Comply with legal obligations by providing potential franchisees with a Franchise Disclosure Document (FDD), which includes:
Franchise Terms: Outlines the terms of the franchise agreement, including fees, royalties, territorial rights, and renewal options.
Financial Performance: Disclose historical financial performance data for existing franchise locations, if applicable, to help candidates assess potential revenue.
Legal and Regulatory Requirements: Includes information about legal estonia mobile number obligations, franchisee rights, and any pending litigation that may affect the franchise relationship.
6. Go on a discovery day or visit
Invite qualified candidates to attend a Discovery Day or visit your corporate headquarters or existing franchise locations:
Corporate Culture: Gain a deep understanding of your corporate culture, operating practices, and brand philosophy, allowing candidates to experience your franchise environment firsthand.
Meet Key Team Members: Introduce candidates to key management, support staff, and successful franchisees to further validate your franchise opportunity and build rapport.
7. Negotiate and finalize the franchise agreement
Once you have identified the right candidate, you can negotiate the terms of the franchise agreement and finalize the contractual obligations:
5. Provide detailed franchise disclosure information
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