Franchisor Help In Victoria
Gathering adequate franchise information is the best way to shop for a business opportunity in your community. A franchise is an agreement between an established business and an investor who seeks to use the company's products and services to turn a profit. Traditional agreements come with entrance fees and royalty payments in exchange for the use of trademarks, logos and production methodologies.
You can find information online using web directories or by contacting local business owners in your area. Cold calling can be time consuming, and web directories may only provide cursory information. If you want to get the most recent financial data and company history, you should request a Financial Disclosure Document.
Gather In-Depth Franchise Information Inside the Financial Disclosure Document
The Financial Disclosure Document contains information about lawsuits and contract terminations. If you notice a bankruptcy in the document or a high owner turnover rate, it may be a sign of a high-risk investment. The disclosure document should also contain income reporting for franchises. Keep in mind these figures may reflect gross profits or they may be based on averages compiled from several different regions.
It's standard practice for potential investors to request a Financial Disclosure Document before signing a contract. Investors typically have 14 days from the time they receive this document to review it and agree to the terms. As with any investment, it's essential to compare at least three franchise opportunities before you pay any earnest money toward your new small business.
Match Point Network is a small business consulting service with industry resources and research tools for helping you find franchise information. If you want a free consultation, email Match Point today.