FranNet started it all. They were the original group of franchise consultants — or, as they go by, brokers. Like all groups they do have their failures, but FranNet is a highly respected company throughout the industry.
FranNet brokers operate within a protected territory — their state (e.g., FranNet of Virginia or FranNet of Ohio). To some this is a plus, to others a negative. We have heard references to their franchisees offering opportunities to work alongside or underneath them within a territory, but you will want to confirm and explore this with them.
According to Franchise.com the initial cost of owning a FranNet franchise ranges from $33,750 to $62,750. We believe they charge a 10% royalty on commissions generated by their brokers.
Key Highlights
- The original and most respected franchise consulting franchise
- Greater transparency and collective branding as a true franchise
- Protected state territory — a plus for some, limiting for others