The franchise validation step is one of the most important steps in the franchise selection process. This is when you’ll speak with current franchisees about the organization you’re interested in buying into. It’s important to have a list of questions to ask each franchisee you speak with. This will help you cross-compare answers.
Many times, current franchisees can give you more insight into business ownership than the franchise corporation can. Our franchise consultants can help you craft a list of questions to ask when you meet with these franchisees. You, as the prospective franchisee, will need to complete the franchise validation step on your own, but we’re always happy to review the info you receive to help you make the right decision.
If you’re in conversation with a franchisor who cannot provide a list of franchisees for you to talk to, consider this a red flag. This may mean that the franchise does not have franchisees willing to speak positively or openly on behalf of the franchise. When you work with Franocity, we’ll only recommend reputable business options for you to explore.
For questions about validation or any other step of the franchise selection process, feel free to reach out for a free franchise consultation.