Meet Your Franchise Broker

Everyone has an inner desire to have something of their own and leave their mark on the world. However, given the perceived risks of such a big decision, this will only remain a mere thought or pipe dream for most. This used to be me, but it is no longer!

This was my reality after college for almost 26 years until the corporate world no longer held the allure it once did for me. I was weary of investing my time and energy into something I didn’t have more control over, leaving me with nothing tangible to show. I decided to take that leap of faith and explore business opportunities.

I spent my corporate years serving my clients primarily in the military defense and healthcare industry, from an electronic technician to a sales executive for the world's largest privately held medical manufacturer and distributor. After 14 years in the medical field, I was spat out; I decided to start my own business, actually multiple business ventures, which led me to franchising, which I loved! After careful consideration and assessment, I began FranVisionary, which aims to empower executives considering business ownership to find a worthwhile opportunity and start their entrepreneurship journey toward personal freedom.

As a franchise consultant, I work closely with veterans and business executives looking to escape the corporate world or existing multi-business owners looking to add to their business portfolios. I focus on helping my clients uncover their WHY in life—their purpose, their next BIG THING—and if that happens to be business ownership, I help identify them with a suitable franchise business through a strategic and systematic process that best suits their financial state, passion, aspirations, and skill set.

My goal is to bring franchise knowledge and business expertise to help my clients find the right opportunity and create a better tomorrow for themselves and the people around them while being educated on all the processes.

With over 800,000 franchisees and nearly 5,000 brands to explore, I can help you navigate this vast landscape and narrow your options down based on the various factors that affect your final decision, including your investment budget, franchising models (absentee, semi-absentee, owner/operator), securing funding, and more, at no cost to
you and no B.S.!

Get In Touch

Rich Blanton
Tennessee

Partner With a Franchising Expert

My extensive background has allowed me to enter the franchising space with a unique perspective and effective approach. Over the years, I’ve had the privilege of working with amazing individuals with the entrepreneurial spirit and drive to reach great milestones in business. They partner with me because I focus on finding them a suitable brand to invest in, where they can maximize the established framework to generate growth. I’m committed to propelling you toward your business goals. Let’s connect and turn you into a successful franchise owner!

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Financing Solutions Make Franchise Ownership a Reality

Finances shouldn't stand in the way of your goals to become your own boss. You can find a plan that fits your budget and needs with the range of flexible financing solutions available. If you’re shopping around for a franchise brand to invest in, a simple and transparent financing resource can make it easier to get started. See your options and take the next step toward franchise ownership with confidence.

Plan Your Budget with Easy-to-Use Affordability Calculators

An affordability calculator helps provide a clearer picture of your financial standing, available capital, and investment capacity. This can help you choose a franchise business with manageable costs according to an evaluation of your assets and liabilities. If you meet the minimum net worth requirements, you may qualify for the terms of a franchise agreement. Try one out today and determine if you’re ready for franchise ownership!

Finding the right business is all about compatibility and leveraging your skills. A business that is right for one person is not necessarily a good fit for you. Take this assessment to discover your business builder profile.

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The process for working with a Franchise Consultant

01

Schedule Initial Consultation

02

Explore Opportunities

03

Connect with Brands

04

Secure Your Franchise

Starting your journey as a franchisee can feel overwhelming, but fear not! Here's a step-by-step guide to get you started on the right foot:

1️⃣ Research, Research, Research: Dive deep into the world of franchising and understand the industry, different opportunities, and potential risks.

2️⃣ Define Your Goals: Identify your personal and financial objectives. What do you want to achieve through franchising? Short-term and long-term.

3️⃣ Seek Expert Advice: Connect with me, a certified franchise consultant who can guide you through the process, answer your questions, and provide invaluable insights.

4️⃣ Evaluate Franchise Opportunities: Assess various franchising options based on your goals, investment capabilities, and personal interests.

5️⃣ Conduct Due Diligence: Thoroughly review the franchise disclosure document, speak with existing franchisees, and gather as much information as possible before making a decision.

Remember, each step is vital in finding the perfect franchising opportunity.

Explore Profitable Franchise Options

Franchise Broker FAQs

Choosing the right franchise is a big decision, and working with a franchise broker can make all the difference. If you’re interested in becoming a franchise owner, you likely have questions about how the process works and what to expect. Below, we’ve answered some of the most common questions to help you understand how we can assist you in finding the perfect franchise opportunity.

Ongoing fees and royalties are a crucial part of the financial commitment when owning a franchise. Below are The total initial investment required for a franchise can vary widely depending on the type of franchise and its specific requirements. Generally, the initial investment for a single-unit franchise typically ranges from $100,000 to $300,000. This amount includes various costs such as the franchise fee, equipment, inventory, and other setup expenses.

Below are some common components of the initial investment:

Franchise Fee: Typically ranges from $35,000 to $50,000 but can
be higher for well-known brands.
Setup Costs: These can include lease payments, construction or
renovation costs, equipment purchases, and signage installation
Legal Fees: Engaging a franchise lawyer to review the Franchise
Disclosure Document (FDD) and other legal aspects.
Working Capital: Sufficient funds to cover day-to-day operational
expenses such as payroll, inventory, and marketing.

It's important to review the FDD of the specific franchise you're interested in, as it provides detailed information on the investment costs. Additionally, don't hesitate to ask the franchisor any questions you might have about the financial commitments involved. I will guide you through this process.

Ongoing fees and royalties are a crucial part of the financial commitment when owning a franchise. Below are the main types of ongoing fees you can expect:

Royalties: These are typically a percentage of your monthly
gross sales and range from 4% to 12%, with 6% being the typical
average. For example, if your monthly sales are $50,000 and the
royalty fee is 6%, you would pay $3,000 in royalties.
Marketing Fees: Also known as advertising fees, these are usually
a smaller percentage of your monthly revenue, often around 2%.
These fees contribute to the franchisor's national or regional
marketing efforts.
Technology Fees: Some franchises charge ongoing fees for
technology support and software updates. These can be fixed
monthly amount or a percentage of sales.
Renewal Fees: When your franchise agreement term (generally a
ten-year term) ends, there may be a renewal fee to continue
operating under the franchise brand, or you can sell your business.
Other Fees: Depending on the franchise, there might be additional
fees for training, support, or other services provided by the
franchisor.

It's important to carefully review the Franchise Disclosure Document (FDD) for the specific franchise you're interested in, as it will detail all the ongoing fees and royalties.

Knowing the average time it takes for other franchisees to become profitable helps in planning and setting realistic expectations.

The time it takes to break even and start making a profit in a franchise can vary widely depending on several factors, including the type of franchise, location, initial investment, and market conditions. However, here are some general insights:

Breaking Even: On average, it can take anywhere from 3 months to
2 years for a franchise to break even. This is the point where your
revenue covers your operating expenses.
Starting to Make a Profit: After breaking even, it might take an
an additional 6 months to a year to start making a profit. This
timeline can be influenced by factors such as the efficiency of your
operations, the strength of your marketing efforts, and the overall
demand for your products or services.

It's important to conduct thorough research and speak with current franchisees (franchise validation) to get a more accurate estimate for the specific franchise you're interested in. Each franchise system is unique, and understanding the financial dynamics can help you set realistic expectations.

Franchisors typically offer a range of support and training to help franchisees succeed. Here are some key areas where they provide assistance:

Initial Training: Franchisors usually offer comprehensive initial
training programs that cover all aspects of running the business,
including operations, marketing, and customer service.
Ongoing Support: Continuous support is provided to help
franchisees navigate challenges and stay updated with the latest
business practices. This can include regular training sessions,
webinars, and access to a support team.
Marketing Assistance: Franchisors often handle national marketing
campaigns and provide franchisees with marketing materials and
strategies tailored to their local markets.
Operational Guidance: Franchisees receive detailed operations
manuals and guidelines to ensure consistency and efficiency
across all locations.
Financial Support: Some franchisors assist with securing financing
or offer financial advice to help franchisees manage their business
effectively.
Technology and Systems: Franchisors may provide access to
proprietary software, point-of-sale systems, and other
technologies that streamline business operations.

This support structure helps franchisees maintain brand standards, improve their business performance, and foster strong relationships with the franchisor.