Are You Ready to Meet the Franchisor? | VetFran

Now that you have narrowed down your list of potential franchises you want to invest in for your career after the military, it is now time to conquer the interview.

Our team at VetFran wants you to do your best, which is why we have put together a list of tips on how you can navigate the franchise interview in order to gain all the information you need to make the best decision possible in the end.

The Relationship Begins

The franchisee-franchisor relationship doesn’t begin when you sign on the dotted line. The relationship actually begins with the interview. During the interview, you can see (or should we say feel) if the vibe is right between you and the franchise/franchisor.

During the initial interview, you first want to make sure you are asking all the right questions in order to gain deeper insight into the franchise you are potentially going to be investing in that you couldn’t learn from research alone.

Ask the Right Questions

While money isn’t everything, it is important. Therefore you want to make sure to ask the franchisor about revenue projections.

However, it is important to remember that there isn’t just one answer they can give you, as results can very based on a number of variables, including location and the economy. However, you can ask for a rough estimate, or you can ask for your chance to gather the information from other franchisees.

Also, it is important to remember that the first year you will probably not make much, as most of the profits will be going back into the business—as is the case with most businesses in their first year.

In addition to revenue, you also want to make sure you touch on expenses. You can also see if the franchisor is offering any financial incentives or deals or can help with financing.

You also want to see whether you and your potential franchisor can communicate in an effective way. Although you want everything to stay in the positive, there might be times when disputes or disagreements occur, which happens in any relationship over time.

If this does occur, will you and the franchisor be able to handle the dispute on your own? Will lawyers have to be involved any time a disagreement occurs? You want to ensure you and the franchisor are able to handle the bad times just as smoothly as the great times within the franchise relationship!

Are you ready to find the franchise of your dreams? Our team at VetFran is here to help you every step of the way! Contact us today.