FRANCHISEE TEST

Still thinking about buying a Franchise? Here are some steps to follow…

  • Complete the Royal Bank’s Franchise Assessment Tool
  • Read the Canadian Franchise Associations Disclosure Document Guide
  • Call all existing Franchisee’s and ask any questions you may have and see if they are happy, ask for a face to face meeting to see their location
  • Ask how many Franchises have closed since inception. Make sure that all past Franchisee’s are on the list – not just in the past year
  • Call all past Franchisee’s and find out why they are no longer in the program
  • Ask how many Franchise’s have re-sold in the past 5 years and contact past owners
  • Make sure that the Financial Statements are Audited – not Notice to Reader or Review Engagement – there is a difference
  • Pay particular attention to your ability to sell your Franchise
  • Pay particular attention to renewal terms and territory obligations
  • Pay attention to the term of the Franchise Agreement to the term of your lease, they should match if possible
  • Is your Franchisor on the Head Lease (skin in the game) and subleases to you or are you on the Head Lease? If not on Head Lease ask why?
  • If your Franchisor is in Litigation, find out all the details and talk to that Franchisee not just the Franchisor

If the Franchisor claims they have done their Due Diligence that does not mean that you don’t have to. On the contrary!  It is very important that YOU do all of your Due Diligence on the Franchise Program so that you are confident that you are making the right business decision.

What are people saying...

Tonya Bednarz
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I had been thinking of opening my own pottery painting studio for some time but I had no idea how or where to get started. When I found Ceramic Arts and read about the training they provide, I was more then excited! There is so much to learn but over the 2 days, Scott provides all the information you need to get started and feel confident in what you are doing. Ceramic Arts is a family owned and run company. When you're there for the training they really make you feel apart of the family too! The on going support is also fantastic, if I ever have any question's, Scott is able to answer it right away. I can honestly say my business would still be just a dream if it weren't for Scott and the Ceramic Arts team!
Paint Pottery
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My sister and I took the course last August, she was just there as my back up, she had never even painted any ceramics. Scott and his team walked us through several different areas from painting an item to building a website. This experience was invaluable and I would take the course again. If you are thinking or have already opened your own ceramic store, go and take the course.

What are people saying...

Creativity Cottage
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The team at Pottery Painting Canada made opening our own business an easy and successful venture. We continue to ask questions and they always respond quickly and with a high degree of professionalism. We appreciate having this connection. They go above and beyond to make sure we are happy and have everything we need. Highly recommended!
Heather Davis
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We knew we wanted to open our own business within the Arts and stumbled across this training. Of course, it is natural at first to be a bit pessimistic recognizing they are product distributors as well but Scott 100% made the difference in us realizing our dream. There are no obligations attached to the training but at the same time you will want to work with them as they have amazing resources, products and knowledge. The training is worth every penny and will create a connection that is absolutely needed to be successful. Thanks to everyone at Ceramic Arts for all your support, guidance and outstanding customer service. A rare find in the service industry these days.
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