Buying a franchise can be a very good experience.  It can also turn out to be a bad experience unless you are prepared.  You can’t always expect the franchisor to look out for your best interest. “Discovery Day” with a franchisor is a critical time to ask the probing questions which will reveal important information about the company’s background and stability.

The Uniform Franchise Offering Circular (UFOC) is a document that the franchisor is obligated to give you prior to inking a deal. The time frame for review is narrow as the franchisor is only obligated to give you this information 10 days prior to the deals closing.

Unfortunately, many prospective franchisees give this document a cursory review. The UFOC contains valuable operations information which will aid the franchisee in evaluating the purchase. Important considerations are: lawsuits, profitability, purchasing obligations, and a list of the present and past franchisees that you can contact. Looking over franchisor resources used in store openings is also an important concern because it indicates the emphasis the organization puts on creating a successful restaurant.

Protect your investment and have someone help you through this process.  Give us a call to get started.  

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