The number one concern you’ll hear from franchisees are that a franchisor was misleading on royalties or there was a lack of support from the franchisor after the franchise unit is open.  First of all you should always have a franchise attorney look over the FDD and Franchise Agreement to make sure you fully understand what will be expected of you when sign on with a franchise.  These expectations will also include how much money you will have to pay back to the franchise development company. 

The second issue is how much support will  the franchisor give to you after your doors open.  I have spoken to quite a few franchisees in the fitness franchise world and many of them claim that after signing the franchise agreement and sending the check in to the franchise development company that the communication went silent.  Now sure the franchisees all went to training and they had discussions about sites, but for the most part communication went silent.  I have the answer for these confused franchisees.  The simple answer is that these franchisors were more concerned with selling franchises rather than supporting their existing franchise units.  It’s all about sales!  So as a future franchisee you must ask the question “WHAT  SORT OF FRANCHISE SUPPORT AM I GOING TO RECEIVE ON A DAILY BASIS?”

This is important to ask this question to a franchisor you are interested in working with after all, you are paying for it.  Would you start paying a car company $300-$1,000 a month without knowing what kind of car you’ll be driving??? I didn’t think so.  Just remember to ask these franchisors questions.

Thanks so much for reading and if you have any questions about Illuminate Gym check us out at http://www.illuminategym.com/franchises.php.  Have a healthy day and good luck!!

Tags: FDD, Fitness, fitness franchise, fitness franchises, franchise, Franchise Agreement, franchise attorney, franchise opportunity, franchise support, franchisee, franchisees, franchises, franchisor, franchisors, gym, gym franchises, gyms, illuminate gym

This entry was posted on Monday, August 2nd, 2010 at 11:51 pm and is filed under Fitness. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.