: You can use the uniform franchise offering circular template to find out which potential franchise buyers are serious about the relationship.
By Fran
Filed under Franchise Articles
The uniform franchise offering circular template is a document that will take raw recruit franchise buyers and turn them into franchising experts. Another term for the uniform franchise offering circular template is the franchise disclosure document. That is an on target name for it because disclosure is the name of the game at this early stage of the franchising process.
It is easy to be alarmed at the sheer bulk that the uniform franchise offering circular template will reach. It is wise not to try to cut corners on this crucial step in turning your franchise relationship with that buyer into a reality. Until the uniform franchise offering circular template is delivered, the discussions with the potential franchise buyer are little more than a flirtation. The moment you deliver the uniform franchise offering circular template, things start to get serious.
There is no reason to make the uniform franchise offering circular template a walk in the park for your future franchise buyers to handle.
The franchise relationship is not for sissies. When you and that new franchise owner sit down to sign that franchise agreement, some serious money and commitment of time, energy and resources go on the line. If you are willing to let your hard earned good name of your company go flying out the door to franchise owners, you want to be sure they have the stuff to make that franchise work.
The least that new franchise owner can do is to wade through that long and involved uniform franchise offering circular template. It is not busy work because that one document represents the A-Z guide to just about everything the franchise owner must know before making a commitment to take on the big job of building and running one of your franchises. All totaled, there are 23 different categories of disclosure information that spell out in detail to the franchise owner anything they could care to know and then some about your company, the history of your success before and after launching and what they will be required to do every step of the way.
If anything, it is in the best interest of your grand plans for a franchising empire to pack as much information into the uniform franchise offering circular template as you can. Naturally you should write this monster document in understandable language that anyone can understand. In fact, you are required by franchise law to make it a document that you don’t have to have a PHD in law to grasp.
But that doesn’t mean you dumb it down. So what if it is a challenge to get through the uniform franchise offering circular template for your company? It won’t be the last challenge your franchise owners will face. This is a good way to sift out the ones who can’t cut the mustard before legally binding documents get sealed in stone.