Whether you’re a franchisor in growth mode and need qualified candidates to help expand your brand, or you’re a hungry entrepreneur seeking a franchise opportunity that can provide the lifestyle you have dreamed of, working with a franchise broker can save you time and money.
Franchise brokers (or consultants) deliver a plethora of services to franchisors and franchisees alike. The broker’s job is to listen to and understand your goals, no matter which side of the relationship you're on. Here are some ways brokers add save time, money and add value:
We’d also like to share some best practices for interacting with franchise brokers.
Allowing brokers to attend a Discovery Day with potential franchisees is a great way to cultivate a working relationship. It allows the broker to see exactly what kind of prospects you’re getting, and then determine ways to find other candidates of similar (or better) caliber.
If you add or change important features of your brand, always inform the brokers so they have the most current information.
Whether you’re responding to questions, territory checks, or candidate leads, be consistent in how you respond to brokers. If you take too long to reply or your response is less than helpful, brokers will be less likely to put their reputation on the line and direct candidates to you.
Never forget that getting the most out of your relationship with a broker goes well beyond listing your business (if you’re a franchisor) with them. Developing an ongoing relationship can help them help you whether you’re actively looking for a new partner today or later down the road.
FranSave brokers are trained to match franchisors and potential franchisees. Call us at any time to learn more about our services, at 844-476-7776.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.