Starting your own franchise can be intimidating for a number of reasons, but one of the biggest perks that franchisees get to enjoy when investing in a business, is the fact that it is already established and likely, a reputable company. However, just like any ordinary job interview, when you’re preparing to speak with your potential franchisor to learn more about the opportunity and the company itself, there a number of questions you should ask to really determine whether it is a good fit for you. Here are some important Questions to Ask Your Potential Franchisor. And assuming you’re interested in the possibility of owning a Weed Man franchise, we’ve even given you some answers to a number of frequently asked questions!
Why should I invest in a franchise in _______________?
Weed Man was recently named One of the Best Franchises to Buy by Forbes magazine. Aside from our great reputation in the industry, Weed Man also offers:
- An impressive customer retention rate of approximately 75-80%
- Recurring revenues
- In-depth business planning to help keep your business current, within budget and on track for long-term success
- National buying power
- Cross-marketing opportunities that can help existing companies bring new customers through the door
- Proven systems that help increase efficiency and profitability
- Comprehensive, ongoing training
- Unparalleled support, provided by sub-franchisors across the country, as well as our corporate team
- Advanced marketing systems that have been proven to work
- High profit margins and asset-building to help you secure your future and retirement
- And so much more!
What are the capital requirements to become a _________________ franchisee?
Capital requirements are different depending on the business, the industry and what the initial franchising fee includes, but at Weed Man, it is as follows:
Single Territory (Population up to 150,000)
|Double Territory (Population up to 300,000)|
Franchise Fee: $20,000
|Franchise Fee: 33,750|
Initial Investment: $43,700
Initial Investment: $58,540
|Capital Investment: $103,700||
Capital Investment: $118,450
What is included in my initial franchising fee?
At Weed Man, your investment includes the following:
|Initial Training||Exclusive Computer System|
|Trained in all aspects of the business||State-of-the-art system|
|Administration||Developed especially for Weed Man|
|Computer||Integral part of the Weed Man organization|
Additional fees include: royalties and contribution to Weed Man’s advertising fund, which provides national buying and brand awareness.
How do you royalty fees work?
At Weed Man, we offer franchisees a declining royalty structure, so you get rewarded for growing your business.
What is your training program like?
Weed Man’s initial training session is spread over a 10-day period, covering all of the essential topics to help steer you and your new business in the direction of success. From your initial training to ongoing seminars, to the constant support of your franchisor, you’re never alone! The Weed Man family goes above and beyond to make sure that you’re thoroughly trained and primed for success.
Do our values and culture align?
At Weed Man, we do our due diligence in finding new franchisees and we suggest that you do the same. Your initial consultation is only the beginning. Prepare yourself for a number of phone calls and meetings prior to becoming a Weed Man franchisee. We like to take the time to really determine whether the opportunity is a good fit for both parties.
Do you provide grand opening support?
We help provide you and your new business with all of the support needed, especially in your first months. Our public relations agency will do their best to secure local media to attend your grand opening.
How long have you been franchising your company?
Weed Man has been in business for over 45 years, opening our first location in 1970. Weed Man started franchising six years later, in 1976. Currently sold out in Canada, Weed Man has seen rapid growth across the U.S. since 2000.
Some other questions you may want to ask your potential franchisor:
Can I speak with some existing franchisees before I make a decision?
Do you offer assistance with financing?
What territories are open in my area?
For how long is the franchise granted and what happens at the end of that period?
What happens if I decide the business isn’t for me, once the contract has been signed?
Are franchisees experiencing success with your model?
What support do you offer beyond the initial training?
What are the profitability and cash flow projections for my market?
What kind of marketing support do you provide?
Why should I choose your business to franchise?
How do you resolve disagreements or disputes?
If you are interested in learning more about the Weed Man opportunity, please visit us online at www.weedmanfranchise.com or call 1-888-321-9333.