I signed my franchise contracts today. After weeks of research and due diligence, it all comes down to this. Actually, it’s all just now beginning but nothing happens until I send the contracts back to the franchisor, big fat check attached. I leave next week for training in Tampa then there’ll be a million things to get done before we open in about 90 days. No surprise - it’s pretty much what I signed up for, but a milestone nonetheless.
One important step I haven’t touched on yet is financing. And the reason I haven’t spent too much time on it is that it’s really different for everyone and therefore anything I do may or may not apply to someone else. And that’s another reason why I recommend using a franchise consultant or broker if you ever decide to get into this. They usually have experience with helping in this area and, as in my case, they may have gone through it for themselves.
I welcome any questions or comments you might have in this area. If you’d like to know more about the options available to you or to discuss the ins-and-outs of how to review the franchise contracts, drop me a line via the “Contact” tab on our web page. I’d be glad to help.
Suffice it to say, the financing needs to be lined up before you go signing any franchise agreements or paying any fees. But once financing is in place and you’ve found the franchise you think is right for you, be ready to step up and sign the check. It’s the last step in our process – DECISION!
And it feels good to have made it to this stage. All hell’s going to break loose soon and I know I’ll feel overwhelmed at times, trying to pull everything together for a successful opening. But for now, it feels good. And I’ll enjoy it while I can.
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