If you find a franchise that interests you, you should contact the franchisor first. The franchisor will most likely ask you to complete a number of questions or forms as soon as you express interest. Prepare specific responses to questions regarding your finances, such as your own assets, when filling out the application, just as you would for your partner's financial status.
The franchisor must ensure that you are financially solid before making the decision and that you have the necessary financial backing in case the firm runs into financial difficulties. Some inquiries may be about your experience, background, and goals, which can reveal your willingness and ability to manage a successful firm.