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FAQ

Your Own Deal is a free no obligation source for conducting franchise research and matching to find the right business for you. YOD Advisors are available to assist you One-on-One as needed.

Your Own Deal provides a one of a kind service that matches candidates with qualified and pre-screened franchise companies and we don’t stop there. We also provide education and support to help candidates investigate and make an informed decision about business ownership.

A YOD Advisor is a franchise expert who is available for guidance, insight and feedback. Your advisor is an advocate for you – making sure your questions are answered promptly and helping you understand the right questions to ask at the appropriate time.

YOD is a free no obligation service to you, the candidate. The pre-screened franchises we represent pay us when we find qualified candidates who match their requirements. We work on the behalf of candidates like you much like a real estate agent or an executive recruiter.

There are many ways to finance a new franchise and an entrepeneur should be prepared to do some thorough research on the subject to make sure they find the options which will work best for them. With our free consultation, one of our YOD advisors will be able to help answer more specific questions regarding your financing options.

Some possibilities for financing a franchise include:

Small Business Financing Options

  • Cash
  • Home Equity Line of Credit
  • Bank Loan
  • SBA Loan
  • Equity Financing
  • Retirement Accounts
  • Franchisor Financing
  • Partners/Friends/Family
  • Credit Cards

Time is money. Researching and finding the right franchise for you can take a lot of time. Your Own Deal cuts that time in half by helping you quickly identify franchise opportunities that are right for you. Our DealFinder can save you hours of research time.

DealFinder is a matching system specifically designed to help you narrow down your options based on the critical criteria of owning a franchise. Finding the right match is the first step to becoming a successful franchisee.

We help you discover options and find the best matches as you investigate the franchise process. Ultimately the decision is yours, but we help you with the tools you need to make an informed decision based on facts and not assumptions. We even help you understand the financing options available to you as you purchase a franchise.

Of course you can! In the end the choice will always be yours. YOD is simply the best way to maximize your options and compare different opportunities so you can make informed decisions. In fact, this process may even help you decide that business ownership is NOT for you.

Only after you have requested and approved submission.

Absolutely not! The information you provide to Your Own Deal is confidential and will only be seen by our advisors and the select franchisors that you have an interest.

Franchising is a type of business model where a Franchisee pays royalties and often an initial fee for the right to do business under a Franchisor’s name and system. The Franchisor lends his trademark or trade and business system to the Franchisor and exercises control over the operation of the Franchisee’s business.

According to the International Franchise Association, franchising is “A continuing relationship in which the franchisor provides a licensed privilege to do business, plus assistance in organizing, training, merchandising, and management in return for a consideration from the franchise”

FRANCHISOR: Owns Trademark or trade name, provides support such as financing, advertising, marketing, and/or training, and in return receives a fee.

FRANCHISEE: Uses trademark or trade name, expands business with franchisor support and pays a fee.

  • Allows you to go into business for yourself without being by yourself
  • Provides a proven and successful business model with established brand recognition
  • Your business has an assurance of a certain level of quality and consistency
  • You may receive valuable start-up support such as:
    • Site selection
    • Construction and design
    • Owner and staff training
    • Logo and marketing materials
    • Proven “Grand Opening” program
  • You may receive ongoing support including:
    • General business mentoring
    • National and regional advertising,
    • Bulk buying power
    • Market research and development
    • Technology advancements
  • You are not completely independent and you must follow the franchisor’s guidelines when operating your business
  • You must pay an upfront franchise fee and ongoing royalties and advertising fees
  • You are required to use specific vendors
  • Your franchise system or brand can be damaged by the actions of other franchisees or a problem at the franchisor level
  • Your franchise agreement is usually limited, and you may have little or no say about the terms of termination

If you like following a system and a proven business model, then franchising may be the right choice for you. If you like forging your path and making all the big decisions alone, then you should consider starting your own business from the ground up.

The most important step in evaluating a franchise opportunity is examining your own skills, abilities, and experience. An ideal franchisee is a creative, outgoing person who is eager to succeed, but not so independent that he or she resents other people’s advice. The fundamental key is to be able to balance your entrepreneurial initiative with the willingness to comply with the business formulas used by the franchisor. Purchasing a franchise is a successful partnership between franchisee and franchisor. This involves mutual understanding of each other’s values and achievements.

We’ll help you. We promise to find a franchise opportunity that will meet the specific needs of each individual we work with.

We will guide you through the questions you need to ask yourself and help you determine the answers that are right for you. For example:

  • Why do you want to own your own business?
  • What hours do you like to work?
  • How do you feel about managing people?
  • How much capital do you have to start a business with?
  • Do you want to own multiple units?
  • Will you be involved on a full-time or part-time basis?
  • This is just the tip of the iceberg…

The investment level varies depending on the franchise opportunity. Rather than asking how much you need, ask yourself this: If I found the perfect opportunity how much would I be willing to invest?

Not necessarily. Most franchisors prefer you don’t have direct experience in a specific industry. They are the experts and they simply need your business skills.

The criteria changes with every opportunity but most importantly they are looking for a mutual fit. Generally they are looking for someone who is passionate about growing and operating a business.

This is also a great way for you to transition to a new industry.

The Purpose of the FDD is to provide prospective franchisee with detailed info about the franchise. The Federal Trade Commission Rule requires franchisors provide the FDD to the prospective franchisee at least 14 days before the franchisee signs an agreement or pays any money. It also provides that the franchise agreement must be given to the prospective franchisee at least seven days before the franchisee signs any agreement or pays any money. A franchisor’s FDD must be updated on an annual basis, or sooner if material changes occur in the information disclosed.

The FDD contains information a franchisor is required by law to provide to prospective franchisees. It is not registered with the Federal Trade Commission, but certain states may require the document by filed and reviewed by a state regulator. However, no state or federal official reviews the accuracy of the information contained in the FDD.