Here are some high points to hit in franchise disclosure documents
Becoming a franchisee can be a daunting challenge. The prospect of slogging through a franchise disclosure document, which all franchisors, including Tint World®, must provide prospective owners per Federal Trade Commission regulations doesn’t help matters much.
There is a lot of boilerplate, though, and some sections merit more scrutiny than others. Here’s a quick look at the most important sections of a financial disclosure document to consider should you decide to begin the process of becoming a franchisee of Tint World® or other business.
Royalties/Fees: This section stipulates exactly what fees franchisees will need to pay. Digest this section carefully, as you will be responsible for paying these fees should you become an owner.
Initial investment: Just like the fees section, this is especially important. FDDs need to provide a high and low end of how much franchisees will need to provide up front and how much working capital will be needed.
Territory: You need to pay careful attention to this section, too, as the franchisor may – or may not – guarantee exclusive territory to a franchisee.
Sales: If there is no section on franchise profitability or expenses, request it, as it is not required for inclusion in an FDD.
Finances: Franchisors must provide three years of audited statements, including cash flow and balance and income reports.
Contracts: Any documents or agreements you will need to sign before finalizing your franchise agreement need to be included in the FDD.
Franchising can be a very profitable and rewarding endeavor. It can be complicated, however, and if you lack legal or business experience, you will likely want an attorney or accountant to walk you through the FDD and any other contractual items.
Download the Tint World® franchise kit if you are interested in pursuing a deal with one of the largest tinting, after-market and car accessories franchises in the country.
Our extensive franchisee support processes set us apart
“If you can dream it, you can achieve it.”
This is the message we want to convey to our owners, and it’s appropriate this quote is attributed to Walt Disney. Our upcoming February conference in Orlando at the Swan/Dolphin Hotel will outline the many ways Tint World® corporate can help our franchisees achieve their dreams of business success.
As always, this year’s conference will include a host of training programs and seminars for our owners, who are the backbone of our franchise success.
Here is a quick look at ways Tint World® helps our owners:
A commitment to constant support and communication with our franchisees. If you need to pick up the phone, for whatever reason, we’ll always answer.
We will help you identify and assess the best potential site for your franchise location.
We provide constant business and operational support, as well as store-specific marketing and promotional materials.
Tint World® owners enjoy national online marketing, social media, and public relations efforts, as well as ongoing search-engine optimization benefits to ensure their store is top of mind for customers.
Our buying power and scale allows our franchisees to obtain products and merchandise at drastically lower prices that provide an instant boost to your gross margins.
Our corporate-level relationships with respected international brands ensures owners have access to the most cutting-edge products, technologies and services.
Tint World® franchisees undergo extensive training at our Florida headquarters before opening their stores. An experienced member of our operations staff will work with you prior to, during, and after your opening.
“If you can dream it, you can achieve it.” Are you ready to fly to new heights with a Tint World® franchise? Download our Tint World® franchise kit today.