PRESENTATION OUTLINE
3 Things to Consider Before Starting a Pretzel Franchise
Before starting a pretzel franchise, potential franchisees should take a few important points into consideration. Real world research and detailed expectations and requirements should be completed before moving forward with purchasing a Pretzelmaker franchise location.
Topics of Discussion
- Perform a Due Diligence
- Evaluate Financial Statements
- Review Franchise Disclosure Document
1. Agreeing to run a Pretzelmaker franchise is a huge undertaking. In order to fully understand what running the business will entail, potential franchisees can acquire information from other franchisees and the company website. Making sure that the business hours and models are in line with personal goals and preferences is critical.
Franchisees that have to make extreme lifestyle changes in order to accommodate business needs are less likely to keep up than those that already operate under similar hours and conditions. Franchise owners that have previously worked in a similar industry may find the experience valuable when running the location.
2. Individuals should have a good general idea of what the daily and weekly profits or losses will be prior to becoming a Pretzelmaker franchisee. Rather than basing expectations directly off of statements from other franchise locations, potential Pretzelmaker franchisees should compare these statements line by line with expected location costs such as space rental fees and equipment costs. This will provide a well-rounded financial assessment to help potential franchisees to generate realistic expectations.
3. Franchise Disclosure Documents can be intimidating and can outline terms that potential franchisees may not be prepared for. Potential franchisees may work with Regional Development Managers to ensure that everything that is outlined in the Franchise Disclosure Document is understood. Franchisees should agree completely with the conditions and terms detailed in the document before moving forward with franchising.
Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.
