PerfectMatch Franchise Podcast
Do you want to start a business from nothing? Is your goal to leave your corporate job and become a franchise owner? Are you already an entrepreneur or business person who is looking to learn more? If the answer is yes to any of those questions then you are at the right place!
Steve and Dylan started their business from scratch while in college. With no money they hustled their way to a $1 million dollar local junk removal business and franchised the concept. After selling multiple units, they saw the value in giving potential franchisee candidates options in case they weren't interested in a junk removal concept. Thats when they started their franchise brokerage business.
As franchise brokers, they help match people interested in buying a franchise to multiple brands they fit perfectly with. Being franchisors of their own business gives the duo provide a unique expertise and value to anyone thinking about buying a franchise.
Tune in to hear conversations about their stories and other entrepreneurs like them; along with marketing, management and sales advice and strategies!
PerfectMatch Franchise Podcast
Episode 20: What Are the Costs and Fees of a Franchise?
If you're looking into franchising, I'm sure fees and costs are one of the more important aspects you're looking at. However, it's important to not look at fees as a negative expense. Fees are what keep the brand growing and able to provide more support that aids in your success. For instance, let's say Brand A has a 6% royalty and 2% brand fund, and Brand B has a 7% royalty and a 1% brand fund. While it is true that both brands require an 8% fee, Brand A is allocating more towards a brand-wide marketing fund. Now, that isn't necessarily a good or bad thing, it's just a fact of the matter. What else you get with each brand should also be a major consideration. With that being said, it's important to know how to compare costs and fees between potential brands you're considering.