Knowledge equates to confidence in your franchise journey – the more you know the better and more informed decision you will make. The research step will help qualify your thinking and to help keep track of your progress.
In this step, you should look at FBR’s independent franchise reviews and understand how a company rates in franchisee satisfaction. You also want to make sure you are prepared to speak with franchise company representatives and franchisees. We will arm you with a list of important questions and help you understand the key areas to review in a Franchise Disclosure Document (FDD).
All franchise companies are required by law to provide serious prospective franchise candidates with a copy of their Franchise Disclosure Document or “FDD” before they can purchase a franchise. While these documents can be confusing to someone not familiar with franchising, we have two great articles to help break them down for you:
