How was your franchise/opportunity originally conceived and started?
As a successful consulting business, we brainstormed ideas to reach more families as the college debt crisis continues to grow.
What was your original vision for College Assistance Plus?
Originally it was to help friends and family and the local community, we soon realized it was a national problem too.
What do you believe is the single most important factor when choosing a franchise?
At the end of the day, will you be doing something that makes you happy?
Why should someone choose your franchise over other similar franchises?
We have a ten year proven business model that focuses, unlike similar businesses, on the financial aspect of college, not just the prestige.
What makes your industry attractive?
There is an evergreen market of college students and at $1.2 Trillion, college debt is not going away any time soon.
What types of qualities do you look for in potential franchisees?
Ability to close sales
Inherent wish to help people
What do your franchise fees and royalties cover?
Franchise fees cover one week of training, startup marketing materials and customer service support after a client sale.
Why has your franchise model been successful?
We know exactly what it takes to be successful and train our franchisees to understand those methods.
Where do you see your franchise in 5 years and 10 years?
In 5 years, we will have 20+ franchised businesses. In 10 years, we will have at least one franchise in every state.
What is your favorite advice for new franchisees to help them succeed?
After training you will know more than your potential clients, don’t be afraid to share that with everyone you meet.
What would you tell potential franchisees that may be nervous about the financial burdens of starting a franchise?
It’s all about commitment to wanting to succeed and understanding the need to present seminars.
On average, how long does it take to start a new franchise from the franchisees point of view?
You can start the day after training (assuming all paperwork is completed) and the first sale should be in 4-6 weeks.