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Our Process: |
Contact Us
Our services are provided at no cost to you! There is no harm in
learning about what opportunities are available to you. The
first step is to fill out an information form. Once that has
been submitted, one of our franchise consultants will contact
you to verify your information. During this initial conversation
with our Consultant, the Franchise Categories that interest you
the most will be discussed.
Consultation
During this stage, we gather the necessary information to
determine what your capabilities are and which business models
will be a good match for you. Our first objective is to
understand who you are (i.e. what are your past skills, what
type of lifestyle you desire, and your overall goals). The
ultimate goal of any reputable franchise business is not to
"sell" a franchise to just anyone willing and able to buy their
brand, but to "award" a franchise to candidates that are highly
qualified and will thrive in the operation of their business
model. Your success is their success!
Evaluation
We will introduce you to the respective Franchises. You will
gain valuable knowledge on each of these great business models.
Expect to hear about some exciting, name brand franchises, in
the categories you expressed interest in. Keep an open mind,
evaluate all the business models, compare and contrast them, and
be careful not to discount a business until you have all the
information. Often the first glance at a business does not paint
the whole picture. Learning the numbers and examining the
operation of a business is likely to reveal some impressive
potential that you may, at first, overlook.
Review of Franchise Documents (FDD)
Once you have received an FDD from a franchisor, you will need
to thoroughly examine the contents and seek answers to any
questions you may have. The franchisor will readily assist you
in finding the answers to any questions. The FDD will also
contain a list of franchisees and contact information. It is
highly recommended that you speak with the franchisees in order
to gain an understanding of what it’s like to operate a
franchise unit in their system.
Talk to Existing Franchise Owners
It is essential to ask the right questions of the existing and
past franchisees. We will supply you a list of question to
assist in this process. This is a great opportunity to learn
valuable information from those with the experience. This is
your opportunity to validate the franchise opportunity and get
an idea about the profitability of the franchises.
Consultation with Attorney and Accountant
We cannot overemphasize the necessity of consulting with a
competent attorney and/or accountant before purchasing any
business. It is very important that both professionals have a
background in franchising, to ensure that you are covered in
every way to benefit your position. If you don’t already have
these professionals in place, we can make recommendations.
Attend a Discovery Day
Most franchisors have a Discovery Day where they invite
prospective franchise partners to visit a specific franchise
location and see how the franchise is run. You will not only get
crucial information to assist in making your decision, but will
get to meet the staff that will be supporting in the operation
of your franchise business.
Decision Time
Once you have gone through all the previous steps, it is time
for you to make a decision. Should you choose to own a
franchise, you can be confident that you have taken the
necessary steps towards controlling your own life, by owning
your own business!
The process listed above sounds easy, but keep in mind it can
take up to 30-45 days to complete just the research portion of
the process.
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