Vetted Biz is the premier online platform for qualified existing business and franchise listings. Our platform brings transparency to all sides by providing current industry data, detailed business information, and lead generation support to franchisors and business brokers in connecting them with qualified leads.
To enter into contact with most business listings, you must be a Vetted Member. Click here to learn more about our plans & pricing.
Some points Vetted Biz recommends candidates to consider when evaluating a specific franchise include:
When you are interested in buying a franchise, you are presented by the franchisor with a legal document, the The Franchise Disclosure Document (“FDD”) is a legal document that the franchisor presents to prospective franchisees in the franchise pre-sale process. Every U.S. franchise must register their Franchise Disclosure Document in order to sell the franchise opportunity. It is a very extensive document that discloses…, that details your rights and obligations as a franchisee. When you become a franchisee, you obtain the right to operate your business under the franchise’s name and you are also required to pay the initial fee and Fees paid by a franchisee to their franchisor in order to operate a franchise location. They are usually on a weekly or monthly basis. More.
Regarding obligations, the amount and details of rules differ depending on the type of business. If your franchise sells goods or food, you may have to use specific ingredients and products that will be provided by the franchisor. If, instead, your business is service-oriented, you will likely have to follow your franchisor’s manuals and procedures. Any item or service must be previously authorized by the franchisor if not yet specified in the franchise agreement.
If you are passionate about owning your own business, have a strong worth ethic, commitment, motivation to succeed and can follow a proven system then you are the right candidate for franchising.
While some franchisors offer assistance with financing, others do not. You should also consider alternative modes of financing however such as SBA loans, friends and family loans as well as external.
You can find more information on SBA loans here.
Although there is no guarantee from the franchisor’s end, you may be able to have a better idea of the franchise’s earning and/or revenues on Item 19 of their Franchise Disclosure Document. Also, it is essential to speak to as many franchisees as you can.
You can find more information on franchise profits here.
We have the most up to date listing of franchises currently seeking franchisees in the U.S.
We do not charge you for the listing and it can help with brand exposure.
The franchise listings are solely based on information provided by the item 19 and supplemented by our analyst findings. We strive to maintain uniform listings and allow comparison across franchises without the marketing fluff.
If information in any of the profiles is not accurate or you have a more current FDD, please email us at support @vettedbiz.com.
We do not receive any payment from franchisors for listings. We do not offer franchisor sponsorships.
Franchisors may become Vetted Members for access to more metrics/ comparables. See more information here: https://www.vettedbiz.com/pricing/