In The News

 

SALT LAKE CITY, UTAH – In the corporate world, employees are a business’s most valuable asset.  Companies go to great lengths to recruit top talent, hiring corporate recruiters, “headhunters,” to identify and screen the best candidates.

To franchise systems, franchise owners are the most valuable asset,  and companies are using FranNet of Utah to identify and recruit top-performing owners from the corporate world.

This matchmaking is revolutionizing the way franchise systems grow and is contributing greatly to job growth and the recovery of the economy.

“FranNet’s job is to match client and franchise opportunity according to the client’s skill set, passions and life goals,” said FranNet of Utah owner, Chad Wright. “We accomplish this through a carefully crafted evaluation process that assesses each client and ensures they look at the right franchises. Our services are free, and we’ve helped match thousands of clients with fulfilling careers in franchising.”

Franchise matchmakers are consultants who link clients seeking franchise opportunities with the right franchises. Often, clients are former corporate employees or executives who lost their jobs in downsizing; others are retirees who want a more dependable source of retirement income; still others are recent college graduates who are having trouble finding traditional work in the recession.

FranNet has helped connect professionals and franchises as diverse as Tom Kuthy, a former Frito-Lay executive in Colorado, and a web-based marketing franchise; and Oliver Howey, laid off from his job in employment assistance services in the Toronto area, and a home tutoring franchise.

“The diversity in franchising is the single biggest surprise to most of our clients,” Wright said. “The vast majority are expecting sandwich shops. But there are more than 3,000 franchises of all kinds, in the U.S. and Canada. Even if they know the number of opportunities, sorting through them can be overwhelming. That’s where we come in.”

Franchise matchmakers’ popularity continues to grow with the franchising industry. INC magazine listed FranNet as one of the fastest-growing companies and one of the top 10 franchise systems in the country for 2011, a year in which FranNet posted the largest revenue year in its 25-year history.

The franchise industry is booming. More than 19,000 new franchise locations will open this year, according to the International Franchise Association. Each new location creates an average of 10 new jobs,  according to FRANData, a franchise industry reporting firm.

“In this economy, franchise ownership is one of the safest and highest-yield financial choices a professional can make,” Wright said.  “Small business ownership allows people to build their careers and equity in something they own, and it’s our job as franchise matchmakers to make that happen.”

About FranNet - For nearly 25 years,  FranNet, based in Louisville, Ky., has been one of North America’s leaders in matching franchisees with franchise companies. FranNet consultants use a specific profiling and consultative process to determine a business model unique to each client’s goals, skill sets and interests, and have matched thousands of happy entrepreneurs to rewarding small business opportunities.