How The Process Works

As the saying goes, the longest journey begins with the first step. The same can be said of the franchise selection process. Best Franchise Solutions, LLC wants our clients to know what to expect and how our proven process works.

Following is our step by step actions, remember it all begins with the first step, which is...

1. Contact Us

There is no substitute for action so jump in to the first step of your journey. This web site has contact information via email, fax or telephone. Please know that your information will be kept confidential.

2. First Telephone Appointment

We will contact you to set up an appointment. This will be an exploratory appointment for both parties. Please feel free to ask us any questions on your mind and please be open to discussions that will assist us in the search process. We want to know as much about our clients as necessary to provide excellent results. To accomplish this we will discuss a variety of topics and clearly lay out the expectations. We will end the appointment with some questionnaires that should be completed thoroughly and quickly.

This all works to keep the process in constant motion while allowing optimal transfer of information on both sides. This is an important appointment and is necessary for both parties to be comfortable with each other as we move forward.

3. Second Telephone Appointment

In this appointment we will discuss the information we gathered from our first appointment along with the information provided through the questionnaires. We will explore various areas of interest, concern and begin to fully assess our client's goals and desires. This is a critical step in the process and is necessary to make certain that all procedures and expectations are laid out and agreed upon and like each step in this process it sets up the next step. This one belongs to us.

4. Research

We now take the information we have gathered from the client and research available franchises and match them with the goals and needs. There are more than 3,000 franchises so our goal is to narrow that down to 4 or 5 franchise opportunities that best reflect the client's requirements. This will set us up for the next step. Again, the process works best when we have momentum on our side.

5. Presentation

We present 4 or 5 opportunities to you by telephone. We will have a document to email to you on the call so we can cover each opportunity in depth. This meeting will be lengthy, but it is critical that we cover all areas thoroughly. Our goal is to accomplish at least 2 things: First, please be vocal about the presented opportunity(ies) that most interest you. And second, this step will allow us to clarify goals and needs. It may even suggest that we go back and research again. That is part of the process and may be repeated. As clients become educated about franchise opportunities their tastes, passions and goals may change. It is important that our communication is direct and focused so we present the best opportunities to our clients.

When we have narrowed in on the selected opportunities we will then move to the next step. Again, the process needs to keep moving so we will provide contact information to the franchise opportunities and their representatives. This will all assist in moving us to the next step.

6. Introduction to the Franchiser

For each opportunity that interests our client we will arrange a conference call introduction with the Franchiser's agent. Our client's typically express their wish for "Best Franchise Solutions, LLC" to be included in this call, we are pleased to be part of this contact and believe it is vital in the process. After the call, presuming the client is interested in going forward, the franchiser will send out materials to help the client become more familiar with them. They will also send their Franchise Disclosure Document (FDD). This is a disclosure document required for their franchise opportunity. Typically the FDD will have about 20-23 points. As with the conference call introduction, "Best Franchise Solutions, LLC" is willing and available to go over this document with the client. This document must be thoroughly reviewed and understood by the client before proceeding. It is a cornerstone document that every franchiser must supply. It is often best for the client to receive the FDD, review it on their own, make notes and write out questions. Then a thorough discussion with the "Best Franchise Solutions, LLC" Consultant should help with understanding the terms and expectations.

7. Call Franchisees

One of the distinct advantages of purchasing a franchise is the ability to speak with existing franchise owners. This is often referred to as the 'validation process'. It would certainly be considered part of the Due Diligence process the client would undertake. The Franchiser will supply the interested buyer with a list of franchisees and their contact information. The client is free to contact as many as they choose and ask whatever they like. Of course, level of success is a critical piece so this should be established. Before the client begins to contact franchisees, we will supply a list of questions to help the client with their validation process and perhaps stimulate other questions as well.

8. Account and Attorney Consultation

"Best Franchise Solutions, LLC" suggests that a client ALWAYS meet with their attorney and accountant before making a final decision. It is important that both have a solid understanding of franchising. This should make their research and time most effective and efficient. We offer our availability to answer basic questions that may assist the attorney and accountant.

9. Discovery Day

Most franchisers have what is called a "Discovery Day". This is where they will invite the client to their location. This is helpful for the client to get crucial information, meet staff and have remaining questions answered by the people the client will be working with directly for support and training.

10. Decision Time (or as they say in
      football—Gut Check Time!)

At this point the client has taken all the appropriate steps up to get to the front door. Now the client must open the door and step inside. Presuming our clients have gotten to this step, we must presume the client is ready to go. Congratulations, you have decided to purchase your first franchise opportunity. In the industry this is sometimes referred to as a "frantrepreneur", a cross between a traditional entrepreneur and a modern franchise owner. We recognize the client as one that wants to own a business but does not want to be recreate the wheel.

Congratulations Mr/Ms Franchise Owner!