Here’s how the franchise process works.Initial Contact
Once you’ve decided on a business that interests you, your first step is to reach out to the franchisor. Most brands have a contact formon their franchising website that you simply submit for consideration.Discovery Day
After discussing the business opportunity via email and phone, most franchisors and prospective franchisees prefer to meet in person at the company’s headquarters before eventually signing a franchise agreement.
This meeting is commonly referred to in the franchising industry as a “Discovery Day,” an event for the franchisor and investor to meet face-to-face and ask one another any outstanding questions. The visit instills confidence in the partnership for both parties before ultimately signing the franchise agreement.
Site Selection and Buildout Assistance
You’re not alone as a franchisee. The franchisor will help you choose an optimal location and will establish a territory in which no other franchisee can build a store. Your territory will typically be a radius in miles around your store and can vary depending on population and other factors.
You can also expect design help and access to vendors for any equipment or software that needs to be purchased before your grand opening. Franchisors will typically have a corporate employee assigned to your region to assist you as you prepare to open the doors to your location.
Initial and Ongoing Training and Support
Training and support should not end after your location opens. Ask about training opportunities and resources available to you after you open your business.
Tide Cleaners Franchisees benefit from two weeks of hands-on experience at regional training facilities, and complete one week of self-directed computer-based training. After opening their initial plant store, Tide Cleaners franchisees enjoy continuing education opportunities and regional meetups with other franchisees and the corporate management team.