How Long Does It Take to Start a Franchise?
Written by Joel Libava Article from the Small Business Administration Purchasing a franchise involves many steps — and a lot of time and effort. But, if you’re organized, and you’ve taken the time to learn all you can about franchising, you’ll be able to speed up the process. Purchasing Steps: 1. The Search Typically, you’ll visit several different franchise opportunity websites until you narrow it down to a few franchises that look interesting. Here are three things you should be looking for in a franchise. 2. Contacting A Franchisor This step is a big one, because it involves formally requesting information about a specific franchise. Expect to get a phone call from a franchise salesperson. 3. Research This step involves reading the Franchise Disclosure Document (FDD) and calling franchisees so you can request earnings information, as well as conducting other basic market research. If you’re still interested, you may be invited to visit franchise he...