Should I Hire a Franchise Consultant to Buy Into a Master Franchise Business Opportunity?

Buying into a Master Franchise Business Opportunity is much different than buying single unit franchise. When you become a franchisee, you are going to be operating a small business with one location to start. You may eventually open additional units over time, but you are starting out small and within your means, comfort zone, and will most likely work in the franchised outlet.

Entering an agreement to become a Master Franchise is much different, as you will become a franchisor yourself within the exclusive territory or region where you develop the system under the corporate brand name. And it will take a lot of capital to get it done and stay up on your agreed upon development strategy and growth rate.

If this is your intention to become a Master Franchise then you really need to hire a franchising consultant that has been around the industry for a while, worked as an area developer and knows a thing or two about selling franchises and the regulations of the state or states where you will be conducting your operations and sales.

Where can you find a qualified franchising consultant that can help in this complicated process and negotiation? Well, first I recommend that you look online and check the resumes and references of consultants that are well versed in the franchise model. You may very well find the perfect match that fits your style of doing business and compliments your strengths and weaknesses.

You should ask them the following questions:

How long have you been involved in the franchising sector?

How well do you know the region, state or area?

What other franchisors have you worked with in the past?

Are you willing to sign a confidentiality agreement?

Can you help writing a business plan and negotiate with the Franchisor for me?