How Franchise Brokers Can Grow (or Destroy) Your Nest Egg
Lisa Tubbs spent 20 years in the corporate world as a successful project manager, then finally succumbed to the itch to run her own business. She wanted to follow in the footsteps of her father, a commercial fisherman, and her grandfather, a plumber. So in 2016, she took a buyout at her job and then met with a career transition adviser to explore her options. His verdict was that she had an entrepreneurial spirit but maybe not the confidence to go it alone. Franchising was just the thing for her.
Related: 2017 Top Franchises from Entrepreneur's Franchise 500 List
Which franchise should she buy? Tubbs was eager to find the answer. She read up on the industry and visited the International Franchise Expo in New York City. But like many potential franchisees, she was overwhelmed by the sheer number of brands and their jargon-heavy pitches. So she asked her career adviser for help, and he told her to contact a franchise broker.
It was a decision that could have made her career -- or ruined it.
Franchise brokers are a relatively new entity in the world of franchising. They’re a form of middlemen: They help a potential franchisee
