Find That Money © is the
world’s largest investment networking community. With over 25,000 investors and entrepreneurs, this is a company with strong interest in helping its members find exactly the business opportunity that they seek. With many investors expressing interest in franchises, it is important to make sure they have done the research necessary to guarantee their investment is a success. Find That Money © provides www.FindThatMoney.com which has a wealth of tools to make this success a possibility.
Before investing in a franchise, investors should contact their prospects in Find That Money © and make a list of potential aspects to consider in a potential franchise investment. These items include:
Compiling key franchisor information: It is necessary to compile all of the information that you obtain while you are in the decision-making process. This info will include promotional pieces distributed by your prospects, notes you might have taken while researching companies on Find That Money ©, copies of eMails from business prospects, any other info from your dealings with the franchisor and from the Uniform Franchise Offering Circular (UFOC).
The UFOC is a document that has a valuable collection of information for the serious investor. It contains an extensive written description of the company as well as including the investment opportunity, the fees and costs, the litigation and bankruptcy history of the franchisor and its officers, the trademark being licensed to you, any purchase requirements, an advertising program, and the contractual obligations of both parties.
There are also two other valuable pieces of info included: a sample copy of the franchise agreement and the franchisor's audited financial statements for the past three years.
Important Franchisee Information: No franchise research project would be complete without interviewing a good number of current franchise owners. As thorough as the UFOC appears and as glowing as the picture painted by the company may be, there is nothing in the research phase as valuable as meeting with current franchisees. You'll have to get in the car and put in some miles to get to their locations, but make the trip. Your money and your future deserve no less an effort.
Through Find That Money ©, you will be able to many owners so it is important to take careful notes of these conversations so you can review them later.
Government and Other Third-party Information: Once you have identified a potential franchise, it is important to check with the state
consumer or franchise regulators about any problems the franchise company might have such as investigations launched or complaints received. Fourteen states (CA, HI, IL, IN, MD, MI, MN, ND, NY, RI, SD, VA, WA, and WI) have regulatulations concerning the sale of franchises; if you live in one of them, you should contact the state for details. That agency will tell you if the seller has complied with the state's registration requirements.
In twenty-five states, business opportunity sales are regulated the government, usually either by the consumer protection division of the attorney general's office.
Advisors' recommendations and Comments: Many investors will use an accountant to review the UFOC and to help prepare a realistic financial projection for the franchise.
An attorney should also be contacted to offer advice about the franchise agreement and any other contracts you will be asked to sign. Additionally, you should discuss organizational options available to you for conducting business. If you want to form a corporation, a limited liability company, a partnership or a sole proprietorship, your will likely want to discuss these options with your attorney as well.
Find That Money © - helping you start the business you want
To get what you want, it is important to form a plan. This is especially true in the business world where due diligence can be a crucial factor in getting the franchise opportunity that you want. Find That Money © is the perfect location for finding the franchise opportunity that you seek.
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