Four
Steps to Qualifying for and Evaluating a Franchise
1.
Exploratory Meeting
Initial meeting to get to know one another
Overview of how the franchise license process works
Review key points of the franchise
Complete profile questionnaire
Review the power of franchising
Understanding the industry
Franchise support and systems
Receive UFOC, license agreement and candidate evaluation After Step 1:
Review UFOC, Agreement & Other Materials
Formulate Questions
Fill Out Candidate Evaluation 2. System Verification
Understand and confirm the franchise system and agreement
Answer questions about license agreement of UFOC
Review candidate evaluation form
Review validation process
Introduce support team (Generally by Conference Call) After Step 2:
Validations with Franchisees
Formulate Additional Questions
Complete Short Business Plan
Review Documents with Professional Advisors (If Necessary)
Reserve Time for Location Visits 3. Verification of Support
Understand the franchise support system
Review validations
Review additional questions
Visit stores and/or office
Visit with support team (Discovery Day)
Review terms of agreement
Review business plan After Step 3:
Formulate Questions
Finalize Review of Documents with Professional Advisors (If
Necessary)
Review Business Plan, Agreement Terms
Review Potential Start Dates & Time Frames
Review Final Questions with License Advisor 4. Contract Signing
Receive final approval for franchise license
Review any outstanding questions
Upon approval of all parties, execute license agreement After Step 4:
Begin Working with Market/Location Planner
Work Through Financing Arrangements
Set Date for Training
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opportunity buyers. The prospective business buyer is responsible to
thoroughly investigate any franchise or business opportunity listed on
this web site, obtain all appropriate disclosure documents, and seek
expert consultation prior to making any investment decision. The
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