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Guiding You On Your Franchising Journey
Our Story
At Best Selling Franchises, we are committed to empowering aspiring entrepreneurs by opening up new pathways to business ownership through franchising. Having experienced what it means to be your own boss, both personally and financially, we take on the responsibility of advising executives on such a life-changing decision. We aim to be your leading resource, transforming novices into successful franchise owners with our comprehensive insights and expert guidance.
“Best Selling Franchises is a community where every entrepreneur can find their
path to success in various industries.
Transparency
Clear and open
communication in all
transactions
Resilience
Overcoming challenges
through persistence and adaptability
Devotion
Dedicated to the success
of our clients with a
commitment to excellence
Integrity
Upholding honesty and
strong moral principles in
every action
Passion
Deep-rooted enthusiasm
for enhancing
the franchising experience
Sharon Johnson
President | Founder
Sharon Johnson, a seasoned entrepreneur with over two decades of experience in IT, marketing, and compliance at CVS, leveraged her corporate skills to transition into the franchising sector. Alongside her husband, Chris, Sharon embarked on a franchising journey with HomeVestors, underscoring franchise ownership’s financial and personal benefits. This experience propelled her into franchise consulting, where she now uses her background to provide tailored advice, helping others succeed in franchising. Sharon’s vision centers on empowering aspiring entrepreneurs with the tools and guidance necessary to navigate and excel in franchising.
Chris Johnson
Co-founder
Chris Johnson is a seasoned entrepreneur with a passion for multiple income streams and a diverse background spanning sales, finance, and real estate. With experience as a financial advisor and owning a mortgage brokerage, Chris’ entrepreneurial spirit led him to explore various business opportunities, including real estate. He found success in flipping houses and discovered the allure of franchising through HomeVestors.
Chris’ experience as a franchisee with HomeVestors opened his eyes to the world of franchising and the potential it holds for aspiring entrepreneurs. As he and Sharon delved deeper into franchising, they realized the value of sharing their knowledge and experiences with others. Their journey from franchisees to franchise consultants reflects their commitment to helping others navigate the world of franchising and achieve their entrepreneurial dreams.
Three Pillars of Franchise Success
Control Your Destiny
Be the Captain of Your Ship
Take the helm of your career with a franchise, where you’re in charge of your progress and achievements, creating a life path that aligns with your personal goals and visions.
Work-Life Balance
Flexibility Meets Success
Franchising provides the unique advantage of flexible scheduling, which harmonizes personal life and career ambitions, allowing franchisees to enjoy the fruits of their labor at work and home.
Community Engagement
Impact Your Local Community
Engaging with a franchise allows you to positively serve and impact your local community, bringing personal fulfillment beyond financial gains.
Navigating Your Franchise Path
A Comprehensive Guide
1. Vision and Goal Setting
Define Your Future
This initial step involves understanding your personal and professional aspirations. We help you clarify what you seek in a franchise opportunity, ensuring alignment with your long-term goals.
2. Industry & Opportunity Matching
Find Your Fit
Based on your interests and goals, we explore various industries and match you with potential franchise opportunities. This step ensures that the options presented align well with your personal preferences and market demands.
3. Franchise Selection
Choose Your Path
We present you with a curated list of franchising options tailored to your specifications. This allows you to compare different franchises within your chosen industry and select the one that best fits your vision.
4. Due Diligence
Investigate Before You Invest
Dive into the Franchise Disclosure Document (FDD) and other pertinent details of your chosen franchise. We assist you in understanding all aspects of the franchise, helping you make an informed decision.
5. Discovery Day
Meet and Greet Your Future
Attend a discovery day where you meet with franchisors and existing franchisees. This interaction provides deeper insight into the day-to-day operations and the company culture.
6. Franchise Acquisition
Seal the Deal
Finalize your franchise acquisition by signing the agreement and completing all legal formalities. We guide you through the entire legal process, ensuring a smooth transition to becoming a franchise owner.
Our Brand Partners
We work with 350+ Brands across 20+ Industries.
FranFund Funding Options
SBA Loans Preferred Lender status
The SBA loans program offered by Franfund is a cornerstone of support for entrepreneurs, aligning with the Small Business Administration (SBA) to facilitate a range of business loans. This program is designed to assist in start-ups, acquisitions, expansions, refinances, and working capital needs. A standout feature of this initiative is our lenders’ “Preferred Lender” status with the SBA. This prestigious designation enables them to expedite the loan process by making final credit decisions directly, bypassing the standard SBA approval procedure. This efficiency significantly speeds up the funding process, making it an attractive option for business owners seeking timely financial support.
Conventional Business Loans
Introducing “Conventional Business Growth Loans,” a tailored solution for business acquisitions, expansions, and upgrades. This initiative is ideal for strong borrowers with a history of business ownership, offering a significant advantage: no personal collateral requirement or government guarantee. These loans are designed to support your business’s growth trajectory while providing a more straightforward and accessible funding route. Franfund ensures that these conventional loans cater to entrepreneurs seeking robust financial solutions without the complexities of government-backed programs.
FranPlan® 401(k) Business Financing
Franfund’s “FranPlan® 401(k) Business Financing” offers a novel approach to business funding. This initiative allows entrepreneurs to leverage their existing retirement funds in a tax-deferred and penalty-free manner. It’s an innovative way to start your business debt-free, enhancing cash flow and eliminating the burden of loan repayments. Additionally, it can serve as a strategic equity injection for those considering business loans. Governed by the IRS and DOL, and legal since the ERISA Act of 1974, our FranPlan® program facilitates the Rollover for Business Startup (ROBS) strategy, enabling access to your tax-deferred savings for immediate investment in your business. This approach not only optimizes your financial assets but also aligns with Franfund’s commitment to compliant and strategic business funding solutions.
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Frequently Asked Questions
We understand that the franchising world can be complex. That’s why we’ve compiled a list of the most common questions we encounter.
What is the typical initial investment required to open a franchise?
The financial investment needed to start a franchise varies widely across different sectors. It includes initial fees, royalties, marketing costs, and other operational expenses. For industries requiring significant infrastructure, such as hospitality, the upfront investment can be substantial. However, service-oriented or home-based franchises often require less capital. We provide personalized assistance to align you with a franchise that suits your financial capacity and goals.
How many hours per week are required to operate a franchise effectively?
The time commitment to managing a franchise varies. Certain business models demand full-time involvement, while others can be handled on a part-time basis. Your involvement will depend on the franchise type and your operational strategy. We offer detailed guidance on balancing your personal and professional time effectively.
How do I choose the right franchise?
Choosing the right franchise involves understanding your own business preferences, financial capacity, and personal goals. We provide personalized guidance to help you analyze various industries and franchise models, ensuring you make an informed decision that maximizes your potential for success.
What support can I expect from the franchisor?
Franchisors provide extensive support, which includes training, ongoing education, marketing strategies, and the potential to aid in site selection and design. You will benefit from the franchisor’s brand recognition and established customer base, which are crucial for achieving operational consistency and efficiency. We ensure you understand and utilize all the resources provided by your franchisor.
Can you assist with financing the franchise through lender partners?
We help you navigate various financing options to support your franchise purchase. Our network includes lenders specializing in franchise financing, offering favorable terms that might not be available through conventional financial channels. We guide you through securing loans, including SBA and conventional loans, tailored to your financial needs.