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starting a pretzel franchise process

3 Things to Consider Before Starting a Pretzel Franchise

Before starting a pretzel franchise, potential franchisees should take a few important points into consideration. Having the required capital and submitting all necessary paperwork are important, but do not guarantee that the franchise will do well. Pretzelmaker provides franchisees with a framework to run a smoothe operation, but potential franchisees should have a better-rounded idea of what running a franchise will entail than just what’s provided on paper. Real world research and a detailed assessment of expectations and requirements should be completed before moving forward with purchasing a Pretzelmaker franchise location.

Starting a Pretzel Franchise Process

  1. Perform a Due Diligence

Agreeing to starting a pretzel franchise is a huge undertaking. Potential franchisees should understand the business in depth before beginning the process of becoming a franchisee. 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. If potential franchisees haven’t worked in a similar industry, it may be helpful to shadow current franchisees in order to better understand daily operations.

  1. Evaluate Financial Statements

Individuals should have a good general idea of what the daily and weekly profits or losses will be prior to becoming a Pretzelmaker franchisee. Potential franchisees should consult Pretzelmaker franchise locations in the local area in order to compile a realistic assessment of these figures. 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.

  1. Review Franchise Disclosure Document

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. Franchise Disclosure Documents outline the conditions of the long-term relationship between the franchisor and the franchisee. Franchisees should agree completely with these terms before moving forward with franchising.

For more information on the process of starting a pretzel franchise, contact us today.