The art of finding the right franchisee

Posted on October 20th, 2008 by Sebastien

New franchise law blog FranchiseLawyerBlog.com is starting a series of posts about how to develop a franchise system. Although our blog is mostly focused on potential franchise buyers, I thought it would be interesting to see what’s happening on the franchisor’s side. As a potential franchisee, you must know that if sometimes a franchise opportunity is not right for you, you sometimes are not right for the franchise opportunity. Yes, it goes both ways…

There are many individuals running successful small businesses who decide that franchising their concept is the best way to grow. With the assistance of franchise counsel and sometimes business consultants, they develop a business model and create the appropriate franchising documentation; registering their franchise disclosure document (“FDD”) where necessary. At this point they enter into the most crucial phase of franchise development: identifying and attracting the right people to become franchisees of their new systems.

I’m glad to see that some franchisors are really screening out their potential franchisees… not like some other franchises we talked about before…

You may want to read the full blog post here.

Filed under: About Franchising, Franchise Talk

Further Reading:
Franchise Deals Still Getting Done Despite Credit Crunch
The Secret to Streamlining Your Franchising Operations and Eliminating Your Weaknesses
Franchise Territories: Examine Their History!
Hotel Franchising
Buying an Existing Franchise

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