We asked franchisors what they want in franchisees, and 4 qualities rose to the top.
Beginning in July 2017,
we asked franchisors to fill out our online form and submit a copy of their full current Franchise Disclosure Document (FDD) or Canadian Disclosure Document.
Even after the survey was discontinued and the International Franchise Association sent out a letter
asking franchisors and brokers to scrub the stat from the web — a request it has repeated several times since — it has been difficult to close Pandora's box.
Ask the franchisor what advertising it has done and what is being planned.
Not exact matches
But Lesko's lists pertain mostly to small business: you'll find information on agencies that give development assistance to expanding companies, economic reports that regional Federal Reserve banks will send you, government surplus - property auctions, whom to
ask about overseas selling, how to find financial data on a company or
franchisor, where to apply for research grants — in sum, information on the offerings of nearly every federal, state, and local bureaucracy in the country.
Call the former franchisees, and
ask them why the agreement was terminated, whether the franchisee wasn't making the grade, or whether they had some type of grievance with the
franchisor.
Contact the
franchisor, and
ask for a copy of its Franchise Disclosure Document, or FDD.
One of the most important questions a prospective franchisee should
ask, but rarely does, is «What conflicts do you have with the
franchisor?»
Asked to identify their top issue of concern in 2013 among a range of business and policy challenges, 27 percent of
franchisors cite franchise sales and development and 20 percent cite the Affordable Care Act.
According to the report, the World Franchising Network «
asked over 3,000
franchisors to return a questionnaire that detailed the involvement of military veterans in their programs and the «discounts» they are offered in terms of initial investment, franchise fees, and on - going royalties.»
The survey
asked CMIT Solutions» franchise owners to rate their
franchisor through a series of questions in categories such as overall quality, growth potential, support, and communication.
The
franchisor will then
ask for an initial investment to cover training, marketing materials, equipment, construction (if necessary) and anything else they need to provide.
After starting to operate the franchised day care, the new franchisee encountered problems and
asked for the
franchisor's financial assistance.
Unlike a rescission claim, it does not in and of itself seek to end (or rescind) the franchise relationship between
franchisor and franchisee; it does not
ask to cancel or reverse the franchise purchase, and the franchisee may continue owning and operating the franchised business (whereas in a rescission, a franchisee returns the franchised business to the
franchisor).
He
asked me my thoughts on why his
Franchisor was not assisting TREB?
Key changes to be expected, says Du Toit, include the way in which the traditional franchise estate agency operates: «The current
asking commission of 5 % -8 % is unsustainable, and only this high because of the inherent costs built into that business model — after all, the
franchisor, franchisee, and estate agent all have to get paid from the commission of each sale, which is what drives these unjustifiably high commissions.»
As Realtors, we are
asked to pay more on an individual basis to each of these organizations, as well as to the
franchisors with whom a large majority of us are affiliated.