FranCoach FAQs

At FranCoach, we are focused on helping you determine IF franchising is the right path for you – and if it is, we will then guide you to finding the right franchise for you. Many brands seem similar on the surface, but when you peek behind the curtain, you will see stark differences in the roles of owners, the structure of the businesses, the staffing, and so much more.

With our decades of experience in the franchising industry, we can help you sift through this information to find a franchise that aligns with your goals, skills, and values. Your coach will guide you through the Discovery Process to determine your vision for what you would like to do every day and what kind of business you would like to own. Then, we will offer a selection of franchises that match these criteria and help you select the best option for YOU.

There is a big misconception in the world of franchising that you need millions of dollars in the bank in order to start a franchise. Guess what? That’s not true! Many of our clients here at FranCoach have a net worth of far less than $1M. The average single-unit total investment cost of the franchises we work with hovers around $200K, and several of our franchisor partners offer a total investment under $100K.

But even those numbers exceed the actual cash you need to have on hand. There are many funding options available to make franchise ownership accessible for virtually everyone – and at FranCoach, we will help you find the funding option that’s right for YOU.

In stark contrast to the corporate world, franchisors typically do NOT require their owners to have specific industry experience. Franchisors are seeking talented individuals to work ON the business rather than IN the business. They are more focused on transferable skills, the drive to succeed and work hard, and a history of success regardless of your industry. Plus, franchisors offer extensive training and support programs to educate each of their new owners – they want you to succeed just as much as you want success for yourself.

UItimately, finding success as a franchise owner boils down to finding the right fit. At FranCoach, that is exactly what we are focused on. Our role is to match you with a franchisor that shares your goals and values and is looking for an owner with your unique skill set. Industry is one part of the equation, but it is a relatively small consideration.

Great news: There are plenty of funding options that can help you achieve your goal of franchise ownership. From the ROBS (“Retirement Rollover”) Program to SBA Loans to HELOC and Portfolio Loans, there is a smorgasbord of funding possibilities available to you.

At FranCoach, we have relationships with leading franchise funding partners. We will educate you on all of the potential paths available to you to finance your business – and we will help you get connected with the people who can make it happen.

Unlike salaries in the corporate world, your earnings as a franchise owner are completely up to you. Want to make more? You can always keep growing and expanding, stacking multiple brands or adding new territories of the same brand. Comfortable with where you are at? There is no pressure to take on more responsibilities. Both the ceiling and the floor of your earnings are finally in your own hands.

Contrary to popular belief, you CAN keep your job and own a franchise. Many of our franchisor partners can accommodate what is called “semi-absentee ownership,” which typically requires a time commitment of 10-15 hours per week overseeing and managing your business. If you are interested in learning more about franchise opportunities that offer this level of flexibility, get in touch with us today to schedule an introductory call. We would be happy to introduce you to some of our semi-absentee partners.

There is never any fee to work with FranCoach. How is that possible? We are partnered with over 600 franchisors, and we act as talent scouts to find them their next incredible franchise owners. Maybe you are one of them.