Press Release

The franchise consulting concept offers prospective business owners an affordable entry to a high-demand market.

LAST UPDATED: March 2023

FRANCHISE WEBSITE: https://frannet.com/become-a-consultant/ 

NUMBER OF LOCATIONS: 75

REPORTED COST TO GET IN: $23,754–$42,754

REPORTED ROI (Item 19): Not disclosed

FranNet, the franchise consulting concept, is at the center of many prospective franchisees’ focus. For those looking to become a consultant, FranNet provides an opportunity to enter the business with the support of an expert team. Once they are established, FranNet consultants open themselves up to do business with over 250 franchisor partners and a sea of prospective franchisees seeking support in their franchise selection process. 

How Many FranNet Locations Are There?

There are currently 75 FranNet consultants in the network. Last year, the franchisor worked with 40 new franchise concepts, and it saw a 30% increase in leads. FranNet also introduced a new model that allows its consultants to work with clients across the U.S. and Canada rather than restricting them to a designated territory.

After a strong 2022 and a rise in “top of the funnel” activity, the concept is prepared for an even stronger 2023 as it expands both its own franchise system as well as that of other franchisors.

What Is the FranNet Business Model?

The FranNet business model hinges on the idea that franchisors are interested in connecting with qualified, ideologically aligned franchisees. And, oppositely, prospective franchisees are interested in identifying franchise opportunities that best fit their long-term goals, lifestyle needs and financial circumstances.

FranNet positions its consultants to provide no-cost guidance to prospective franchisees as they work to find their perfect franchise match. When the prospect makes a decision and the franchise agreement is executed, the FranNet consultant is paid a broker fee by the franchisor.

The free-to-the-prospect model is a key trait that makes this concept strong. Rather than focusing directly on bringing in revenue, FranNet consultants direct their energy toward making an optimal match. This, in turn, provides a great experience for the prospect and franchisor alike, building a strong reputation that will organically draw in additional business in the future.

How Much Can FranNet Franchise Owners Make?

FranNet does not publish financial representations, but Glassdoor has multiple FranNet salary submissions listed.

• Relationship Manager: $138,597
• Director: $267,223
• Franchise Business Consultant: $147,508

How Much Does It Cost To Open a FranNet?

The total estimated cost to open a FranNet consulting business is $23,754–$42,754.

What Is the Franchise Fee for FranNet?

Entrepreneur reports an initial franchise fee of $5,000–$10,000.

Who Is the Leadership of FranNet?

• Jania Bailey—Chief Executive Officer
• Karen Cady—CFE | Vice President of Operations
• Mark Bates—Special Advisor to the CEO
• Janee Williams—Controller
• Jack Armstrong—Chairman
• Blair Nicol—Vice Chairman 
• Will Fraker—Vice President of Marketing

What Helpful Articles Can I Read To Learn More?

• Start a FranNet Franchise in 2023
• FranNet, LLC | International Franchise Association
• How a FranNet Consultant Helped This Millennial Buyer Achieve His Entrepreneurial Dream
• Why Franchise Buyers Should Use a FranNet Consultant

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