Our Franchising process goes 1,2,3...

The steps that needs to be followed during the franchising process is user friendly and  take place in a chronological order. The reason for this is to ensure, that both parties obtain the right information from the beginning and do not jump straight into the agreements. Both parties need to basically build a relationship before the actual documents is signed. 

Steps:

• You will submit your interest in our business opportunity via our site and/or contact us.

• We will then supply you with a short questionnaire via fax or email.

• On receipt of the questionnaire you will receive brochures and other materials pertaining to our business.

• We will also request to meet you, once you've received our point of sale.

• You will then proceed based on the outcome of that exchange of information.

• The next step will be your evaluation of the Company's Uniform Offering.

• If we are in mutual agreement, you will need to arrange for finance.

• Finally, documents to be concluded.

Most likely, when you set out to buy a business you will need a loan. To get a business loan, you will also need a business plan. A franchise, however, is slightly different from writing one for your own new business startup.

Not only do you have to detail your strategy and projections but also the reasons why you are qualified to run your own company.  

Please take note that submitting an application does not obligate applicants or Thatch Reed Ceilings in any way. It is simply the first step in a process that is designed to make sure both parties will be happy joining forces through a franchise agreement.  

There is no binding obligation on either side until such time as the documentation is signed and executed by both parties.

What is a Franchise all about

It is a type of business in which an individual receives a license from a company to conduct a commercial enterprise. Corporate franchises enable a potential buyer to market a well-known product or service in return for an initial fee and a percentage of gross receipts. The supplier then provides assistance with merchandising and advertising.

In business, a relationship between a manufacturer and a retailer in which the manufacturer provides the product, sales techniques, and other kinds of managerial assistance, and the retailer promises to market the manufacturer's product rather than that of competitors.

Think of it this way. You are paying someone for his or her business strategy, marketing strategy, operations strategy, and the use of his or her name. That's pretty much what it is -- you are establishing a relationship with a successful business so you can use its systems and capitalize on its existing brand awareness in order to get a quicker return on your own investment.

The parties involved typically enter an agreement. This is a legal document whereby someone with a good idea for a business, sells the rights to use the business name and sell a product or service to someone else, in a given territory. This document is usually arranged by a contract.

The legal document will specify the given territory that the franchisee can use, as well as the extent to which he will  be supported by the franchisor, such as through training and marketing campaigns.