Franchise consultant resource guide
Everything you need to understand what a franchise consultant is, who succeeds, and how the business actually works.
What is a Franchise Consultant
A franchise consultant operates similar to a recruiter or a real estate agent except focuses on franchising. They work with entrepreneurs to identify and explore franchise opportunities.
Is Franchise Experience Needed?
While it certainly can't hurt, previous franchise experience is not needed to be a successful franchise consultant. Most consultant groups will teach you a wealth of information about the industry and how to succeed.
Do I need a special License?
Currently there are no special state nor federal licensing requirements to be a professional franchise consultant.
Can this be done part time?
Absolutely! A lot of consultants own other businesses or even a full time job and work their business part-time to generate a secondary source of income.
Franchise Consultant Certification
What exactly is a Certified Franchise Consultant? The answer may surprise (or disappoint) you. Certification is offered by various groups but is not a legal requirement.
Who Makes a Great Consultant
Someone who enjoys working with and helping others, who has great phone skills and has the ability to learn and follow a proven system can make for a successful franchise consultant.
How Much Does It Cost?
Depending on the firm or group, the cost to become a franchise consultant varies from $0 to over $25,000.
How do I make money?
When a franchise consultant's prospect purchases a franchise they introduced, the consultant is paid a commission or finders fee. Consultants can also earn money helping clients secure funding and even helping other businesses become franchises.
How much can I make?
To a degree that is up to you depending on your marketing budget and how much you want to work. Commissions for consultants typically range from $15,000 – $50,000 per transaction.
How long does it take?
With most franchise consulting opportunities you can be in business in as little as 15–30 days. If you follow the program, a reasonable time frame to start earning money is 3–6 months.
Skip the salesperson. Speak directly with an active consultant.
When you request more information you will be connected with an active franchise consultant with the groups you select. Your information will only be shared with a member of the groups requested.