5 Things to Do Before Buying a Franchise
Deciding to get your paws wet and begin a new business endeavor can be difficult, and even overwhelming at times. It’s true that there are a lot of factors that go into selecting a franchise opportunity, but that shouldn’t deter you from taking a chance on joining a new Pack! If you’re considering purchasing a franchise in the near future, here are a few important things to check off your to-do list before sitting down to sign that agreement.
1. Identify your passion.
Being business minded is the first step, but using your expertise to make your true passions thrive is the second. If you don’t believe in your business’s underlying morals, values and mission, it will be much more difficult for you to succeed. Take our franchise owners for example; what’s one thing they all have in common? They must love dogs!
2. Do a fair amount of industry research.
What does the industry you’re considering entering currently look like? What are its projections for current and future years? In our case, the $60 billion pet care industry is booming, with nearly half of all American households calling a furry friend part of the family.
3. Look into new franchisee requirements.
Sure, the business’s franchising website is a great place to start, but don’t let your research end there. Get in touch with corporate and request an executive summary to find out specific eligibility and financial requirements for new franchisees.
4. Speak with current franchise owners.
The best way to find out if a franchise is a good fit for you is by speaking with those that are already immersed in the company culture. Attend networking events, reach out directly and don’t forget to take a stroll into your local franchise as well. When it comes to Camp Bow Wow, with more than 130 franchise locations, there’s bound to be a Camp nearby. And trust us – our franchise owners have a lot to say!
5. See what current customers are saying.
Don’t forget to let the opinions your potential future customers weigh in on your decision as well. After all, at the end of the day, a business is only as successful as its customers allow it to be. Without a loyal customer base, even the best of business plans will have a hard time getting off the ground. Fortunately for our franchise owners, pet parents across the nation are wagging their tails in excitement to share their personal Camp stories.
Are you a dog-loving entrepreneur? If so, we’re waiting for you to mark your territory and set up Camp in one of our available markets today! Reach out at 1-877-700-2275 for more information or request a free executive summary below to learn how you can join the Camp Bow Wow Pack!