Here are the 10 steps to open a franchise:
- Do a territory check - Your agent reaches out to the company to do a “territory check”. This territory check is to find out if your market is available with that specific business. ...
- Initial phone call - Alright so the business you like best has a territory available to you. Now it’s time to connect with that company and see if you like each other. ...
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What to do once you learn about franchise opportunities?
Once you've learned more about each franchise opportunity that you are interested in, you will be able to speak with active franchisee's in their respective organizations in order to validate the business, support, and success of each.
What to do after franchise readiness assessment?
Once you have your Franchise Readiness Assessment results, you may request a free no obligation review session with your local franchise consultant. During this meeting, you can gain more insight into what franchise opportunities may be best for your goals.
How does FranNet help franchisees?
FranNet Franchise Consultants reduce risk by pre-qualifying prospective franchisees to ensure no wasted qualification time; by helping educate your prospective franchisees on the eventual purchase and operation of your franchise concept, which sets better expectations among all parties; by providing you an instant North American network present in all major markets, with local presence and expertise; and by reducing overhead by offering a primarily post-pay service. Instead of worrying about generating qualified candidates on your own, you can join a proven, effective, and efficient referral network.
What is FranNet franchise?
FranNet franchise consultants have helped thousands of entrepreneurs across North America start their own business through franchise ownership; however, this has only been made possible due to our unparalleled focus on quality across all facets of our business. FranNet is comprised of an independent network of over 100 local consultants that help highly motivated and savvy entrepreneurs mitigate their risk of business ownership through franchising. What has made us a six-time fortune 5,000 organization? We work hand-in-hand with our clients to educate them on opportunities and risks throughout their decision to ensure they have the best chance of success.
What to do after discovery day?
Once you return from a discovery day, you'll be in a position to decide if that franchise is the right fit for you. If it is, we'll provide the necessary referrals to franchise attorneys, accountants, and funding partners to help complete your franchise due diligence. From there, it is your choice to sign the final franchise agreement and become a franchisee.
Is FranNet free?
Zero. Working with FranNet is absolutely free. How is that possible? Similar to real estate agents that receive a commission from the seller, we receive our broker fee directly from the franchise that you may buy.