Our proven E3 Approach simplifies the Franchise Due Diligence process.
In response to the invaluable feedback provided by our clients, we have created an effective approach that will save you time and money in your franchise search.
A qualified FranFinders Expert Franchise Consultant (FEFC) will use our proven E3 Approach to help you:
Explore Your Goals
•In this phase, you will have opportunity to discuss your personal, business and financial objectives with a person who is knowledgeable on the franchising industry.
•During your initial consultation, your FEFC will help you determine if franchise ownership is right for you. While, on your own, it may take you months to realize that you are undercapitalized or under-qualified to own a particular franchise, your FEFC has the knowledge and experience to determine your viability from the very beginning of your search, before wasting any of your time.
•Next, your FEFC will help you determine the criteria for your franchise search and set out a personalized plan for your search.
Evaluate Your Options
•With over 100 industries containing thousands of franchises to choose from, this phase gives you the opportunity to narrow down your options based on your specific criteria.
•You will receive your Comparative Franchise Report that details franchise opportunities compatible with your objectives.
•Next, your FEFC will set up meetings for you with each company on your Comparative Franchise Report and prepare you for the meetings by training you to ask the right questions.
•Your FEFC will also review proper interview techniques with you to ensure that you make a favorable impression on the franchisors. Remember, franchisors are evaluating you as much as you are evaluating them!
•After these meetings, your FEFC will guide show you how to interpret the information and narrow down your options.
Execute Your Plan
•Once you have narrowed the options to one or two franchises, your FEFC will assist you with the franchise due diligence process.
•We will assist you with validation and reference calls with current and former franchisees, providing you with questions to ask.
•Next, we will connect you with professionals that will help you review the often confusing start-up documents and agreements such as the Franchise Disclosure Document.
•Your FEFC will then help you find financing options to fund your purchase.
•Lastly, we will ensure that you are completely confident in your decision and the franchise you have chosen meets all of your personal, business and financial objectives.
