So You Want to be a Franchise Owner... Now What?
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Transcript of So You Want to be a Franchise Owner... Now What?
So You Want to be a Franchise Owner...Now What?
What are the Next Steps?
1. Submit a Franchise Application2. Show Your Finances3. Meet and Greet4. Get Rolling
#1 Submit a Franchise Application
The first step in becoming a franchise owner is to submit an application to the franchising brand. This application will lay
out all the details needed for the franchiser to carefully evaluate your finances, as well as the skills and benefits that
you can bring to the brand’s table. Essentially, a franchise application is the first way that a franchiser will decide if you
have what it takes.
#2 Showing Your Finances
It’s important to make sure that you have adequate liquidity and net worth before you begin your venture. This is because great franchises are built on a basis of financial stability. In the early stages of the business,
you’ll need the finances to help develop the store and ensure that any bumps along the road aren’t.
#3 Meet and Greet
While your application and finances are being reviewed, it’s time to get to know the family you’ll
be joining. You’ll get in touch with a representative of the brand who can help to
answer all of your questions and discuss the ins and outs of the business. The representative will
walk you through the real estate and the franchise’s start up processes, as well as the
fundamentals of how they operate. Before this meeting, you should be sure to compile a list of questions to streamline the process and make
sure all of your questions get answered.
For a list of next steps, please visit our blog at: http://www.greatamericancookiesfranchise.com/cookie-franchise/profitable-franchise-owner/Or visit our website at:http://www.greatamericancookiesfranchise.com/
Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise.
It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana,
Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or
want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise
offerings are made by Franchise Disclosure Document only.