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No, the franchise fee you pay to the franchisor remains the same whether you work with a broker or approach the franchisor directly.
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Working with a franchise broker offers several advantages:
Brokers assess your goals, financial situation, experience, and preferences. They then match you with franchises that align with your profile and have a track record of success.
Many franchise brokers have partnerships with financial institutions or can guide you to potential financing options suitable for franchising.
That's where a broker can be especially helpful! They can introduce you to various industries and concepts, helping you discover opportunities you might not have considered.
The timeline varies based on the individual's readiness, the franchisor's process, and the complexity of the deal. However, a broker can often expedite the process due to their industry knowledge and connections.
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