Franchise Brokers Association BLOG

Seeing a franchisee’s operation first-hand is truly eye opening.  You get to see the day-to-day life of a franchisee in a given system and can give your clients an honest description of what they can expect when they invest in this franchise or business opportunity.

The FBA is so pleased to announce this opportunity to franchise brokers and consultants who are attending the FBA’s upcoming Convention.  Signworld has graciously invited 2011 Convention attendees on a private tour of a local Signworld operation.  The tour will take place November 9^th from 12:00 – 2:00 pm, travel between the Convention hotel and the licensee’s location and lunch is provided.

This is an excellent occasion to see the operations of the notable Signworld opportunity, meet and ask questions of a Signworld licensee and see why this is a fantastic investment for your client.

 Registration for the Convention and an RSVP for the tour are required. 

For details on the event click here.

For questions or to RSVP, please contact Andrea at andrea@franchiseba.com.

One of the greatest advantages of investing in a franchise over building a business from scratch is the ability to leverage your investment.

While some banks will still loan funds to a qualified individual to start a business, they are few and far between.  With the state of the industry, you now have to provide not only more but a higher quality of information to the lenders to improve your chance of getting a loan.  When investing in a franchise, the loan process is easier.  Franchise companies have a track record of other business owners who have run this type of business successfully.  They provide the FDD which contains exact start-up costs, materials, suppliers and more.

Franchisors many times have relationships with lenders that help their franchise prospects apply for and obtain funding.  A franchise broker can also give you access to lending information, companies that they recommend and would (or maybe have) used, giving you direct access to companies and contacts that know the benefits of franchising and helping your chances of getting the loan to start your business.

This all makes sense, if you were loaning your money, wouldn’t you want to see the highest chance of success possible for your borrower?  Franchising has proven time and time again to provide this.  Therefore, banks prefer a business with data, statistics, and proof to back up the borrower’s forecast.

Learn about leading franchise funding sources and franchisors with funding connections, contact us here.

Each year, we are inspired by all the amazing results that stem from the best brokers, consultants and franchisors coming together to meet, network and learn at the FBA’s Annual Convention. Relationships (and deals) are made each year, and we want to share a few of these phenomenal success stories with you.

At the 2009 convention one of the exhibiting franchisors met one of our top consultants. They forged a relationship and continued to stay in contact after the event ended. The consultant was offered an opportunity to work internally with the franchise. He has since helped them strategize and execute their growth plan.

At the 2010 convention, a franchisor met one of our brand new brokers. Shortly after the event, the broker was speaking with a new client and chose to show the franchise that he had recently formed a strong relationship with. The client ended up purchasing four territories and is planning on buying more! After this placement we featured this success story on our weekly Executive Director’s Forum call. Soon after, several other consultants targeted and sold this system, all from the relationship built at the convention.

The small investment to attend or exhibit at the Convention can be an invaluable investment in the growth and success of your business.

Want to network and build valuable connections? Join us at the 2011 Franchise Brokers Association Convention, taking place November 9 – 11, 2011 at the Wyndham Orlando Resort. Click here for details.

Franchising Means Support

What do the most successful people in business have in common?  Each one became successful by surrounding themselves with people that are more successful than they are.  It makes absolute sense, you must surround yourself with successful people, those who can support you, assist in the growth of your business and share their knowledge. 

With a franchise you are awarded the opportunity to work with hundreds of successful franchisees and the team that supports them.  We always explain to our clients that if they want to be successful, they must use the support of the Franchisor.  They are busy working on the business.  They are developing it and creating the tools, resources, systems and staff that is necessary to make the business run smoothly and effectively.

When choosing a franchisor, always pick the one that gives you the most support and then use it.  There are countless stories that come across our desks daily of all the successful franchisees that we have placed in solid, thriving franchises.  That could be you!  If you are or become a franchisee, use the support of your franchisor, the tried and true systems, tools and resources available to you.  They are there to make you successful!

Contact us to learn about successful and supportive franchise companies and to discuss which franchises match your entrepreneurial goals.