Frequently ask questions

1. How much do your services cost?

Absolutely nothing. As a Franchise coach, I’m a representative for well over 800 franchises, all of whom are actively seeking high-quality franchisees. However, as these corporations are primarily focused on running their businesses, they don’t have the time to search for the ideal owners themselves. This is where I step in. My services are paid for by the franchises, who entrust me with the task of finding them the best candidates. My success is directly tied to yours, as I only get paid when you thrive. That’s why I put in extensive effort on behalf of my clients and am able to do so at no additional cost to you.

2. What kind of prior experience do I need?

You do not need any prior experience. Franchise companies are committed to ensuring the success of their owners, and to that end, they offer training programs designed to provide them with the tools and knowledge needed to thrive. It’s not uncommon for many of my candidates to express surprise at their own transformation and super success.

Through my expert coaching, you will make the necessary shift in mindset to start thinking like a successful owner, and we’ll work together to find the ideal fit that you’ll truly love.

3. Why should I work with a franchise coach?

Because you do not want to make the mistakes that franchise owners without guidance can make. The common mistakes include basing decisions on inaccurate or incomplete information, adopting a customer mindset rather than an owner’s perspective, and being blindsided by unexpected expenses.
Drawing upon my four decades of experience in franchise ownership and coaching, I am well-equipped to help you avoid these missteps and make a smooth transition into ownership. Having personally navigated this process several times over, having guided countless others through it, I am deeply passionate about identifying and addressing potential pitfalls, so that you can confidently and successfully own the business of your dreams while enjoying peace of mind throughout the journey.

4. Should I be fully committed to buying a franchise before I approach you?

Of course not. Whether our consultation and coaching process takes a month or a year, it doesn’t impact my dedication to serving you and your best interests. My ultimate objective is to ensure that we arrive at a decision that total clarity of mind, a clear decisiveness and keeps you positively charged for years to come, as it enables you to enjoy the lifestyle you deserve and make progress toward achieving your long-term goals.

5. How much money do I need to invest to own a franchise?

The amount of money required to invest in a franchise varies widely and depends on a variety of factors, such as the type of franchise, the industry, and the location. Home based franchises may require a relatively low initial investment of a few thousand dollars, while brick and mortar based franchises like retail, fast food and restaurants may require a substantial investment of $50K into the millions.

It’s important to note that the initial investment is just one of many financial considerations to keep in mind when evaluating franchise opportunities, as ongoing expenses and operational costs can also impact the overall financial requirements.

6. How long will it take to open my business?

Brick-and-mortar retail franchises usually require 6-12 months to launch, primarily due to the necessary steps involved in setting up a physical location. Tasks like identifying suitable real estate, carrying out construction work, stocking inventory, and planning grand opening events require significant planning and implementation time.

On the other hand, home-based franchises can be up and running in as little as 30 days post-training with the franchise company. Typically, however, it takes about 1-3 months on average for home-based franchises to launch following the signing of the franchise agreement.

7. Why can’t I just pick a franchise and roll with it?

You can, but you are missing the point. Simply relying on a process that only focuses on defining your vision for the future and matching you with franchise business models may not be the most effective or efficient way to find the ideal franchise for you.

This approach may overlook crucial factors such as your eligibility for a particular concept, availability of the franchise in your desired market area, alignment with your personal, financial, and professional goals, and other important considerations that could further complicate your franchise selection process.

8. While I’m consulting with you, am I allowed to get advise from other professionals?

Of course! Purchasing a franchise is a significant investment for many individuals, and a wrong decision can have long-lasting consequences. It is therefore crucial to seek professional guidance before making a final decision. It is advisable to consult with a franchise attorney who is well-versed in the intricacies of the franchise industry, as well as a CPA or financial advisor.

9. OK, I’m ready to commit. How do I get started?

To get started, simply fill out a form here, and a member of our team will reach out to you shortly. We can’t wait to learn more about you!

PS: Ethan, I might have 2-3 questions to add in the next couple of days. Once I have a form ready, I’ll send it over to you so that you can generate/embed in a webpage and link it to answer 9.

Here’s what my clients are saying about me

Owning my own successful Tutor Doctor franchise has changed my life-and I love it. Yes, it’s a lot of work, but having the right franchise fit and serving my community in a necessary and meaningful way, is huge. I owe David the credit for connecting me with Tutor Doctor. I wasn’t looking to own a franchise, but after several meetings and following a very deliberate process we qualified potential franchise fits. David’s experience, knowledge, and pleasant demeanor made it easy to grow from a complete stranger to a trusted advocate. I can’t say enough about how supportive and helpful he was to me throughout the entire process-from beginning to end. I am more satisfied and comfortable in my career now, than I ever have been. In my business, matching the right tutor to the right student to meet their specific needs is huge. David did that for me, and he can do it for you!

Tutor Doctor

I enthusiastically recommend David Louy as a franchise consultant. With his extensive experience in the franchise industry, Mr. Louy guided our family on the purchase of our franchise which has been very successful. He provides comprehensive guidance and support to aspiring franchisees and franchisors alike. His personalized approach, attention to detail, and commitment to client success make Mr. Louy a trusted partner in navigating the complex world of franchising, ensuring that you are equipped with the knowledge and resources to make informed decisions and achieve your franchise goals.

Mr. Louy’s professionalism, expertise, and commitment to his clients’ success make him an exceptional choice for franchise consulting services.

John F.

It is my privilege to highly recommend David Louy as a business partner. I met David in 2020 and have had the pleasure to benefit from his services and knowledge as a business owner and franchise expert for my career transition. He has been instrumental as an advisor and mentor in my business selection process.

David is very friendly and enjoyable to collaborate with and has shared critical insight to help me make sound business decisions. In addition, he has provided me with invaluable business contacts through a large network.

It has been a pleasure working with David. If you have any questions, please do not hesitate to contact me.

Dinam T. Bigny
Founder, Wire Bunny Corp.

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