Franchising - Step by step process

Steps to Follow to Purchase a Franchise

1. Receive Information Pack
2. Complete Franchise Application & Disclosure Form and Franchisee Profile Questionnaire
3. Attend First Interview
4. Receive Guided Studio Tour
5. Receive Franchisor Documentation
6. Attend Second Interview
7. Execute Conditional Purchase Agreement (CPA)
8. Pay First Deposit
9. Investigation of Franchise System
10. Finance Application
11. Financial Study - Accountant
12. Franchise Agreement & Property Leases - Lawyer
13. Inspect Plant & Equipment
14. Lift Conditions on CPA - Unconditional
15. Pay Second Deposit
16. Settlement
17. Execute Property Lease
18. Submit - Final Year One Cash flows
19. Franchisee Training Begins
20. Complete Credit Applications - Suppliers
21. Order Opening Stock
22. Studio Launch & Grand Opening Questions