Becoming a franchise owner is a viable route to entrepreneurship, especially if you’ve never owned a business before. If you’re curious about how to become a franchise owner, consult your advisors, including, but not limited to, your lawyer and accountant.

What Makes Franchising Appealing?

You may be wondering, “

?” Franchising is a business relationship between the organization (franchisor) and the investor (franchisee).

Investing in a franchise gives you a number of advantages over those who choose to start their business independently. Some of the biggest benefits include:

• Business model: Franchise brands have spent years perfecting their business model. As a franchisee, you get access to what they’ve learned. • Training and support: To ensure consistency across the entire brand, franchisors provide their franchisees with extensive training and ongoing support. Should an issue arise, you have an entire support network you can contact for help. • Brand recognition: Consumers are more comfortable spending their money with brands they

. With a known name above your door, consumers are more likely to have confidence in you from the start.

Becoming a Franchisee

Learn how to become a franchise owner through the following steps:

1. Self-assessment: Ready to try something new? Look inward first. Take stock of your skills and interests – these will guide you through the decision-making process. As a dedicated business owner, you’ll be working in your business every day. Investing in something you’re passionate about makes the work more rewarding.
2. Research different opportunities: Once you narrow down the industries you may want to join, you’ll need to thoroughly research various opportunities to determine which is right for you. Conduct market research to understand what your area may be lacking. Your potential business or service could fill a gap in your community.
3. Understand all financial requirements: Franchise brands present you with their estimated startup costs from the jump. In addition to the initial investment costs, franchisors are also forthcoming about their ongoing royalty fees – this gives you an understanding of your business expenses should you franchise with that brand.
4. Review the Franchise Disclosure Document (FDD): The
   FDD
   is a required document that outlines all the pertinent details regarding the franchise opportunity. There are 23 sections – or items – in an FDD, all of which should be thoroughly reviewed by you and a franchise lawyer.
5. Due diligence: In addition to speaking with each franchisor, you should also set up meetings with current franchisees to get their take on the franchise opportunity. Evaluate how each franchisee speaks about the brand and their support systems. Also: check customer reviews to gauge the public’s perception of the franchise brand.
6. Application: Every franchise candidate must apply to join the brand. In the application, you should list if you have any business partners contributing to your venture. The application also requires you to state your net worth, liquidity, and relevant experience.
7. Sign the franchise agreement: Review the agreement carefully with your legal advisor to ensure you fully understand all the terms.

Franchise with Zaxbys

Partnering with Zaxbys means more than just becoming a restaurateur – it’s about joining a brand that values community, quality, and entrepreneurial success. With our business model, industry recognition, and best-in-class support, you’ll have everything you need to build a thriving business.

With plenty of markets available for investment, now is a great time to invest with Zaxbys and bring our saucy chicken to your neighborhood. Request information today to

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