Financing ResourcesThis is one of the biggest aspects of buying a franchise. You need to be able to find the money to buy your franchise. Fortunately, there are a lot of ways you can find the money you need to buy your franchise. Some franchisors will finance for you and allow you to pay off the franchise while you're operating it. Ask about that option before you start looking elsewhere. If it isn't an option for the franchise you want to buy, don't worry, there are other options. You could consider a franchise investor. There are plenty of people who are willing to invest in your franchise if it looks like they can get a good return on their investment. The Small Business Administration (SBA) is another financing option. The loans are sponsored by the U.S. SBA to provide Americans with tools, guidance, and support for starting and operating small businesses. The loan program uses intermediary lenders (mostly banks) as partners for giving small business loans. The SBA guarantees the loan and will refund most of the loan to the lender if the borrower defaults. SBA loans are desirable because of their high capital amounts, low-interest rates, and the term length of the loans.
Franchise Legal ResourcesAny attorney can help you break down franchise agreements, non-disclosure agreements, and documents regarding franchisor disclosure requirements, but an attorney that specializes in franchise law is usually more familiar with the relationship between franchisor and franchisee. If possible, find a lawyer that specializes in franchise issues. The cost of a franchise attorney can save you time and money down the line as you look for a franchise to buy. They can also help if any issues arise after you purchase your franchise business.
Franchise Advisor ResourcesA franchise advisor (franchise consultant) is someone who understands the ins and outs of franchising and can offer advice to someone who is weighing their options before buying a franchise. They can make suggestions that can help you find a successful franchise. Franchise advisors can also help an existing business find ways to improve their success or determine ways they can expand or diversify safely. Franchise consultants are not necessary, but if you feel you need an extra hand in making decisions about buying, operating, or expanding on a franchise, you might want a third-party advisor. Franchise advisors are more for understanding and making business decisions, whereas a franchise attorney offers advice in legal matters. You might also hear the term "franchise broker." Sometimes franchise brokers present themselves as franchise consultants, but they aren't consultants. A franchise broker, like a real estate agent, is a third-party entity that facilitates the sale of franchises. Franchise consultants don't have a vested interest in a specific franchise. Their goal is to help you find the right franchise. A franchise broker has an agreement with specific franchises.
Franchise OpportunitiesWe've saved this for last, but it will likely be where you start. You'll want to find a franchise that fits your needs. This includes finding a franchise you'll enjoy as a business, finding one that fits your budget, and finding one that will be successful. You might use a franchise consultant to help you do this, or you might go at it on your own. After all, there's a good chance you know what you're looking for. It's just a matter of finding the franchise, securing the financing (a bank loan, the SBA, an investor), and closing on a deal.
All USA Franchises Can Help You Get StartedWhether you are an investor looking for a franchise investment, a franchise wanting to list your franchise opportunity or someone who is looking for a franchise to buy, All USA Franchises has what you need. We are on a mission to list all 3000 plus franchises in the US. You can start your franchise search and look through franchise opportunities by industry or by investment. This lets you find the right franchise opportunities in the investment range that fits your budget.