The first step in becoming a franchise owner is to submit an application to the franchising brand. This application will lay out all the details needed for the franchiser to carefully evaluate your finances, as well as the skills and benefits that you can bring to the brand’s table. Essentially, a franchise application is the first way that a franchiser will decide if you have what it takes.
It’s important to make sure that you have adequate liquidity and net worth before you begin your venture. This is because great franchises are built on a basis of financial stability. In the early stages of the business, you’ll need the finances to help develop the store and ensure that any bumps along the road aren’t.
Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.
