Questions Every First Time Franchise Owner Should Ask Themselves
The Blendz Franchise System was created with the first time franchise owner in mind. If you have never looked at owning your own franchise before, the questions below are designed to help you determine if you are ready to become a Blendz Franchise Owner.
- Who is going to operate your franchise?
- If you plan on running your franchise on a day to day basis, are you committed to this being your full-time job and your full-time income stream?
- If you intent on hiring a Manager, have you identified a manager that you are comfortable in having a legitimate stake in the success of your business?
- If you are currently employed and are planning on quitting so that you can operate your Blendz Franchise? If so, when are you planning on quitting your job?
- Where are you planning to get the money for the total development costs of your Blendz Franchise?
- Have you determined exactly how much of your own money you are willing to invest?
- Is the money you are going to invest available immediately?
- Do you have the adequate cash reserves for the start-up phase of your restaurant?
- Do you intend on partnering with anyone in the purchase of a Blendz Franchise?
- If so, have you defined exactly how much each partner will be contributing and what their roles will be?
- Do all partners agree on moving forward?
- Are all partners ready to contribute their portion of the investment?
- Have you discussed this opportunity with your family and does 100% of your family members support your decision to own and operate a Blendz Franchise?
- Do you fully understand the franchise agreement and are you ready to abide by all of the Blendz Franchise standards as set forth in the franchise agreement?
- Have you completely analyzed the Blendz model and do you feel that the Blendz brand meets your personal criteria and business objectives as a brand?
We hope that this list of questions will help you address the most important issues that you will need to clarify before realizing your dream of owning a Blendz Franchise. We are here to help you every step of the way and can help address many of the above issues and answer as many of your questions as possible. Since many of the above issues carry a different weight with each individual, we encourage you to address each of them as it relates to your personal situation.
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