Last week, we looked at what the Canadian Franchise Association (CFA) recommends franchisors include in their Franchise Disclosure Documents. This week, we will discuss how to read one of these documents, which are brimming with useful information for prospective franchisees. The Franchisor, its Predecessor, and its Affiliates This is an overview of the brand’s history, [...]
Before you buy a franchise, it’s important to research different systems to see which brands best align with your goals, attributes, capabilities, and assets. As you work through this research phase, you’ll have to synthesize information from a number of different sources: active franchisees, franchisor websites, franchise advisers, and even the dreaded Franchise Disclosure Document (FDD). [...]
Finding franchise opportunities isn’t easy on your own. It’s hard enough to find reliable information about the franchisor you’re researching given that most do their best to present their brand in the best possible light; but making sense of financial statements and Franchise Disclosure Documents (FDDs) is even tougher. Navigating legal and financial documents is a [...]