Franchise Brokers Association BLOG

Valley Goldmine

Valley Goldmine is part of the billion dollar gold jewelry and precious metals buying industry; an industry we’ve seen boom even during recent recessionary times.  Franchisees earn money by purchasing their customers’ unwanted, outdated and broken gold jewelry and other precious metals.

Valley Goldmine uses preferred vendors to get their Franchisees the most money, while also managing the online marketing to drive business.  This concept requires little upfront capital and can open and ramp-up quickly.  They even guarantee the franchise fee; if a Franchisee does not earn back the franchise fee in the first year of operation, they will refund 1/2 of the franchise fee.

Valley Goldmine has been featured on MSNBC, Fox News and ABC, giving their brand unmatched credibility.

• Billion Dollar Industry
• Upscale, Professional Service
• Low Start-up Cost
• Financing Available
• Low Overhead
• Franchise Fee Guarantee
• “Done For You” Internet Marketing
• Instant Credibility from Media Coverage
• Recession Proof Business Model
• In Depth Training and Unlimited Support
• Earnings Claim Provided

Request to receive the Virtual Brochure when you speak to a Franchise Consultant.

Contact an FBA Member here.

Learn more about becoming a Franchise Broker or FBA Member here.

Signing the Agreement

There were some complications before the closing that related to the referring entity.  My client was being charged a fee from them for a service that they were buying outside of being awarded a franchise.  The client didn’t feel comfortable with the amount of the fees and spent some time negotiating those which held the deal up for 2 additional weeks.  Once they had settled on a fee, the paperwork was sent and we scheduled a meeting to sign.

We scheduled another meeting to collect the check and sign the paperwork.  I also had the client sign an acknowledgment for my insurance and records indicating that they made their franchise decision on their own and did their due diligence to arrive at the decision to purchase a franchise.  Since the Franchisor would be doing a mail-away signature, the client signed the paperwork and we over-nighted it with the check.  The franchise was awarded and all parties gained from the transaction.  We created a win-win-win-win situation.  The next step for my client was arranging training which had already been penciled into the Franchisor’s calendar.  We called the Franchisor to tell him about the mailed package and to inform him of the confirmation of training.

My client was one step closer to opening his own STOP business!

Learn more about using a Franchise Broker here.

Learn more about becoming a Franchise Broker or FBA Member here.

Final Meeting with Client and Franchisor

The next call we had with the Franchisor, my client came into the office.  He felt more comfortable with interactions in-person rather than over the telephone so I encouraged him to come back in.  He was pleased that I took the time out to see him in the office.  Once inside, we called the Franchisor for our final meeting.  We discussed the territory in detail and the adjustments that we made.  We went over the addendum changes again and confirmed that we were expecting the adjustments back from Eric Riess, our franchise attorney.   At the end of this meeting, my client and I discussed the transfer of funds to attend the next training.  The original training date was scheduled for October 11^th 2010, however the Franchisor indicated his trainer had a challenge with that date and needed to move the training to October 25^th, 2010.  We understood, however my client was extremely excited to start learning the materials.  He put in for the transfer and we made final arrangements to purchase his franchise.

Learn more about using a Franchise Broker here.

Learn more about becoming a Franchise Broker or FBA Member here.