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Operations consulting
Get information on business opportunities that match your goals and interests. With more than 1,000 registered franchises available there's a franchise for everyone's unique personality, budget, location and objectives. Our goal is to help you find the right one.
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Steps to Qualifying and Evaluating
- Exploratory Meeting...Initial meeting to get to know one another
- Overview of how the franchise agreement process works
- Review key points of the franchise agreement
- Complete Qualification Questionnaire
- Review the advantages of franchising
- Industry overview
- Franchise support and systems
- Receive UFOC, franchise agreement and candidate evaluation
- After Step 1: (candidate)
- Review UFOC, Agreement & Other Materials
- Formulate Questions
- Fill Out Qualification Questionnaire
- Franchise System Verification...Understand the franchise system and agreement
- Answer questions about franchise agreement of UFOC
- Review Qualification Questionnaire
- Review timeline process
- Introduce support team (Generally by Conference Call with AR, VP and Candidate)
- After Step 2: (candidate)
- Formulate Additional Questions
- Complete Short Business Plan
- Review Documents with Professional Advisors (If Necessary)
- Reserve Time for Location Visits
- Submit for funding approval (www.GetFunding.com)
- Understanding of Support...Understand the franchise support system
- Review Operational Manuals with Area Representative
- Review additional questions
- Visit operation and/or office (Discovery Day)
- Review terms of agreement
- Review business and marketing plan
- After Step 3: (candidate)
- Formulate Questions
- Finalize Review of Documents with Professional Advisors (If Necessary)
- Review Business Plan, Agreement Terms
- Review Potential Start Dates & Time Frames
- Contract Signing...Receive final approval and award franchise agreement
- Review any outstanding questions
- Upon approval of all parties, execute franchise agreement
- After Step 4: (candidate)
- Sign franchise agreement, deposit franchise fee
- Begin Working with Territory Area Representative / Begin Marketing Plan
- Work Through Financing Arrangements
- Set Date for Training
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Franchisee Evaluation:
MasterFranchising offers sophisticated questionnaire software that profiles prospective franchise buyers and provides relevant information about their motivation, ability to accept and follow direction, risk tolerance, strengths, weaknesses and other key personality traits.
"This is probably one of the most needed tools in franchising... A system such as the Franchisee Profiler eliminates the guesswork... (and)... makes the process as scientific as possible. It allows the interviewer to distance herself from the personal dynamics of the interview and thereby produce an assessment that is far more objective than could normally be achieved."
Professor Lorelle Frazer
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Franchisor Research:
Comprehensive research is available to investigating any number of different franchise opportunities based on the potential franchisee's requests, interest and investment range. Franchisor's research such as:
- Management Skills & Abilities
- Litigation History
- Earning Claims
- Financial Abilities
- Track Record
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How Much Can You Make:
MasterFranchising can help you gain insight to "The Real Story" with industry specific research and actual Franchisor's "earnings claims" reports. While many Franchisors' don't publish earning claims hundreds do and this information is available for your review.
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