The first step is to fill out an information form. Once that has been submitted, we will contact you to begin the journey.
We gather the necessary information to determine what your capabilities are and which business models will be a good match for you. Our first objective is to understand who you are (e.g. what are your past skills, what type of lifestyle you desire, and your overall goals). Our consultation services cost you nothing as we are retained by the franchise companies to present candidates who possess the necessary qualifications to be successful.
We will introduce you to the respective Franchisors. You will gain valuable knowledge on each of these great business models. Keep an open mind, evaluate all the business models, compare and contrast them, and be careful not to discount a business until you have all the information. Learning the numbers and examining the operation of a business is likely to reveal some impressive potential that you may at first overlook.
Once you have received an FDD from a franchisor, you will need to thoroughly examine the contents. The franchisor will readily assist you in finding the answers to any questions.
The FDD will also contain a list of franchisees and contact information. It is highly recommended to call the franchisees. We will supply you a list of questions to assist in this process. This is a great opportunity to learn valuable information from those with the experience, and to validate the franchise business.
We cannot overemphasize the importance of consulting with a competent attorney and accountant before purchasing any business. If you don't already have these professionals in place, we can make recommendations.
Most franchisors have a Discovery Day where they invite prospective franchise partners to visit a specific franchise location or the home office. You will not only get crucial information to assist in making your decision, but will get to meet the staff that will be supporting you in the operation of your franchise business.
Once you have gone through all the previous steps, it is time for you to make a decision. Should you choose to own a franchise, you can be confident that you have taken the necessary steps towards controlling your own life, by owning your own business!
This website, and the information contained herein do not constitute the offer or sale of a franchise. There are certain states that require the registration of the companies' Franchise Disclosure Document (FDD) before the franchisor can advertise or offer the franchise in that state. The franchises listed on our website may not be registered in all registration states and may not offer franchises to residents of those states or to persons wishing to locate a franchise in those states. The offer and sale of a franchise can only be made through the delivery and receipt of an FDD.
Summit Franchise Advisors is not an agent, employee, representative, or other functionary of the seller of the respective franchises introduced to you.
Summit Franchise Advisors is an Independent Contractor, engaged in the activity of introducing prospective business buyers to sellers of franchises.
Summit Franchise Advisors is paid a finder's fee or commission by the seller if you elect to purchase a business from a company that was introduced to you by us.
Summit Franchise Advisors has not checked the accuracy of the written or web site information provided by the seller, and assumes no responsibility for the acts, errors, or omissions of the seller, or the outcome of any transaction.
The Federal Trade Commission regulates the sale of franchises. The FTC has a very user friendly web site, www.FTC.gov. We suggest you use it.
Your state may also have laws regarding franchises. Ask your state consumer affairs agencies about them.
The Better Business Bureau is another excellent information source for potential franchise buyers. www.BBB.org will put you in instant touch with both local and national offices.