This form is a franchise registration renewal questionnare. The form contains sections concerning the franchisor, business experience, and litigation.
Utah Franchise Registration Renewal Questionnaire
Category:
State:
Multi-State
Control #:
US-1-03-STP
Format:
Word;
Rich Text
Instant download
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How to fill out Franchise Registration Renewal Questionnaire?
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Investigating a Franchise Opportunity: 6 Key Steps Reach out for general information. Kick things off over the phone or through the company's online contact form if they offer one. ... The franchise disclosure document. ... Evaluate the franchisor. ... Talking to franchisees. ... Meet the franchisor at Discovery Day. ... Make a decision.
Some of the more common services that franchisors provide to franchisees include: A recognized brand name, Site selection and site development assistance, Training for you and your management team, Research and development of new products and services, Headquarters and field support,
A good credit record. Have an interest in finance and business issues. A positive attitude, all franchisors want good people representing their brand. The ability to think for yourself and apply some entrepreneurial traits to the business.
Utah Franchise and Business Opportunity Laws The State of Utah is a franchise filing state and not a franchise registration state. Before offering or selling a franchise in Utah, you must file a "Notice of Exemption" with the Utah Division of Consumer Protection. Your exemption notice must be renewed annually.
Some of these questions are: What made you choose this franchise? How would you rate your relationship with the franchisor? How would you rate the initial training?
Asking former and current franchisees questions can be a good way to find out the realities of being a franchisee in a particular franchise system. You should speak to at least 5 former franchisees and 5 current franchisees to get a range of perspectives.
Overall Questions to ask the Franchisor: Is there a franchise owners association? Is there a franchise advisory council? Who owns the trademarks, service marks, etc., and are they federally registered? Are there any disputes pending or threatened against the trademark.
The following is an itemized breakdown of some of the most important sections of the FDD you should focus on when conducting your due diligence. Franchise History. ... Legal Issues in the Franchise. ... Financial Woes in the Franchise. ... Growth Trends for the Franchise. ... Startup Expenses. ... Cash Flow Analysis.