Frequently Asked Questions about buying a franchise

 1.    Why Should I Buy A Franchise ?

A Franchise System offers the systems, procedures, and ongoing support necessary to give you the best opportunity for success.

 2.   Why not just open my own independent business?

Approximately 75% of all new business start-ups fail annually, while over 90% of all franchises sold remain in business.

 3.   Why are Franchised businesses so successful?

For the most part franchisors put together easily replicated prototype of their business. With the guidance of the franchisor through start-up and ongoing support most problems that may occur are overcome or all together avoided.

  4.   What are the other advantages to buying a franchise?

• A strong franchised system will have great buying power for their products and services. These saving are often passed on to the franchisees.
• Finding an acceptable retail, office location or market is an area of expertise that most franchisors are quick to share with their franchisees.

 5.   What are the fees Franchisors may charge?

There are three fees usually associated with Franchising:

• Initial Franchise Fee: a one-time fee you are charged to become a franchisee.
• Royalty Fee: a  weekly continuing fee that may range from 5% to 10% of gross sales.
• Advertising Fee: a continuing fee charge by many franchisors that may range from 2% to 7%.

 6.   Do Franchisors help with Financing?

Most Franchise companies have the resources to help a qualified buyer procure a loan for the purchase of their business.

 7.   How many kinds of businesses are franchised?

There are over 80 industries that lend themselves to franchising.

 8.   How do I find the best Franchise for me?

Orion goes to great lengths to fit a prospective buyer to the Franchise for which they are most suited. The first step in this process is completing the Own Your Own Business information request form and submitting it to Orion.

 9.   What’s next after I submit the form?

Orion will review the form and contact you to set up a no obligation meeting for you to learn more about Orion’s services and Franchising in general.

 10.   What are Orion’s charges for this service?

There is no charge to our clients in the buying of a franchise. Orion is compensated by the Franchisor upon the completion of a sale.