Frequently Asked Questions
Below are several frequently asked questions about franchising and working with AWR Franchise Consultants.
Who are AWR Franchise Consultants?
AWR Franchise Consultants is a franchise consulting firm located in Philadelphia, PA. Our firm has extensive resources and knowledge about the franchise industry and currently works with hundreds of today’s top franchise brands from dozens of different industries.
What is a Franchise Consultant, Why work with
one?
As experienced Franchise consultants we represent over 500 different franchises. We have done extensive research on each brand, so we can offer our clients a wealth of inside information about specific franchise industries and opportunities.
After we get to know you, we offer professional guidance by helping you research the best franchises that can accomplish your personal and financial goals and are available in your desired market. We also help you avoid costly mistakes; you don’t have to go about it alone.
What does it cost to work with AWR Franchise
Consultants?
There is never any fee to work with AWR Franchise Consultants. How is that possible? Our Franchise company partners pay us to help them find qualified,
passionate, franchise owner candidates, where there is a good mutual fit. Our firm only gets paid only if we help you succeed in finding the right franchise opportunity.
What is a franchise?
A franchise is a business model that involves a franchisor granting the rights to independent entrepreneurs, known as franchisees, to operate under the franchisor’s brand and business system in exchange for royalty payments, calculated as a percentage of sales.
Franchisor vs. franchisee?
The franchisor is the company or individual who grants the franchise license to franchisees, while the franchisee is the individual or group that pays for the right to use the franchisor’s proprietary business knowledge, processes, and branding to sell products or services within a specified time and location.
What are the opportunities in the franchise
business model?
Franchise opportunities span various industries including food, retail, home services, senior services, business services, health & Fitness and more. Prospective franchisees can choose the type of franchise that aligns with their interests, skills, and financial capabilities.
What Are My Options for Funding My
Business?
There are numerous 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. We have relationships with leading funding partners that specialize in franchise funding.
How Do I Run a Business That Has a Product
or Service That I’m Unfamiliar With?
Franchise companies want to see their owners succeed and provide extensive training programs to educate franchisees on their products, services and proven successful business processes. So, initially, specific industry knowledge isn’t required. Franchisors also provide advertising and marketing support to help build the business faster, setting franchisees up for success.
How Do I Know How Much Money I Can Make?
We guide you through the process of researching franchises that you are interested in. Within the process, you will get the chance to speak with the leadership of the franchise brand, but more importantly, actual owners of the franchise to determine the profit potential of the franchise.
How Much Money Am I Going to Need to Invest?
Your cash investment needed depends on the franchise, we help you with your budget.
Each of our candidates goes through a funding pre-qualification process to help determine if they have enough money to purchase a franchise. The typical requirements are:
- A net worth of $250K
- $20K in liquid assets
- A credit score above 650
Why Should I invest in a Franchise vs starting
a business from scratch?
Regardless of whether you have industry or business ownership experience, successful franchises offer complete training, comprehensive support from the home office, a proven business system, and a product or service that has proven itself to be popular and in-demand. This is a tremendous advantage over starting an unproven business from scratch.
What are the benefits of owning my Own Franchise business?
Business ownership offers you the opportunity to take control of your career, finances, schedule and future. You will be your own boss, work hard for yourself, and potentially reap the rewards that business ownership can offer.
Is Franchising Right For You?
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