Franchisee Through the Looking Glass

So you want to buy a franchise but don’t know where to start?

 

Download a step by step guide for just $29.95

Franchising is a fantastic way to own your own business and most importantly it is the proven format most likely for a successful outcome. Establishing and operating any small business can be risky, but with franchising many of these risks are significantly reduced as you follow the guidelines of an already proven business model.

 

This simple guide provides all the answers you need to know to determine if you are suited to franchising and what franchise is right for you.

 

It covers all aspects of buying franchise and what you need to know and may need to do before, during and after you join a franchise system. It comprises of 5 sections covering the key aspects of buying a franchise

 

Who should download this guide?

All those who are considering becoming a “franchisee” in any business

 

• IIndividuals who wish to buy a going concern franchise from a current operator
• Mum and Dad’s looking to secure their future for their family through franchising
• Business owners that would like to convert their family business and join a franchise group in the same industry
• Anyone who wants to become a franchisee
• All those who are currently undertaking evaluation of any franchise system
• Those about to sign documents for a franchise
• Anyone considering establishing a franchise system of their own

 

What does the guide cover exactly?

For Franchisee:

• Section 1 - Are you ready to buy a franchise?
  Prior preparation- Be Prepared - Personal evaluation, Capability, Correct Structure, Legal, Accounting, Finance, Commencement, Support, Personal Finances, Obtaining advice, what questions should you be asking
  
  
• Section 2 - Understanding the paperwork
  (a)   Disclosure Document
  (b)   Franchise Agreement
  (c)   Franchise Code of Conduct
  (d)   Contract of Sale
  (e)   Other Documents
  
  
• Section 3 - Evaluating the potential
  (a)   Franchise business
  (b)   Franchisor
  (c)   Business Industry
  
  
• Section 4 - Watch your step
  Things to look out for and pitfalls to avoid
  
  
• Section 5 - Making the most of it
  Embracing the system and making the plan work for you and your franchise outlet
  
  

SECTION 1 - Be prepared

This section of the guide asks the important and sometimes hard questions that you need to know the answers to before you progress down the franchising path.

 

It will help you access if you are in fact suited to franchising in the first place and what particular franchises are the best match for you as an individual. It covers all aspects of the preparation needed in finding, evaluating and testing wether a franchise is right for you. It covers off on many of the questions you should be asking both yourself and the franchisor

 

SECTION 2 - Understanding the paperwork

There is a raft of information and paperwork and documents that need to be assessed during any franchise purchase. This section will guide you through the many facets of discovering how best to manage this paperwork trail. Of all areas of franchising this is the bit that most people find hard to comprehend and often, dealing with lawyers and accountants in their “lingo” is the hardest part of all. Here we simplify the process and allow you to get a firm grasp on why all this paperwork is necessary and how to make sure it works for you

 

SECTION 3 - Evaluating the potential

After your initial investigations and once you have decided upon a franchise that you think is a good match, you will need to conduct further evaluations of all aspects of the business.

 

Firstly the franchise business models itself, how it works and what return can you expect it to deliver. Next the Franchisor, who are they, what are they like and how do they interact with the current franchise network. How financially stable is the franchisor and what is their track record to date. Becoming a franchisee is very much like a marriage and you need to know who your “partner” really is and that your happy to “get hitched” Finally the industry your franchise is in, how robust is it, what are the challenges the business might face and how and where does your franchise fit into the industry landscape.

 

SECTION 4 - Watch your step

Whilst franchising can be life changing for many, it is not without its risks. Knowing how you can protect yourself and what to be aware of during the investigation of any franchise is essential. The section will detail a lot of Do’s and Don’ts and will highlight some key areas of focus when evaluating the opportunity

 

SECTION 5 - Making the most of it

This really covers all the things a new franchisee can do to embrace the system and get the best out of their investment in a franchise. Doing what successful franchisee do and making every day a day of investment in your business