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Step 7. Franchise Award

 

Franchise Award

Getting the Franchise to say YES to you! Because the franchise is a business in itself and they are trusting their system to the care of each franchisee, the franchisor has a process that will determine if you are a good fit for them. This is important to their business to ensure they will be successful in the long term and that they are only bringing the best candidates into their business. Our goal with this step is to work with you and ensure that you have everything you need to impress the franchisor on the things that they are looking for.

This step usually includes something called Discovery Day. This is when you go to the franchisor’s corporate office to get to know their management team and they will decide if you are the right fit for their company. Depending on the company, you may sign the paperwork for your new franchise during Discovery Day!

 

The Rest of the Steps

8 Steps to Buying A Franchise

Step 1: Start Franchise Shopping

Step 2: Acquire Funding

Step 3: Compare Your Options

Step 4: Prepare Yourself

Step 5: Franchisor Introductions

Step 6: Due Diligence

Step 7: Franchise Award

Step 8: Become a Franchise Owner

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