About Franchising

What is a Franchise Broker?

FAQS

Franchise Your Business

Network Advertising

Become a Franchise Broker

Training Curriculum

Training Schedule

Disclosure

Helpful Franchise Broker Resources

Request for Information

Ask Dan Prechtel

Step-by-Step Process

Step 1 - Contact Us

There is no time like the present to see what options you have. Your contact information is kept confidential and is reviewed only by us to provide you the best opportunities.

Step 2 - First Appointment

We will contact you to set up a telephone appointment to discuss your goals in finding the right franchise for you. This will take less than an hour and will be the most effective time you have spent in your search for a franchise. Understanding your particular goals and needs will allow us to find the best opportunity for you. We will set a follow up an appointment to present you with opportunities that fit your requirements.

Step 3 – Research

We take the information provided by you, research available franchises, and match them with your stated goals and needs. There are over 2,000 franchises and our goal is to identify four franchises that will be a perfect match for you.

Step 4 – Presentation

We present you with the opportunities that we have identified in our research. This meeting should accomplish two goals. First, if any of the opportunities are of interest to you, then we will arrange an introduction directly to the representative of the franchise. This will require that you complete and submit a confidential questionnaire to be supplied to the Franchisor. The Franchisor wants to know that you are financially qualified to purchase their franchise, that your timeframe to buy is within reasonable limits, and that your partners or family are in complete agreement with you buying a business. This does not obligate you in any way. It simply shows the Franchisor that when you find the right opportunity then you are capable of buying it.

Second, this step will allow us to clarify your goals and needs identified in Step 2, sending us back through Steps 3 & 4. This may take place several times throughout the process.

It is important to remember that we are presenting opportunities, but you must make the decision that is best for you and your family. Therefore, refining the criteria for the best opportunity for you is an ongoing process.

Step 5 - Introduction to Franchisor

For each of the opportunities that you have an interest, we will introduce you to the Franchisor. The Franchisor will send materials to help you become acquainted with their franchise. They will also send the Franchise Disclosure Document (FDD), which is a disclosure document for their franchise opportunity. The FDD receipt should be signed and returned immediately.

Step 6 - Review of the FDD

We will discuss the items that are contained in an FDD; in particular items that you should pay close attention. You should then review the FDD in complete detail writing down any questions or concerns for discussion with the Franchisor. The FDD will contain a list of franchisees and contact information.

Step 7 - Call Franchisees

The Franchisor should provide you a list of several franchisees for you to call to ask questions about the franchise. The reason for calling these references is that you want to ask them why and how they became successful. Then you need to determine if you can be do the same things that they did to be successful.

Step 8 - Consultation with Attorney and Accountant

You should always consult with an attorney and an accountant before making a decision. It is important to insure that both people have a good background in franchising. If they don't, then the process may cost you more than you needed to pay while they do their research. We can help you find skilled professionals in your area.

Step 9 - Attend a Discovery Day

Most franchisors have a Discovery Day, where they will invite you to their location. You will not only get crucial information for your decision, but will get to meet the staff that will be providing your initial training and continuing support.

Step 10 - Decision Time

You have taken all of the steps up to the door, and now you must open it. Decision time. Congratulations you have decided to buy a franchise. You have become a “Frantrepreneur”, a cross between a traditional entrepreneur and a modern franchise owner. A person that possesses the desire to be a business owner, but does not want to recreate the wheel.

Request More Info | Contact Us

Franchise Alliance, Inc. | 400 Galleria Parkway, Suite 1500 | Atlanta, GA 30339
Phone: (678) 385-6750