How to Use a Franchise Directory to Find the Right Business
Using a franchise directory can be a great way to discover many different kinds of businesses, especially if you’re a new entrepreneur and you’re not sure where to begin.
By using a directory, you can get a high-level view of many franchises in a short amount of time. This allows you to quickly narrow your options and determine which opportunities you want to pursue further.
Keep in mind, a franchise directory is just a starting point. A quick business listing does not provide nearly enough information to make an investment decision. Instead, you should use these listings as a guide to finding businesses that meet your desired criteria and that you’ll like to contact for additional details.
Let’s look at some of the criteria you’ll want to use when searching through a directory.
Franchise Directory Search Tips
There are literally thousands of franchises up for grabs these days. But chances are that only a few of them will be a “perfect fit” for your needs and goals. Here’s how to make your search faster and easier.
> Consider the industry you want to be in.
You can quickly weed out thousands of franchise opportunities by narrowing your business to a single industry. For example: food, health & fitness, etc.
If you’re not sure which industry is right for you, think about the skills and experience you already have. Do you have any existing expertise that you can leverage to make your franchise successful? For example, if you worked 10 years in an auto repair shop, then perhaps try narrowing your search to “automotive” franchises.
If you don’t have any specific industry experience, or you want to try something new, don’t worry. Try thinking about hobbies or activities that you like to do: i.e. helping others, gardening, etc. This will help you narrow your options to businesses that you will truly enjoy owning and operating.
> Narrow your budget.
Even if you’re not sold on a particular industry yet, another way to narrow the options in a franchise directory is to consider your investment limit.
Knowing your budget, whether it’s $100,000, $1 million, or somewhere in between, will help you find businesses that fit your individual financial plans. Just remember to use these amounts somewhat loosely. Initial investments are typically only one aspect of the overall costs of running a business.
> Determine your desired location.
Keep in mind that some franchises are limited to certain areas. This is why it’s important to enter your state into the search criteria, especially if you don’t plan to open a business outside of your own geographic region.
Want more options? Consider operating your business in bordering states, if feasible. This may give you a greater range of opportunities to choose from.
Look up HUMAN Healthy Vending in your franchise directory
Looking for a fun, rewarding business with tons of potential? Take a look at HUMAN Healthy Vending in the franchise directory at FranchiseGator.com.
Founded in 2008, HUMAN Healthy Vending has been named by Forbes as one of “American’s Most Promising Companies” because of our innovative, healthy vending machines, our unique business model, and our tremendous growth.
We are revolutionizing our industry by offering nutritious foods and drinks inside state-of-the-art vending machines like you’ve never seen before.
Want to learn more? Contact us today and see why entrepreneurs like yourself are partnering with HUMAN Healthy Vending all over North America.