Lean Franchises: The Best Way To Buy A Franchise
Lean Franchises provides free tools and resources to assist you in making a more intelligent franchise purchase.
https://www.leanfranchises.com
WHAT YOU GET:
There are over 3,000 franchise brands out there and one of them is the perfect match for the skillset that you have a knack for.
That’s where we come in.
We work with hundreds of franchise brands at a time to understand the characteristics of their most successful franchise owners and we match your skillsets and characteristics with the brand that has the highest probability of success for you.
Our team is experienced and are your free advisors:
YOUR TEAM:
Franchise Consultant: your consultant is a multi unit franchise owner themselves.
Franchise Attorny: your franchise attorney has represented one of the largest brands in the industry with over 1300 locations
Franchise Accountant - your franchise accountant has 30 years of experience specifically in franchise purchase agreements.
Franchise Financing - Your franchise financing professional worked for the largest franchise financing companies in the country and will advise you on your options.
Let our team show you which brands are out performing other brands...
who has lower upfront fees...
lower ongoing fees...
and bring negotiation leverage to the table for you.
And just like a realtors fees are free to home buyers...
our fees are free to franchise buyers and paid by the franchisors.
We help anyone from singe unit buyers who have no idea what’s out there and guide them with simple side by side comparisons for the best return on investment.
To multi unit owners looking to scale...
and private equity groups looking to add to their portfolios.
We look at the franchise markets like the stock market and aggregate data then compare the important factors like P&L’s of actual franchise locations in our database and offer side by side comparisons of up front fees, ongoing fees and all-in costs to get up and running for your initial operating period from payroll and retail location selection lease negotiation and get:
WHAT YOU GET:
competitive analysis - side by side comparitive analysis - location analysis - demographics of your local area and what would perform best for you.
Some highlights examples:
Recession resistance
Absentee ownership
Semi absentee manage the manager
Owner operator
Resales
Cannabis franchise
Real estate development projects - urban country club - coworking space - salon suites to
Service franchises like plumbing, electrician, emergency repair, flooring, hvac repair...and more.
Franchising helps people get into an industry that they otherwise couldn't get into.
We developed a method that we call "The Lean Franchising Method".
It's a method of tracking franchises the way you might track the stock market systematically
We wrote the Lean franchising method as a 3-part series on Forbes.com
4 steps
1. Write business plan on yourself - what are you good at what are your income goals what things are needed in your area - your personal business plan not on a business
2. Plan take a look at franchises out there thousand of them from elder care to food automotive and check to make sure those individual franchisees are achieving the outcomes that you set in the first step Investigate: due diligence. Mystery shop the competition. Find out if there is a real need for this business in your market and go meet the CEO’s owners of these companies face to face learn who they are what their skillset is what they’re all about - eventually you’ll get it down to one or two ideas that are a good fit
3. Go work in one of them. Follow an owner for one or two days. See what it’s really like to do whatever it is you’re going to do if you own that business and be honest with yourself can you do it do you enjoy it. Not can you make a lot of money but can you do it and add value to the community
4. Legal and financial step: have attorney review all of your documents before you sign anything with a franchise company - investigate financing options talk to multiple banks do a cost of capital analysis
Another avenue is the franchise your small business to scale it. Compare this to McDonalds.
Ray crock did not have the McDonalds secret sauce but he partnered with them and they did not have the expertise to expand their business that day did so partnering brought the best of both worlds and allowed small business to become big business by cresting turnkey systems and processes so that anyone can follow the system for success.