October 25, 2019
What does it take to invest in a commercial cleaning franchise? What training will I experience to prepare me fully? What has the performance of this brand looked like in the past?
If you’ve read through our website’s resources and pages of information, but you’re still asking questions, the Franchise Disclosure Document (FDD) might have the answers you need. Reviewing the FDD takes place during the initial stages of the onboarding process and is critical to formulating a complete understanding of your new business. Let’s take a quick look at what you can expect to find in an FDD and why you should take advantage of the opportunity to review it thoroughly.
The FDD is, quite simply, a legal document that gives a potential investor information pre-sale that they would not be able to acquire elsewhere. There are a total of 23 sections that are identified as ‘Items’ inside this legal document, so you can certainly expect a detailed examination of the franchisor. This document is fantastic for investors who want to learn more about their role in the franchisee/franchisor relationship.
Learn about the Franchisor
Part of building a healthy business relationship is establishing full transparency between all of the parties involved — a tone that we clearly establish in the first Items of the FDD. Here, an inquisitive prospective franchisee can learn all about the franchisor’s parents, predecessors, and affiliates. In addition to that information, the franchisee will also have a chance to learn about specific members of the franchisor’s team and get some insight into their backgrounds.
Initial and Additional Fees
Want to make sure that you’re getting the most bang for your buck when it comes to your overall franchise investment? We can’t blame investors for wanting every tidbit of information on the commercial cleaning franchise cost. That’s why there are portions of the Image One FDD that fully identify investment costs and due dates of payments. This includes your initial investment as well as your ongoing fees.
Training and Support Discovery
When you invest in a commercial cleaning franchise with Image One, we reciprocate that commitment with extensive training and support. Investors who like to know all the details surrounding our training and support modules can learn about our program in the FDD. This Item of the FDD gives incredible detail on how we keep tabs with our franchisees and what we do to build them into well-prepared business owners.
The Franchisor’s Performance
If you want information about the potential return for your financial investment, there is no greater insight into the performance of your franchisor than Item 19. Here you can learn about the progression of your potential franchisor’s units, and possibly even further understand the overall commercial cleaning franchise cost. If you have any questions about these evaluations and the numbers you’re presented with, we highly encourage you to be open with questions with your franchisor. Get a leg up on your unexperienced local competition and start your business on the same page with your franchisor.