The Franchise Application: How Does It Work?

Reaching out to a franchisor is the first thing to do. The moment you lay down your intentions, the franchisor will likely get you to complete an inventory of questions or forms. In filling out the application, be ready to supply detailed answers to questions about your finances, such as your assets, as well as your partner’s financial circumstance.

The franchisor must make sure that you're financially ready to make the commitment and have the specified guarantees just in case the business runs into financial issues. Other types of questions may refer to your experience, background and goals, which can establish your desire and in the management of the business once it becomes operational.

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