fbpx

NOW LIVE: The latest episode of Smart Franchising with Fransmart is now live Aicha Bascaro. Listen now!

Why Franchise with Us

You may ask yourself, “Why should I franchise with Fransmart?” We give you the tools, the tactics, and a strong portfolio of brands when making your franchise investment.

How to Buy a Franchise

Fransmart’s proven 10 Steps to Franchise Ownership is the perfect how to guide for entrepreneurs looking to build wealth through franchising.

Franchise Investor Case Studies

Fransmart has decades of experience in pairing experienced franchisees and qualified entrepreneurs with successful franchise brands.

Coming soon

Become a Franchise Owner

Our portfolio of brands with leading concepts ripe for expansion and best-in-class unit economics.

Franchise Your Business

We are the global leader in franchise development and grow global brands better than any other franchise firm. Learn how to become one of our brands.

Capital Investments

We love investing in early stage brands! We are smart, strategic investors and are always looking for emerging, early stage brands to invest in.

Franchisee Resources

Want To Learn More About Franchising? Learn From The Experts At Fransmart. There’s no better collection of franchise resources and experts.

Apply to Franchise Your Business

We help our brands develop practical franchise development expansion plans with measurable results.

See All Franchise Opportunities

Our portfolio of brands with leading concepts ripe for expansion. Our brands have best-in-class unit economics and a large runway for growth.

About Us

We are proud to work with authentic brands who make people happy. We accelerate the growth of the brands that put smiles on people’s faces.

Services

With decades of franchising experience, our team of franchising experts excels at giving emerging brands the tools to become a profitable franchise.

Contact

Whether you’re playing the field or already have one of our brands in mind, we are ready to put you on the right path to building franchise wealth.

Franchisee Resources

Want To Learn More About Franchising? Learn From The Experts At Fransmart. There’s no better collection of franchise resources and experts.

Videos

Smart Franchising with Fransmart Video series, where you can get the latest in our thought leadership on all franchise-related topics.

Podcast

Dan Rowe, the founder and CEO of Fransmart, has grown brands to more than 100 locations. No one knows more about franchise growth than him.

See All Franchise Opportunities

Our portfolio of brands with leading concepts ripe for expansion. Our brands have best-in-class unit economics and a large runway for growth.

Top Questions You Need to Ask During the Franchise Validation Process

Aug 12, 2021

Congratulations! You think you have found the right franchise for you. Now it is time to take the steps necessary to start a franchising business. The following post will help you navigate the validation process for franchises. It is another way to ensure that your investment is a good fit. Find out everything you need to know about franchise validation and what questions they can answer.

Defining the Role of Franchise Validator

You will be able to meet with current franchisees during the franchise discovery process. Franchise validators are people you meet, and they are an essential part of franchising.

Legally, franchisors cannot answer specific questions, and the disclosure document may not address these specific questions. These questions often concern financial details. For current franchisees, no rules like these exist. Make sure you ask your validator regarding the franchising experience and, if necessary, the financial technicalities. Franchise validators will allow you to get a glimpse into the life of a franchisee.

Questions You Should Ask

Most likely, your calls for franchise validation (sometimes, multiple calls) will be with individuals familiar with the topic. The franchisor does business with them as they’re likely open-minded, successful, and friendly. So, don’t be afraid to ask questions! Ask all the questions you want, and it will help guide your final decision. They were there not that long ago, and they had many questions, too, before investing.

It is a great idea to be prepared to ask questions on your own to ensure you receive the correct information. Franchise validators could have many answers to your questions. These are the ones we found helpful to help you with the franchise validation journey:

  • Can you describe the relationship between franchisors and franchisees?
  • What length of time are you a franchisee?
  • Did you find a particular period that was the most difficult being a franchisee?
  • Which job experiences prepared you for owning a franchise?
  • What has changed in the role and responsibilities as an owner over time?
  • What are your responsibilities daily? What are your responsibilities?
  • Do you feel comfortable disclosing financial information regarding the franchise business?
  • What are the difficult moments of running a franchise?
  • Have you ever worked with franchisees from other regions or the system?
  • What financial data should you watch out for?
  • Are you achieving your sales goals consistently?
  • What is the marketing support like, and how much of it do you get?
  • What if your sales were consistent year after year? What about year-over-year?
  • How long did it take for your business to take off before you achieved your targets in terms of sales?
  • Would you consider franchising with the same brand if you had the chance to turn back time?
  • Do you know of any other information I should have?

Now it’s up to You

Are you up for starting a franchising business? Once you get answers to all of your questions, you’re ready to get going and be successful!

 

Your Franchise Journey Starts Here

Whether you’re just starting out or already know the right brand for you – you’ve come to the right place. Fransmart helps franchisees use the power of compounded returns to own and operate multiple franchise locations throughout your desired market to grow franchise wealth.