STEP 1: INITIAL CALL & QUALIFICATION
A discussion to get to know the potential franchisee.
We will help understand and clarify potential franchisees goals and also determine if his/hers circumstances meet the requirements to purchase a franchise.
Part of the initial call, a determination of the financial status: ability to gather initial franchise fee and operating expenses(including living expenses).
Could include the following; Liquid Capital, Net Worth, Timeline, Licenses or Certifications.
STEP 2: SECOND CALL & PRESENTATION
This is an conference call or online meeting in which we will discuss each opportunity in greater detail and provide detailed information regarding each franchise.
This information includes, franchise URL, marketing information and costs.
Also, we will discuss any “perks” associated with the franchise, such as discounts, financing or favorable terms.
STEP 1: INITIAL CALL & QUALIFICATION
A discussion to get to know the potential franchisee.
We will help understand and clarify potential franchisees goals and also determine if his/hers circumstances meet the requirements to purchase a franchise.
Part of the initial call, a determination of the financial status: ability to gather initial franchise fee and operating expenses(including living expenses).
Could include the following; Liquid Capital, Net Worth, Timeline, Licenses or Certifications.
STEP 2: SECOND CALL & PRESENTATION
This is an conference call or online meeting in which we will discuss each opportunity in greater detail and provide detailed information regarding each franchise.
This information includes, franchise URL, marketing information and costs.
Also, we will discuss any “perks” associated with the franchise, such as discounts, financing or favorable terms.
STEP 3: INTRODUCTIONS
Once we have determined that our opportunity appeals to potential franchisee, we will coordinate an introduction call with the franchisor.
This is so you can gather additional information and ask specific questions.
We will set-up the conference call and facilitate the introductions.
We ask the potential franchisee to prepare for the call (at this step we may provide a questionnaire).
STEP 4: DOCUMENT REVIEW
Each franchisor is required by the Federal Trade Commission to disclose the details of their offering to prospective candidates.
We will provide assistance to review the Franchise Disclosure Document (FDD) together.
There are twenty-three separate items and additional attachments contained in the FDD.
They include: Financial Performance Representations, Financial Statements and the Franchise Agreement.
STEP 3: INTRODUCTIONS
Once we have determined that our opportunity appeals to potential franchisee, we will coordinate an introduction call with the franchisor.
This is so you can gather additional information and ask specific questions.
We will set-up the conference call and facilitate the introductions.
We ask the potential franchisee to prepare for the call (at this step we may provide a questionnaire).
STEP 4: DOCUMENT REVIEW
Each franchisor is required by the Federal Trade Commission to disclose the details of their offering to prospective candidates.
We will provide assistance to review the Franchise Disclosure Document (FDD) together.
There are twenty-three separate items and additional attachments contained in the FDD.
They include: Financial Performance Representations, Financial Statements and the Franchise Agreement.
STEP 5: VALIDATION CALLS
At this step, you will be contacting existing franchisees to validate their experiences with the franchise.
A list of existing and former franchisees are located in the FDD.
These conversations afford you the opportunity to get information, “straight from the source.”
You will be able get answers to your questions in greater detail.
To use as a guide, we provide a validation questionnaire and an editable proforma worksheet.
We also review the protocol for contacting the owners.
Each validation call should take approximately 15-30 minutes.
STEP 5: VALIDATION CALLS
At this step, you will be contacting existing franchisees to validate their experiences with the franchise.
A list of existing and former franchisees are located in the FDD.
These conversations afford you the opportunity to get information, “straight from the source.”
You will be able get answers to your questions in greater detail.
To use as a guide, we provide a validation questionnaire and an editable proforma worksheet.
We also review the protocol for contacting the owners.
Each validation call should take approximately 15-30 minutes.
STEP 6: AGREEMENT
After you determined to buy the franchise, you will need to finalize the franchise agreement and any additional legal documents regarding the purchase.
We will provide you with professional franchise attorney referrals to assist you with preparing the agreement to the terms agreed upon between you and the franchisor.
Additionally, if your franchise requires a physical location, the attorney can also review the commercial lease terms.
STEP 7: PURCHASE
Once you have signed the franchise agreement, you will need to make the payment to purchase.
We will coordinate your payment details with the franchisor, making sure your funds are received by the franchisor.
This will ensure you a fast-start for receiving your operations manual and establishing your training schedule.
Also at this time, you will need to formally establish your business.
We will provide you with referrals to help you set up your business entity.
These include resources that will help you establish your Employer Identification Number, set up your corporate business accounts, obtain business licenses and acquire insurance.
STEP 6: AGREEMENT
After you determined to buy the franchise, you will need to finalize the franchise agreement and any additional legal documents regarding the purchase.
We will provide you with professional franchise attorney referrals to assist you with preparing the agreement to the terms agreed upon between you and the franchisor.
Additionally, if your franchise requires a physical location, the attorney can also review the commercial lease terms.
STEP 7: PURCHASE
Once you have signed the franchise agreement, you will need to make the payment to purchase.
We will coordinate your payment details with the franchisor, making sure your funds are received by the franchisor.
This will ensure you a fast-start for receiving your operations manual and establishing your training schedule.
Also at this time, you will need to formally establish your business.
We will provide you with referrals to help you set up your business entity.
These include resources that will help you establish your Employer Identification Number, set up your corporate business accounts, obtain business licenses and acquire insurance.
STEP 8: GRAND OPENING
Once you have completed training and your store is built, if applicable, you will have a Grand Opening.
This event is where the franchisor launches a local marketing campaign to promote your new business.
This will help generate “buzz” about your new business, and will help attract new customers.
STEP 8: GRAND OPENING
Once you have completed training and your store is built, if applicable, you will have a Grand Opening.
This event is where the franchisor launches a local marketing campaign to promote your new business.
This will help generate “buzz” about your new business, and will help attract new customers.
NEXT STEPS
Becoming an owner of a Colombian Coffee House can be fulfilling both financially and personally.
Whether you are ready to get started or have further questions, please get in contact.
We look forward to discussing the franchise process with you and are excited to expand our brand with the right partners.
NEXT STEPS
Becoming an owner of a Colombian Coffee House can be fulfilling both financially and personally.
Whether you are ready to get started or have further questions, please get in contact.
We look forward to discussing the franchise process with you and are excited to expand our brand with the right partners.
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