PRESENTATION OUTLINE
Conducting Franchise Research: 10 Questions to Ask Current Owners
The prospect of taking a new career path as a franchise owner is filled with adventure and possibilities. Sometimes, though, it’s easy to get so caught up in the excitement that you forget about the need for diligent franchise research.
It is critical to know your options, weigh your options and whittle down your options, until you arrive at the franchise that fits your vision, skill set, and budget.
Topics of Discussion:
- Franchise Research and Due Diligence with GAC
- Learning from Those Who’ve Gone Before
- Conclusion
1. Great American Cookies (GAC), like other franchises, has a pre-organized, step-by-step discovery process for those inquiring about becoming a new franchisee. Some of the steps you will take during the “discovery” process are available on our blog. Franchise research will typically take from one to three months to complete, so there is a need for both diligence and patience.
2. One of the most enlightening parts of your franchise research will be “picking the brains” of those who have already invested in the very franchise you are interested in getting involved with. GAC will put you in contact with as many franchisees as you wish. You can call them for phone interviews or, if they are willing, interview them on Skype, but if at all possible, you should visit at least one or two current GAC franchise owners in person.
3. Doing full franchise research, including learning from others who have already invested their money, time and lives in a GAC franchise, is a great way to minimize the risk that is inherent with any franchise undertaking. Starting your own franchise is a major life decision, so “do your homework” at the outset to ensure you are working with your ideal franchisor. To learn more about investing in a Great American Cookies franchise, contact us today.
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.
