When investing in your franchise, we take a well-rounded and informed approach to ensure a successful and rewarding investment. Here's our step-by-step process:
Self-Assessment and Research:
We begin by evaluating our franchise goals, skills, and interests to identify the type of franchise that aligns with our strengths.
We research the potential franchise opportunity to understand the market landscape and trends.
Evaluate Franchise Opportunities:
We consider factors such as the franchisor's reputation, track record, and support system.
We review the franchise disclosure document (FDD) to understand the terms, costs, and obligations associated with the franchise.
Financial Planning:
We determine our budget and explore financing options if needed.
Understand the initial franchise fee, ongoing royalty fees, and other financial commitments.
Due Diligence:
We conduct thorough research on the franchisor's history, financial health, and legal status.
We contact current and former franchisees to gather insights into their experiences.
Legal and Financial Consultation:
We consult with legal and financial professionals who have experience in franchising to review the FDD and franchise agreement.
Visit Existing Locations:
We visit existing franchise locations to observe their operations, customer experience, and profitability.
Negotiate Terms:
We negotiate terms with the franchisor, including initial fees, royalties, territorial rights, and support expectations.
Training and Support:
We understand the training and ongoing support provided by the franchisor to ensure we receive the necessary resources for success.
Business Plan Development:
We create a detailed business plan outlining our strategies for marketing, operations, and growth.
Legal Review and Agreement:
We will have a legal professional review the franchise agreement to ensure all terms are clear and favorable.
Secure Funding:
We would secure financing if required, and ensure we have adequate funds for initial investment and operational expenses.
Site Selection and Setup:
We work with the franchisor to choose a suitable location and set up the franchise according to their standards.
Training and Launch:
We Participate in the provided training program to learn the ins and outs of business operations.
Then we execute our business plan and launch our franchise with a strong marketing strategy.
Ongoing Management and Improvement:
We continuously monitor and manage our franchise, adjusting strategies as needed for optimal performance.
We also stay engaged with the franchisor's support system and network with other franchisees.
Our Partners
Invincibiz
4539 N Sheridan RD Ste 2, Chicago, Illinois 60640, United States