The Franchise for Sale Process
Purchasing a franchise for sale is a great way to kick-start a new career as an entrepreneur. Unlike starting a business from scratch, you have support from the beginning at almost every level. A good franchise will provide you with brand recognition, training to get you started, assistance with marketing, ongoing support after you’ve opened, and much more. When you open a franchise, you can take advantage of the benefits of going into business without as much stress.
Investment in Your Success
As an established business, franchises want their owners to be successful. Each franchise's success reflects on the brand's overall reputation, after all. Because of this, the franchise will select owners they believe will have the best chance of success.
Before you apply to own any franchise, research whether it already exists in your local area. You'll also need to know your net worth, your credit score and your available capital. When you've selected a franchise you'd like to invest in, it's also a good idea to speak with your bank about the required costs to determine what kind of loans you will qualify for (if you need one). Being pre-approved for a loan can help expedite the process of being awarded your franchise.
Getting to Know You
Although every franchise differs, you can expect similar basic steps before being awarded a franchise with any company. A typical franchise for sale will invite you to begin by submitting a short questionnaire that includes information about you and why you are interested in pursuing a possible partnership in your local area. After you complete the questionnaire, the company will contact you to set up an informational phone call where you can find out more specific details. With Fun Bus, you will also receive a Franchise Disclosure Document that should answer some of the basic questions you may have to prepare you for your phone call
The phone call is an opportunity for you to get additional questions answered and help you determine whether or not you are still interested in partnering with the company. If you decide to move forward, you will also receive additional information about the business model of the company as well as a detailed discussion about the Franchise Disclosure Document.
With Fun Bus, that includes learning more about the ins and outs of a mobile franchise model, what support systems are in place to help you be successful, and how our marketing programs are structured. You'll also learn more about what we expect from our owners and more detail on what you can expect with the financial performance of your franchise based on your investment level.
When asked if I'm loving FUN BUS, I always answer: Definitely! My passion is for connecting with people, especially kids, and providing positive reinforcement and building self-esteem. FUN BUS is perfect for that.
- Joe Texeira FUN BUS FUNtrepreneur
The Home Stretch
If you are still interested in joining the team of the franchise for sale, you will likely have another phone call with the company. After reviewing all the specifics of the company and getting a clear vision for what is and is not within the scope of prospects within the business as an owner, it's a good idea to check in with the franchise on whether or not you would like to proceed.
For example, if you are still excited about starting your own Fun Bus location, Fun Bus will allow you to talk with a current owner about the brand and their experience. This gives you valuable insight into what being a Franchise Owner is like. After that, you get to participate in a Discovery Day. This exciting day allows you to visit the Corporate team, see the buses themselves, and spend time with current owners. If you're still interested in joining the team and the company feels confident you will be a good fit, you'll be awarded your very own Fun Bus. Congratulations!
