokerage & Business Coaching: The Six Steps – How to buy a franchise the right way
Step 1: Initial Consult: This part of our process is all about explaining the basics of the franchise industry, understanding the typical financial requirements and explaining the research process. By the end of our initial consult you will have facts and information to see if you want to take the next steps.
Step 2: Lifestyle and Profile: This is a detailed questionnaire for you to complete in preparation for our next appointment. During this process you’ll answer questions on your goals and objectives, list franchise concepts of interest and prepare a personals financial statement to determine if franchise ownership is suitable for you. To download the questionnaire please click this link.
Step 3: Interview and Assessment: During this appointment we will review your questionnaire and address more detailed questions regarding your goals and objectives. This is one of the most critical aspects of our franchise consulting process. After this call we will have a clear picture of your investment suitability, your financial goals, your ideal business and your life style objectives.
Step 4: Presentation of Franchise Concepts: During this process we present a set number of franchise concepts for you to review. These concepts will be available in your market, aligned with your skills and interests and financially attainable given a review of your financial situation. It’s not uncommon for you to go through this step and review many concepts until you determine a concept you are comfortable and interested in.
Step 5: Introduction to the Franchise & Research: Speaking with franchisors is a great opportunity to learn about their business and see if it’s the right fit for you. The research process can take anywhere from 30 days to several months. You operate at your pace and we highly recommend working closely with a qualified franchise attorney and your CPA. During this process you will:
Speak with the franchisor – Learn the about the business.
Review the Franchise Disclosure Document
Review the Franchise Agreement
Speak with Current Franchisees of the franchise
Review the business closely and prepare a business plan
Review agreements with a franchise attorney and CPA – HIGHLY RECOMMENDED
Visit the franchise headquarters and tour current locations
Step 6: Sign Your Agreement: After thoroughly reviewing the provided information and working closely with your advisors you sign the agreement and start your business.
I am Interested in Learning More About How to Buy a Franchise?
Click here to contact us to arrange a free franchise consultation
If you’re serious about owning a franchise and want to learn more about how our franchise consulting and brokerage services can help you please call 866 934 7167 or email info@sunshineconsultingltd.com.