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A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand's trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
The initial franchise application process is a screening mechanism by which franchisors begin to determine your interest and qualifications. Today, it is common to find initial franchise application forms on franchisors' websites - but most will be happy to send you one as well.
Respected Sir / Madam: It is with great interest that I am writing this letter to apply as a franchisee of the [Name of the franchise] franchise. I have performed brief research about your business and find it suitable for my financial ability and business philosophy.
How to buy a franchise, step by step Be sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your \u201cdiscovery day\u201d meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.