In this article, we will dive into the seven most important points to consider when choosing a franchise in order to obtain the E-2 visa to live in the United States. From setting goals to evaluating the company culture, every essential aspect will bring you closer to your goal of operating your own business in the country.

7 key points to invest in a franchise

Living in the United States: The Goal

The first step is to define your goals. In addition to living in the United States, what is the purpose of acquiring this franchise? It is essential to consider both short-term and long-term goals. Do you plan to sell the business in a few years or expand it by opening more units? There are no right or wrong answers, but it’s critical to be clear about your aspirations.

Capital and financing: How much do you need and how to obtain it?

Access to capital and financing is crucial. While there are possibilities for foreigners, the requirements can be rigorous. For example, in the United States, it is required to have a business operating, file tax returns , and own paid property. For U.S. citizens, the process is typically more accessible, with typical investment amounts between $40,000 and $60,000.

Industry affinity: Are you passionate about the business?

Although it is not essential that you are passionate about the franchise sector, it is important to feel an affinity with the activity you will carry out. For example, while the kitchen remodeling business may not be your passion, if you enjoy marketing or team management, you might find your place.

Franchise Agreement Review: What Does the Contract Say?

The franchise agreement is a vital document that details the franchisee’s business model and obligations. It consists of 23 articles that range from operations to territory and demand clauses.

Desired lifestyle: Does it meet your expectations?

Consider the lifestyle you want to lead with your business. If you’re not satisfied with the work dynamic, you’ll likely find it difficult to maintain long-term commitment. It is essential to assess the level of involvement required, especially during the first years of operation.

Experience and skills: What do you bring to the business?

Previous experience can influence your success as a franchisee, although it doesn’t necessarily have to be industry-specific. Sales, team management, or marketing skills can be equally valuable. Identify how your experience can complement the business you’re considering.

Culture and support: Does it match your values?

The culture and support offered by the franchise are key elements to evaluate. Some companies prioritize a collaborative and supportive environment, while others are more competitive. In addition, the level of support in areas such as marketing, operations, and training can vary significantly between franchises.

Choose the ideal franchise to live in the United States

By considering these seven fundamental points, you can make an informed decision when choosing the right franchise for you. Remember that every aspect, from your personal goals to your company culture, plays a crucial role in your success as a franchisee. If you have any additional questions or concerns, please do not hesitate to contact us. At Interlink FBC we are here to help you find the best option for you.

Franchising in the United States