Identification of the Franchisor's principal officers.
Franchisor's financial statements for the previous two years,
The Franchisor does not run your business for you.
The Franchisor should be involved in the planning process.
The Franchisor's financial statements for the previous two years,
That is where the Franchisor's experience comes into play.
A legal agreement must govern all franchisee and Franchisor.
Demonstration of the Franchisor's capabilities to provide training and guidance.
Buying a franchise means entering into a formal agreement with your Franchisor.
If you are the Franchisor, you may conduct the risk analysis yourself.
Usually, the Franchisor also provides a marketing program and other support services.
As a Franchisor, your entire system will be growing around your trademark
and brand.
Therefore, Franchisor fees are typically based on"gross revenue from sales"
and not on profits realized.
The relation between franchisee and Franchisor and with the CEO should be valued well.
Make sure that your Franchisor always maintains transparency in all the business dealings
at every stage.
Instead of being reluctant to change, a Franchisor should design his plan depending upon the situation.
The plus side to a good franchise is that the Franchisor offers its assistance and support.
It also gives the Franchisor the ability to monitor online activity for potential trademark
or copyright infringement.
The Franchisor should have a clear vision of where
his brand will reach in the coming years.
A Franchisor would want to trust and depend on such a member of his
extended brand building exercise.
As a Franchisor, you need to be proactive, trying to influence
your franchise family in a positive manner.
If you're already a franchisee, but are experiencing a setback,
don't be afraid to ask your Franchisor for assistance.
The relationship between a Franchisor and franchisee is as important as of the players from the same team.
However, Franchisor being the owner of the brand has to try the hardest to
make his brand a success.
An ineffective marketing strategy of the Franchisor is itself a proof that he is not taking the business seriously.
Franchisor appoints franchisees for a fixed time generally
referred to as a‘Franchise tenure' which is mentioned in the franchise agreement.
A simple form franchise
is a legally binding document that states the rights and responsibilities of a Franchisor and franchisee.
If the Franchisor sees that his brand name is getting
affected by the franchises carelessness, he can surely break the agreement.
If the Franchisor urges you to make a quick decision about entering the franchise,
it's something you should be wary about.
Throughout your meeting with the Franchisor, you will be discussing specific subjects
that will affect your decision to purchase a franchise.