3 Franchise Specialist Business Success Stories [2024]
Navigating the complex world of franchising? A franchise specialist business offers a clear path. At its core, this business involves guiding potential franchisees through the intricate process of purchasing and managing a franchise.
Acting as a bridge between franchisors and franchisees, you’ll help clients assess opportunities, understand contract nuances, and develop strategies to ensure successful operations. Your role will require a deep understanding of franchising laws, market research skills, and strong advisory capabilities.
Starting this venture harnesses your expertise, enabling you to assist aspiring business owners while driving your professional growth. This field is ideal for individuals with a knack for business analysis and a passion for facilitating entrepreneurial success. If you've ever wanted to empower others on their business journey, a franchise specialist business can be a rewarding path.
In this list, you'll find real-world franchise specialist business success stories and very profitable examples of starting a franchise specialist business that makes money.
1. FranchiseFilming ($1.2M/year)
Trevor Rappleye started his video production company, Franchise Filming, after attending the International Franchise Association's Annual Convention and noticing the lack of quality video content in the franchising industry. He created a VIP Subscription Service that offers franchisors a hassle-free way of getting professional videos, resulting in a remarkable 3,200% growth rate for his business.
How much money it makes: $1.2M/year
How much did it cost to start: $300
How many people on the team: 5
Franchise Filming founder, Trevor Rappleye, shares how he scaled his full-service video production company to 3,200% growth in the franchising industry by offering a VIP Subscription Service with no travel fees, no scripts, and videos edited and delivered in 10 days or less without hidden costs.
2. Angela Cote Inc ($1.2M/year)
Angela Coté came up with the idea for her business, AC Inc., after spending over 25 years in the franchise industry and realizing there was a need for a fresh and progressive approach to coaching franchisors. She used her expertise and empathy from being on different sides of the franchise relationship to provide actionable advice, and through networking and offering valuable services like the AC Roundtables during the COVID-19 pandemic, she attracted and retained loyal clients.
How much money it makes: $1.2M/year
How much did it cost to start: $10K
How many people on the team: 5
Angela Coté Inc, a franchise advising and improvement company, shares their success story of using their signature method, The AC Method, which has already helped over 5500 franchisors in just 3 years, through refining their offerings, building trust with their clients, and taking imperfect action.
3. Franchise Direct ($1.2M/year)
Ben Wrafter, the CEO of Franchise Direct, came up with the idea for the business after working as a consultant for the company from 2009 to 2018. Recognizing the company's potential and the value he could bring, he eventually took on the role of CEO. With over 20 years of online marketing experience and a focus on constantly upgrading and testing, Franchise Direct has become the world's leading portal for franchise and business opportunities, attracting clients through methods such as email marketing and social media. Despite the challenges of the Covid-19 pandemic, the company has remained strong and continues to adapt to the changing needs of the franchise industry.
How much money it makes: $1.2M/year
How much did it cost to start: $25K
How many people on the team: 40
Franchise Direct, a leading global franchise portal with 15 multilingual sites, boasts 1,000 clients, 675k monthly visitors, and nearly 2M page views per month, all achieved despite Covid-19.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.