Do Your Research When Investing in a Franchise | VetFran

You’ve decided to take the leap and invest in a franchise as your next move after a military career. What now?

The next step in the process is a whole lot of research!

You need to ensure that you’re finding the best franchising opportunity for your personal needs. So, when deciding what franchise you should invest in for your future, research is key.

Our team at VetFran wants to share some tips on where to start.

Knowledge Is Power

One of the first places you want to go for research are the franchise organizations themselves. The franchise development arms of most franchise organizations are ready and willing to provide you with a plethora of resources designed to help you choose whether to franchise with them.

These resources should include:

• Franchisee testimonials or referrals
• Information about the industry
• Franchise brochures
• Franchise disclosure document

Outside of the franchise development specialist at each individual company, you might also want to speak with a franchise broker. While the franchise representative can give you information about the franchise, the franchise broker can help you through the actual process of investing in a franchise.

Finally, don’t forget to look at trade shows and conferences as another source of knowledge for franchising. Attending a conference can help to give you a better understanding of all aspects of franchising, including:

• Industry trends
• Contract provisions
• Veterans’ franchise programs
• Financing

Participating in an event can help you gain information about various franchises all at once so that you can get a better understanding of the industries you like and don’t like. This can help you save valuable time in the long run.

You don’t have to go about finding a franchise on your own. Our team at VetFran is here to help you every step of the way! Contact us today to get started.