Franchise Resources

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Steps To Owning A Franchise

To break down a large goal into manageable tasks is necessary to be able to confidently complete any project. It is no different for finding a franchise business that meets your goals. We’ve broken down the process of buying a franchise into 3 simple steps: Exploration, Evaluation and Execution. This is our proven, E3 Process.

These steps can further be divided into sub parts. The following breakdown shows the typical path toward franchise ownership.

Exploration: Explore Your Goals
Analyze Lifestyle Needs
Analyze Business Goals
Analyze current financial position and future goals
Help Determine Type of Business

Evaluation: Evaluate Your Options
Research Applicable Franchises
Obtain Franchise Packet and FDD

Speak in-depth with Franchisors
Interview Existing Franchisees
Second Interview with Franchise
Consult with Attorney and Accountant
Visit Franchise Headquarters

Execution: Execute Your Plan
Enter Into A Franchise Agreement
Obtain Real Estate
Franchise Initial Training

Complete Construction
In-Store Training
Open For Business
On-Going Support

We’ve developed our proven E3 process of franchise due diligence to simplify and expedite the entire process. Contact one of our FranFinders expert Franchise Consultants today for your free franchise consultation.

About the author

Rob Bennett

Rob had served in the corporate-world for 18 years filling various technical capacities, from structural design to project engineer. His experience lends to FranFinders strategic planning, systems design and optimization.

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