Franchise Playmaker

Category: Consultant

Address: 408 Berkley Ave, Ann Arbor, MI 48103, USA

Phone: +17343694551

Opening hours

Sunday: Closed

Monday: 8:30AM–5:30PM

Tuesday: 8:30AM–5:30PM

Wednesday: 8:30AM–5:30PM

Thursday: 8:30AM–5:30PM

Friday: 8:30AM–5:30PM

Saturday: Closed

Reviews

Jeremy Morgante

May 19, 2022

Alex was excellent to work with. His knowledge of franchising, individualized assessment and network of franchise opportunities was a powerful combination that led us to our first franchise.

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Questions & Answers

Do I pay more for a franchise if I use you as a consultant?

MPry78 | Oct 16, 2020
Franchise Playmaker | Oct 16, 2020

No. Every new franchisee pays the same initial franchise fee to the franchisor regardless of how they are introduced to the company. There is never any cost to you to use my services and leverage my 18+ years of franchise experience. So why not use someone like me to help you sift through the 3000+ franchise opportunities available. It will save you a lot of time and money in the long run.

Can I open a franchise while I still have my job?

Reese Pratt | Oct 16, 2020
Franchise Playmaker | Oct 16, 2020

Absolutely. There are several franchise opportunities that are designed specifically for "semi-absentee" ownership involvement. This allows you to keep your job and hire a manager to run the day-to-day operations of your franchise. Many franchisees start out this way and eventually leave their job and focus on their franchise when the business is more mature and producing enough profit to replace the salary from their job. Not all franchises allow this - many require the owner to be involved full time. This is another reason to use my services as I can help you identify the franchise systems that fit your goals and needs.

Can you help me open a Chik-fil-a ?

JR Scassellati | Oct 16, 2020
Franchise Playmaker | Oct 16, 2020

No I can't... but there are many good reasons why. Chick-fil-A signs an operating agreement and the "franchisee" is obligated to operate the franchise but they do not own or receive any equity in their businesses. The company picks the restaurant's location, and then owns the restaurant. Franchisees cannot sell their locations or pass them on to the next generation. Nor can they open multiple locations, which can limit franchisees' potential profits. So, if you have the intention of buying a franchise you can later sell, Chick-fil-A isn't for you. Also, Chick-fil-A requires that the operator be free of any other active business ventures and operate the restaurant on a full-time, hands-on basis. So you cannot be involved in any other businesses. I believe there are much better franchise ownership options available where you have more control, and actually build an asset and can have an exit strategy that pays off.

How do I find the franchise that’s right for me?

Susan Darragh | Oct 16, 2020
Franchise Playmaker | Oct 16, 2020

I have a carefully constructed process that I take each candidate through to help them identify the key business characteristics that are ideal for them. I don't care what franchise you buy, I only care about connecting you with franchises that can help you achieve your goals and dreams and are a match for your skill set, budget, interests, etc... There are thousands of franchise opportunities in the marketplace. So you may be relieved to hear this: I'll do most of the homework for you! I work from a carefully prescreened inventory of franchise companies that meet strict standards and offer the best chance of success. I'll help you navigate this broad selection, from large, established companies to new and innovative concepts. You’ll choose from numerous industries, including fitness, food, beauty, retail, home-based, automotive, personal services, home services, education, business-to-business and more. You’re sure to find the right opportunity from this diverse portfolio.

Hi Alex, How do most people obtain their financing for a franchise business? What percentage of the cost would a person need to have in order to get a loan? Thank you.

Jackie Robin | Oct 16, 2020
Franchise Playmaker | Oct 16, 2020

A variety of sources can be tapped for franchise financing. Your options may include: Cash, Home equity line of credit, Bank loan, Small Business Administration (SBA) loan, Retirement accounts ("Rollover as Business Startups" or ROBS), Loans from partners/friends/family. Keep in mind that most business loans will require you to come up with 20-30% of the total investment in cash. For example, when purchasing a light retail franchise with an all-in investment of $250,000, you might bring $50,000-$75,000 in cash to the table, and finance the balance of $150,000-$175,000. Funding is one of the most important considerations when buying a franchise. I work with trusted third-party funding partners that offer a comprehensive suite of options for you to consider. These companies help entrepreneurs launch their dreams, using proven and innovative strategies to maximize opportunity while minimizing risk.

How much does a franchise cost?

Rachel Hart Klayman | Oct 16, 2020
Franchise Playmaker | Oct 16, 2020

It varies depending on the model - many home based franchises can be started for $75K-$100K - while most service-based franchises cost $100K - $150K to get started. The most expensive franchises usually require a brick and mortar retail location and can cost between $250K-$600K. Of course there are more expensive ones out there as well but this covers the majority of them. Keep in mind that most people finance business start-up costs just like they do when buying a home. So the cash injection for a $400,000 franchise might only be $80K-$120K as 20-30% down payment if what most banks look for.

How much do your services cost?

Julie Roberts | Oct 17, 2019
Franchise Playmaker | Oct 17, 2019

My services are always 100% free to my clients. The only thing you invest with me is your time to leverage my 15+ years of franchise experience to help you find your perfect match in franchising.

What is the best franchise to buy right now?

Todd Ciesielski | Oct 16, 2021
Franchise Playmaker | Oct 16, 2021

The “best” franchise is the one that’s right for you. Franchise opportunities are not “one size fits all.” It's just like asking someone - "What's the best restaurant in town"? I might recommend a steakhouse and the person may be a vegetarian. You really need to ask many questions first to determine which restaurant to recommend. For example - what kind of food so you like? What's your budget? Are you looking for fancy, casual or take-out, etc... I take a very similar approach when it comes to franchises. Make sure you take the time to do a thorough investigation, beginning with a self-assessment that defines exactly what your goals are and what you’re looking for in a business. This assessment will help determine which franchise concepts are a good fit for you. A qualified franchise consultant will help you make the best use of your time and guide you through what can be an overwhelming field of business opportunities. Helping you find your perfect fit is what I do best.

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