Step 1 - Contact Us
There is no time like the present to see what options you have. Your contact information is kept confidential and is reviewed by our staff to provide you the best opportunities for your particular needs.
Step 2 - First Appointment
One of our consultants will contact you to set up an appointment to discuss your goals in finding the right franchise for you. This will take about an hour and can be accomplished over the phone. Understanding your particular goals and needs will allow us to find the best opportunity for you. We will set a follow up appointment to present to you opportunities that bet fit your requirements.
Step 3 – Research
We take the information provided by you, research available franchises and match them with your stated goals and needs. There are over 2500 franchises and our goal is to identify the best 3-4 franchises that match your requirements.
Step 4 – Presentation
We present to you opportunities that we have identified in our research. After we identify opportunities of interest to you we will arrange an introduction directly to the representative of the franchise. This will require that you complete and submit a confidential questionnaire to be supplied to the Franchisor. The Franchisor wants to know that you are financially qualified to purchase their franchise, that your timeframe to buy is within reasonable limits, and that your partners or family are in agreement with your buying a business. This does not obligate you in any way. It simply shows the Franchisor that when you find the right opportunity that you are capable of buying it and being successful.
Second, this step will allow us to clarify your goals and needs identified in Step 2, sending us back through Steps 3 & 4. This may take place several times throughout the process.
It is important to remember that the Franchise Consultant is presenting to you opportunities, but you must make the decision that is best for you and your family. Therefore, refining the criteria for the best opportunity for you is an ongoing process.
Step 5 - Introduction to Franchisor
For each of the opportunities in which you have an interest, we will introduce you to the Franchisor. The Franchisor will send materials to help you become acquainted with their franchise. They will also send the Uniform Franchise Offering Circular (UFOC), which is a disclosure document for their franchise opportunity. Signing the UFOC doesn't obligate you in any way. The UFOC receipt should be signed and returned immediately.
Step 6 - Review of the UFOC
We will discuss the items that are contained in the UFOC. You should review the UFOC writing down any questions or concerns for discussion with the Franchisor. The UFOC will contain a list of franchisees and contact information.
Step 7 - Call Franchisees
The Franchisor will provide to you a list of thier franchisees for you to call. The reason for calling these references is that you want to ask them why and how they became successful. Then you need to determine if you can be do the same things that they did to be successful.
Step 8 - Consultation with Attorney and Accountant
You should always consult with an attorney and an accountant before making a decision. It is important to insure that both parties have a good background in franchising.
Step 9 - Attend a Discovery Day
Most franchisors have a Discovery Day, where they will invite you to their location. You will not only get crucial information for your decision, but will get to meet the staff that will be providing your initial training and continuing support.
Step 10 - Decision Time
You have taken all of the steps up to the door, and now you must open it. Decision time. Congratulations you have decided to buy a franchise. You have become a “Frantrepreneur”. A "Frantrepreneur" is a personon that is a cross between a traditional entrepreneur and a modern franchise owner. A person that possesses the desire to be a business owner, but does not want to recreate the wheel. |