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2. Let’s first understand what it takes to be a Great Franchise System

MSA Worldwide

Five Attributes of Great Franchise Systems In our previous article we discussed how to become a franchisor, all that’s required is a Franchise Disclosure Document and someone willing to invest in your opportunity. This article, second in this series, examines the five attributes of great franchise systems.

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Expert Franchise Guidance For Strategic Growth

FMS Franchise

They assess how effectively your business processes can be documented, replicated, and taught to others who may lack your specific industry experience. Consultants also identify your unique selling proposition and competitive advantages that will attract potential franchisees and customers in various markets.

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MSA Worldwide’s response to the FTC’s Request for Information on franchise agreements & franchise business practices

MSA Worldwide

The Regulatory Landscape With its adoption of 16 CFR Part 436 (the Federal Trade Commission’s Franchise Rule), the Commission has played an integral and beneficial part in franchising by mandating that franchisors prepare and present to prospective franchisees a prescribed disclosure document (the Franchise Disclosure Document).

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How Long Does it Take to Franchise Your Business?

MSA Worldwide

Depending on where you are located and the markets in which you plan to offer franchises, if you need to register your franchise in one of those states with the state franchise regulator, plan on an additional month. Expect up to 450-510 days before your first franchise is open for business and starts to pay you royalties.

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Top Ten Reasons to Invest in a Franchise

MSA Worldwide

One of the benefits of franchising and pre-sale disclosure is that you can determine in advance what you are getting before you make the investment. Based on the experience of the franchisor and with their support, franchisees can develop professional business plans for leasing companies and other lenders.

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Default and Termination in a Franchise System

MSA Worldwide

This does not lessen in any way the requirement that they meet their obligations under the franchise agreement. Let’s start with the basic notion that there would not be a noncompliant franchisee if the franchisor had not allowed that person to join the system in the first place. What were the initial expectations?