The franchisee desires to purchase a franchise for the location described in the document. The company requires that the franchisee complete this questionnare in order to enable the company to confirm that it and its employees and representatives have fully complied with all applicable franchise registration and disclosure laws.
Franchisee Closing Questionnaire
Category:
State:
Multi-State
Control #:
US-9-01-STP
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Once you determine to terminate your franchise agreement, you and your attorney must draft a letter and request termination in writing. The letter should detail your intention to terminate the agreement and close the franchise and be sent to the franchisor.
How long have you been in business? What made you choose this franchise? How would you rate your relationship with the franchisor? How would you rate the initial training? How would you rate the marketing programs? Are you aware of any franchisees who are unhappy in this business?
Investing in a Business (Franchise or Non-Franchise) is Risky. You Have to Stick to Certain Rules. Most Franchises Have a Minimum Net Worth Requirement. Owning a Franchise is a Big-Time Commitment. Consider Your Community Will This Franchise Succeed There? Expect High Start-up Costs.
Will the franchisor help me find a good location? Can you tell me more about your training program? Can you provide extra financial assistance? How are disagreements resolved? Other Articles From AllBusiness.com: What's a typical day like for your franchise?
Do Your Homework. Educate yourself. Assess Your Work Style & Strength. Investigate the Fees. Get Your Money Straight. Read the FDD Disclosure Statement Carefully. Use a Franchise Attorney. Beware of Franchise Consultants. Work for a Franchise.
Investing in a Business (Franchise or Non-Franchise) is Risky. You Have to Stick to Certain Rules. Most Franchises Have a Minimum Net Worth Requirement. Owning a Franchise is a Big-Time Commitment. Consider Your Community Will This Franchise Succeed There? Expect High Start-up Costs.
What is your relationship with the franchisor like? Have you ever had a conflict with the franchisor? Is your business profitable? Have you recouped your initial financial outlay? Were there any hidden set up or ongoing costs? Are you happy with the training the franchisor provides?