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When you’re getting into franchising, you should know the term Franchise Disclosure Document (FDD) indefinitely. You should always receive an FDD when you sign up with a franchisor for information and you need to make sure that you understand the FDD because it holds all the important information you will need to know about the […]

You should feel some security in knowing the law requires franchisors to inform franchisees about the systems they run in their companies. The information that the law requires franchisors to share should be found in the FDD and if it’s not, back away from the company because they are not in compliance with the law. […]

In short, the information you’ll find in the FDD includes:     A directory of franchisees in the system Audited financial statements Company’s key staff and their qualifications Company-owned locations, how many are open, how many have closed Franchisor’s financial history, including any bankruptcies or litigations Information on system-wide growth Information on the franchise Legal […]

The Cover Pages of the FDD Every formal document will always start out with a cover page. On this (these) page(s) you should look forward to this information:   Summary of the franchise’s offerings and initial investment required. State that no government agency has verified the information in the document. Remind the franchisee to read […]

While all parts of the FDD are important to not only read, but to understand, you’ll want to pay particular attention to these sections:   Item 7: Because it talks about how much the business will cost and the initial investment, it should be 100% understood, especially that these costs are only estimates and not […]

There’s a lot of debate on what to do if an FDD doesn’t present franchisees with the financial performance representation or if they do and it’s something small. If the franchisor you’re working with doesn’t provide you with any information on it, another good source to go to is the earning potential information for the […]

During the meetings with your franchisor, you will hear them make promises and you are likely to verbally agree to things. You’ll also read the FDD and the franchising agreement and will have to sign parts of both. All these experiences culminate into the end result of owning a franchise, but later down the line, […]

The FDD is easily the most difficult aspect of the franchise buying process to understand. There is so much information in this and the legal language can be difficult to understand. This is why many people are intimidated by the FDD. Here are a few things to think about when looking at this document for […]

Social media has a huge influence on franchising nowadays whether you’re doing it for the consumer side or for the franchising side of things. If you neglect to use social media as a marketing tool, you’re forfeiting one usually free tool for gathering new clients. If you’re not sure how to use social media as […]

  Charleston, SC— Clubstore Outlet, LLC, headquartered in historic Charleston, SC, has signed another major deal for a Master Franchise Agreement for the entire state of Mississippi and a portion of Western Tennessee with an experienced investment group who have ownership in another major retail franchise in that region. The five year plan for the […]

Franchising only works successfully when every single chain or franchise is in line with all the others, providing consumers with the same reliable services or products they are used to. However being consistent isn’t always that easy for the big chain or franchise. There are small design specifics that might work well in one place, […]

As you and your franchisor survey for the best possible franchising location, here are some places that you may or will end up looking:   Malls Usually large, enclosed spaces (but they also come with roofless walkways or an outdoor courtyard), malls are a staple for shopping and a great place to put your business. […]

Working from Home With some franchises you’ll be able to work from home. This can save money in real estate and building costs and instead just go to constructing or designing a home office—but these franchises can be very specific and are often much smaller operations as opposed to opening your own McDonald’s location. Some […]

Whether you’re in a business franchise or in retail, your response time to emails, phone calls, and inquiries is incredibly important to your reputation and what your brand means. If you don’t have a great response time, you may not seem like the most reliable business partner or person to do business with. While you […]

Dual branding is when two or more franchises set up shop beside one another or within one another. Can you think of any high-bred franchises you’ve seen? A&W + Shell, Long John Silver’s + KFC, Walmart + McDonalds (or Subway in some cases), Target + Starbucks, Barnes and Noble + Starbucks – these are just […]

When looking into real estate whether it’s for your home or your business, the first thing you should always do is create a list of what is important to you and what it must have.  This can include details that are very specific to the type of business that you will be opening. Remember that […]

Every franchise has a very specific design. While some may feature slight differences in layout or where something is located, they all more or less have the same look or feel to them to provide the customer with the same experience whether they’re walking into a your business in Wisconsin or New Zealand. When you’re […]

Now that you’ve located your place, it’s time to look into the process of securing it. The first thing to note is the landlord that you will be renting from, if you are renting and not purchasing. Some landlords might have a predisposition to not liking your franchise for personal encounter reasons or for having […]

Hiring a contractor can be very hit or miss. If you’ve ever done renovations on your home, you’ve probably had an experience with a contractor already and it might not have been the greatest. If you’re looking for a contractor, consider having a checklist available. Here are some good places to start:   Ask your […]

  LifeLine Repairs Expands to 35 Units in 2 Years   February 8, 2016   Atlanta, GA – With the explosive growth of mobile technology has come the ever-increasing need to fix it.  LifeLine Repairs has stepped up to the challenge with 35 new stores since 2014 and is continuing its push Westward with stores […]