Franchise FAQ’s

How much money can I make with a franchise?

There is a range of incomes in the franchisor’s Franchise Disclosure Document (FDD) which the franchisor will provide.

What is the total investment required?

You will learn general investment costs in the estimated investment section of the FDD.

How long will it take before I reach the break-even point with my new franchise?

The franchisor will give you a range of time in which most of their franchisees reach the break-even point.

What kind of businesses are franchised?

Just about any business you can think of.

Life and Transition Coach FAQ’s

How can a career and life transition coach assist me?

A life coach will help you build a vision for your life and career. A consultant will offer helpful advice on what to do and how to do it. A counselor is a trained professional who gives advice usually on emotional problems.

What is Career & Life Transition Coaching?

Career and life transition coaching is an ongoing partnership to help you focus on fulfilling your goals in your personal and professional life.

What is the difference between a coach, consultant and a counselor?

A life coach will help you build a vision for your life and career. A consultant will offer helpful advice on what to do and how to do it. A counselor is a trained professional who gives advise usually on emotional problems.

What is Career & Life Transition Coaching?

It is a journey of discovery. The focus is on where you are now in your life, how to move forward, discover what you’re passionate about doing and create a more purposeful life and career.

    

What are some of the benefits of working with a Career & Life Transition Coach?

You learn to make better decisions and significant changes in your professional and personal life. You will set better goals and reach them faster. You will reduce stress and simplify your life and you will make a bigger impact on your world.

What is the format?

Coaching sessions are done either in person or on the telephone usually for one hour, 2-3 times a month. It is a journey of discovery. The focus is on where you are in your life and how to create a purpose for your life and career.

Financial FAQ’s

How much money do I have to put down?

The cash injection required to finance a business purchase varies depending on the type of lending product, the individual and the franchise being purchased. Lenders may require anywhere from 0% to 30% cash down, depending on the lending product.

How long does the funding process take?

FranFund believes in thorough planning prior to implementing a capitalization strategy. The planning process typically takes 3-5 business days once all of your information has been submitted. Implementing the capitalization strategy can take anywhere from two weeks to several months, depending on the source and scope of the project and the source of the funds.

What is debt funding?

Debt funding is a means by which business investor’s borrow money to capitalize their new enterprise. Debt can consist of an SBA loan, conventional lending or even equipment leasing. How do you know which debt strategy is best for you? FranFund can work with you to discover the most appropriate borrowing strategy and then work as your advocate in the process of securing the necessary funds.

What is equity funding?

Equity funding is a cash injection into a new business enterprise by the owner(s). Every business purchase requires some type of cash injection from the owner. There is no such thing as "no money down". In fact, most franchisors require a minimum investment from a new franchisee. Many people have the majority of their net worth tied up in their retirement accounts and their homes, which can present a problem when trying to capitalize a business. If it is determined through the planning process that retirement funds or home equity is a viable alternative for you, FranFund will assist you by providing ways to utilize retirement money through our FranPlan product, as well as provide access to home equity.

Do I need to form a company, and what kind of company should it be?

To receive commercial funding, lenders require that you be incorporated. Whether you form a corporation, LLC or other business entity, the best business structure for your new enterprise is going to depend on a number of variables, including your funding strategy. FranFund can assist you with determining whether specific corporate structures will be necessary.