The franchise consultant world is the same as any other consultant industry. In order to make money, the consultant needs to be scalable. This means that they need to get through as many clients as quickly as possible and charge them as much as they can. Because of this, most consultants may be a fountain of knowledge about the franchise world, help you learn what you need to do, but don’t have the time to help you do it. The painful truth is that many might not even care if you are successful as a franchise, as long as they have received their money.
The industry leaders in franchise consulting will charge an average of $150,000 to help a client navigate through the complicated franchise process. The tough reality is that after consultation there is still all the work to be done. Consultants can tell you what legal documents you need to have drafted, but they aren’t a law firm, so you’ll still have to pay for it (outside of the money you spent on the consulting). You’ll still have to create all of your training. You’ll still have to invest in the right franchise software. You’ll still have to create all of your marketing materials, generate all of your leads and close all of your sales. And, of course, you will have to pay to do all of this outside of the consulting fee.
At Franchise Foundry, we have a different model. We don’t tell you what needs to be done, we do it. We invest in your company with our money and our team. We help you focus on supporting the franchisee and we take care of the rest. We do all the legal work in-house. We help create the systems and training. We generate all the sales leads and close the sales. This is because we’re partners. In return for our multifaceted investment, we receive equity in the franchising entity, making us completely aligned and dedicated to making sure your franchise system is as successful as possible. Your success is our success.