Multi-Unit Franchise Experts

Franchise Guide

Getting Started with Franchising: FAQs for Entrepreneurs

The International Franchise Professionals Group (IFPG) is an experienced and well-respected membership-based franchise consulting network comprised of over 1,300 franchisors, franchise consultants, and vendor members. Our dedicated mission is to help business owners identify and invest in franchise businesses with integrity, ethics, and collaboration.

The following are some of the most frequently asked questions from business owners considering investing in a franchise, and how the IFPG can help take the complexities out of the decision-making process:

What types of franchises are available?

Franchises come in all forms, from fast-food restaurants and home improvement stores to real estate and healthcare businesses. There are franchises available in almost every industry, giving business owners plenty of choices. One of the benefits of working with IFPG is the sheer number of franchises they have access to. Each member of the IFPG brings their portfolio of franchises, and the potential business owners have a much bigger selection to choose from.

What are the associated costs?

Costs can vary drastically from franchise to franchise, depending on the industry and the initial investment required. The IFPG can provide business owners with detailed information about the cost of entry for every franchise.

Do I need experience to purchase a franchise?

Generally speaking, it’s not necessary to have prior experience in the business or industry related to the franchise. All franchises come with an extensive training package and support to help the franchisee become successful.

What are the best franchises for busy families?

Today’s entrepreneurs have the potential to set and schedule their own hours, allowing them more flexibility when it comes to finding a balance between family and their business. Businesses such as senior care, child care, home health care, and pet care franchises are especially attractive to busy families who are looking for a way to invest while still allowing them to prioritize their family time.

How do I determine which franchises are best for me?

IFPG specializes in taking the complexities out of selecting a franchise. After considering the business goals and interests of the families, IFPG will provide advice on which franchises will be the best fit both financially and emotionally.

What is the process of purchasing a franchise?

The process begins with IFPG helping to identify the best franchise for the family. They will then provide detailed information about the purchase process and help guide the family through the due-diligence process. If the business owners decide that the franchise is a good fit, IFPG will help them launch the new business.

Topics:

Franchising,

Entrepreneurship,

Franchises

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