Franchise Investigation Procedure

May 31, 2024 | By Franchise MatchMakers,Inc

CONTACT US
Our consultation services cost you nothing as we are retained by the franchise companies to present candidates who possess
the necessary qualifications to be successful. The first step is to fill out a Confidential Questionnaire. Once that has been
submitted, one of our franchise consultants will contact you to verify your information. During this initial conversation with a
Consultant, the Franchise Categories that interest you the most will be discussed.

CONSULTATION/QUALIFICATION ASSESSMENT

During this stage, we gather the necessary information to determine what your capabilities are, and which business models will
be a good match for you. Our first objective is to understand who you are (e.g., what are your past skills, what type of lifestyle
you desire, and your overall goals). The goal of any reputable franchise business is not to “sell” a franchise to just anyone willing
and able to buy their brand, but to “award” a franchise to candidates that are highly qualified and will thrive in the operation of
their business model. Your success is their success!

PRESENTATION OF BRANDS

We will introduce you to the respective Franchises. You will gain valuable knowledge on each of these great business models.
Expect to hear about some exciting name brand franchises in the categories you expressed interest in. Keep an open mind,
evaluate all the business models, compare, and contrast them, and be careful not to discount a business until you have all the
information. Often the first glance at a business does not paint the whole picture. Learning the numbers and examining the
operation of a business is likely to reveal some impressive potential that you may at first overlook.

REVIEW OF FRANCHISE DISCLOSURE DOCUMENTS (FDD)

Once you have received an FDD from a franchisor, you will need to thoroughly examine the contents and seek answers to any
questions you may have. The franchisor will readily assist you in finding the answers to any questions. The FDD will also contain
a list of franchisees and contact information. It is highly recommended that you speak with the franchisees in order to gain an
understanding of what it’s like to operate a franchise unit in their system.

CALL FRANCHISEES/ VALIDATION PROCESS
It is essential to ask the right questions of the existing and past franchisees. We will supply you a list of questions to assist in this process. This is a great opportunity to learn valuable information from those with the experience. This is your opportunity to
validate the franchise opportunity and get an idea about the profitability of the franchises.

CONSULTATION WITH ATTORNEY AND ACCOUNTANT

We cannot overemphasize the necessity of consulting with a competent “franchise attorney” and/or accountant before purchasing any business. It is very important that both professionals have a background in franchising, to ensure that you are covered in every way to benefit your position. If you don’t already have these professionals in place, we can make recommendations.

ATTEND A DISCOVERY DAY/ VISIT TO CORPORATE

Most franchisors have a Discovery Day where they invite prospective franchise partners to visit a specific franchise location and
see how the franchise is run. You will not only get crucial information to assist in making your decision but will get to meet the
staff that will be supporting you in the operation of your franchise business.

DECISION TIME

Once you have gone through all the previous steps, it is time for you to decide. Should you choose to own a franchise, you can
be confident that you have taken the necessary steps towards controlling your own life, by owning your own business!