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Questions to Ask Other Franchisees | Franchise Strategy Partners

Questions to Ask Other Franchisees | Franchise Strategy Partners

Choosing a franchise is an exciting time for an aspiring franchisee. There is so much to learn and take away from this new opportunity that has been presented to you. But before you begin your franchising journey, it can be helpful to speak with franchisees of the franchise you are interested in to get a better idea of how it operates.

This blog will offer up the questions you should ask your fellow franchisees about the franchisor, costs and the daily operation of the franchise.

Questions About the Franchisor

There is no relationship in franchising more valuable than the one between a franchisee and a franchisor. When speaking to your fellow franchisees, you should ask questions that focus on the dynamic between the two. It can be helpful to know how involved the franchisor is in the decision-making process and whether they offer training and support to their franchisees.

It would be best if you also asked about the franchisor’s background. Try to get an idea of their level of experience. These questions can help you understand how the franchisor works and what you should expect if you join that franchise system.

Questions About Costs

You will want to know everything you can about the costs and fees for the franchise you are interested in. When speaking with fellow franchisees, it may be helpful to ask questions about the initial investment for the franchise and how fees are structured.

You should also ask about any hidden fees or unexpected costs that they may have encountered. And while it may be an uncomfortable conversation, you should ask about the return on investment. This is information that can be helpful to you.

Questions About the Day-to-Day Operation

To get a sense of what you will be doing from day to day, you should ask questions about the daily operation of your franchise. You can ask questions about customer relations, managing staff and any common challenges they face. It may be helpful to ask about their daily schedule and how many hours they work.

Don’t hesitate to ask what they like and dislike about owning a franchise. Finding out all you can about the franchise will help you to be more prepared!

If you are ready to start your career as a franchisee, get in touch today to get started with a free consultation.

Factors to Consider When Picking a Franchise | Franchise Strategy Partners

Factors to Consider When Picking a Franchise | Franchise Strategy Partners

Purchasing a franchise is a life-changing decision for a franchise owner. But before going out and purchasing a franchise, some factors need to be taken into consideration to help you pick the franchise that is the right fit.

This blog will discuss how your business goals, financial readiness and other franchisees play a role in helping you select a franchise. It will also discuss how the different franchising industries can impact your decision-making process.


When considering purchasing a franchise, one of the first things you should do is figure out your business goals. You will want to match yourself with a franchise that has similar goals to your own.

These goals could be as simple as making a certain amount of revenue in your first year or as complex as expanding to multiple units over the next five years. When speaking with franchisors, do not be afraid to ask questions about their goals. It will help you determine how focused they are on the brand’s growth and success.


Maybe the most important aspect to consider is your financial readiness. You need to think about what it takes to own a franchise. That includes the initial investment, ongoing fees, and any equipment and operational costs that need to be covered.

You will want to align with a franchise that is within your budget range to avoid financial problems. Should you need it, many franchises offer help with funding to get your franchise started.


If you have narrowed down your list of possible franchises, try to connect with franchisees of those brands to learn about how they operate, the experiences they’ve had with their franchisors and their brand’s track record over the last few years.

This can be helpful information that can inform your final decision. These experienced franchisees will be more than happy to help you!


Another thing to consider when purchasing a franchise is the industry you would like to work in. You should pick an industry that you have an interest in or one that you may have previous experience in. This will make franchising much more enjoyable for you.

Whether it’s working in the home repair industry or working in the fitness and health industry, there is no shortage of franchises to choose from. Take your time finding the one that is best for you!

If you are ready to start your career as a franchisee, get in touch today to get started with a free consultation.

Understanding Fees in Franchising | Franchise Strategy Partners

Understanding Fees in Franchising | Franchise Strategy Partners

Owning a franchise is a fantastic way for an entrepreneur to get a start in business ownership. Franchising allows you to work with a brand that has built its name already and has shown that it has a working and profitable system.

Franchisees are required to pay fees before they can take control of their franchise. This blog will discuss those fees and why they are important.

Franchise Fees

The first fee you will need to pay, and one of the most important, is the franchise fee. This fee allows a franchisee to become part of a franchise system. Franchise fees are one-time payments that range in price. Depending on how big the franchise brand is—and what the franchise fee covers—determines how much you will need to pay.

As a result of paying the franchise fee, you can now take advantage of the franchise’s brand name and trademarks. From there, you can then go and find an audience of your own to help your franchise grow.

Royalty Fees

Royalty fees are also important in franchising. The difference between these fees and franchise fees is that royalty fees are paid regularly. You and your franchisor can discuss how often these fees will be paid. Most will decide to make the payments either monthly or quarterly. While franchise fees focus on getting the ball rolling, royalty fees are there to keep the ball rolling.

A franchisee’s royalty fees allow for continued support from the franchise brand. This could include ongoing training, other needed services and marketing. The percentage that you will be responsible for paying will come from your gross sales and can differ from franchise to franchise. Royalty fees are also how most franchisors make their money.

Advertising Fees

Owning and operating a franchise takes a lot of work out of franchisees but also franchisors. In most instances, franchisors will be in control of any advertising that happens. This could be via social media, commercials and any other form of advertising available. These services are not cheap. This is where advertising fees for franchisees come into play.

Much like royalty fees, advertising fees are often paid regularly. These fees can help your franchisor afford national and local advertising, which will help build brand awareness and attract more customers!

If you are ready to start your career as a franchisee, get in touch today to get started with a free consultation.

Ways to Increase Your Income as a Franchisee | Franchise Strategy Partners

Ways to Increase Your Income as a Franchisee | Franchise Strategy Partners

Your business’ ability to make a profit is important for it to sustain itself and remain competitive, but it is also important for you as the franchise owner. It’s important to discuss with your franchisor to understand better how you, the franchisee, will be paid as well as how much.

This blog post will discuss three factors that contribute to franchisees’ earnings: a loyal customer base, sales revenue and cost savings.

A Customer Base:

It should come as no surprise that the success of a healthy business is dependent on a thriving customer base. Customers use the services or products that your business provides, but they also help spread the word about your business, which can lead to more customers. As your customer base grows, so will the amount of revenue that you bring in.

As a franchise owner, your salary is dependent on the amount of profit your business makes. If you are struggling to build a strong customer base, then you will see that reflected in the amount of sales as well as what you will make. But if your customer base is strong, then you should see an increase in your earnings.

Sales Revenue

While sales revenue may seem straightforward to understand, there is plenty that goes into increasing your sales revenue. But it, too, has a decisive role to play in what you as a franchise owner will make. To increase your sales revenue, you will need to change the way things work in your business.

New marketing plans that boost your social media campaigns, and include local advertising, will do a lot to build your name and attract more customers. It would be best if you also took it upon yourself to research sales trends. That way, you can determine how to stay competitive by tailoring any marketing efforts and possible offers to customers based on popular trends.

Cost Savings

Your franchisor has built relationships with vendors that provide equipment and supplies for your franchise. Oftentimes, these relationships include discounted prices for the things that you need.

This can save your business money—and, in turn, increase your personal earnings as your business will not spend as much buying necessities.

Are you ready to start your career in franchising? Get in touch today!