Q. Are there advantages to using Franchise Quest, rather than going directly to the franchisors?
A. Absolutely. There are a number of advantages to getting assistance from a professional who knows the inside workings of an industry or issue. Would you want to go to court without a lawyer, or have a medical procedure performed without consultation with a doctor? Most people wouldn't and that's why thousands of franchise seekers enjoy the benefit of using a franchise coach / consultant who can help identify businesses that are closely aligned with their talents, interests, goals and financial requirements.
Q. What will it cost me to use Franchise Quest?
A. Franchise Quest provides one-stop shopping for all your entrepreneurial needs with the advantage of time saving research and business matching performed at no cost to you. Our fees are paid by the franchisor and it does not impact your cost in any way. You will pay the same franchise fee regardless of whether you receive the advantages of our service, or work directly with the franchisor. Federal Trade Commission regulations require the franchisor to charge you the same franchise fee whether you go through us or directly to them.
Q. What type of businesses does Franchise Quest present?
A. Franchise Quest recruits and matches candidates for many of the country's top franchises, with access to a cross-section of hundreds of quality franchisors, distributors and licensed business opportunities.
Q. Does the Franchise Quest service include any training, advice, or counsel?
A. No. We strive to present only high-quality businesses. Franchise Quest strongly recommends that you perform a thorough due diligence and consult with a qualified CPA and attorney (preferably one who is knowledgeable of franchising) prior to making a business purchase decision.
Q. How will Franchise Quest match me with the right business?
A. Our goal is to find a business opportunity / franchise that will meet your career, financial and life-style needs. To most effectively do this, we will need to learn from you what those goals and needs are. During the Franchise quest process, you will be requested to complete a Franchise Quest Candidate Questionnaire. Upon completion of the questionnaire, we will conduct a teleconference / interview to review the questions / answers. The information from the questionnaire and interview will help us to crystallize your personal and professional needs and goals prior to starting "the quest". The questions below will also supply useful information.
Q. Are there advantages to buying a franchise?
A. There are many advantages, and number 1 is increasing your odds for success. Other advantages franchising offers are experience; training; ongoing support; name recognition; tested sales and marketing systems; site selection; speed and efficiency for start-up; and simplicity of operation. A 1999 study by The United States Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of them were still open for business. A study conducted from 1971 to 1997 by the U.S. Department of Commerce showed that during that time less than 5% of franchise businesses were closed each year. Compare that to a U.S. Small Business Administration study conducted from 1978 to 1998, which found that 62% of non-franchised businesses closed within the first 6 years of their opening due to failure, bankruptcy, etc. Additionally, landlords love franchises because of their stable track record, a proven system, and an effective business model. Last year, over 50% of all retail goods and services were sold through franchised businesses. Franchising offers the opportunity to be in business for yourself, but not by yourself.
Q. Do I need specific industry experience to successfully own a franchise?
A. Most franchisors aren't looking for people with industry experience because they know the business. They want franchisees with business and management skills, not technical expertise. Thus, buying a franchise has proven to be a great vehicle for thousands of people to effectively transition to a new industry.
Q. I'm interested in making "the quest." What is my next step?
A. Complete the information on the Contact Me page and submit or call 210-479-2491 or if outside San Antonio, 888-479-2491.