FAQ

Frequently Asked Questions

Below are several frequently asked questions about franchising and working with a professional GreenLine Franchise advisor. If you do not see your questions answered here please don't hesitate to contact us!

 

Why Hire a Franchise Consultant?
Who is GreenLine Franchise?
Our firm has extensive knowledge and resources about the franchise industry allowing us to offer our clients an inside look at hundreds of different franchise opportunities.

 

Why would someone use a franchise consultant?
A professional franchise consultant can offer candidates a wealth of general and inside information about the franchise industry as well as about specific franchise industries and opportunities. GreenLine Franchise helps save our clients time by assisting with much of the initial legwork required in identifying rock solid opportunities that meet your criteria and are available in your desired market.

 

Franchise Disclosure Documents (FDD)
The Franchise Disclosure Document (FDD)
What to look for in your Franchise Disclosure Document?
The Franchise Disclosure Document (FDD) is a format for disclosing franchisor information to prospective franchisees. The purpose of the FDD is to protect the public by providing information about the franchise company.
There are 23 categories of information that must be provided by the franchisor to the prospective franchisee at least 10 business days prior to the execution of the franchise agreement. These categories include:

  • The Franchisor, Its Predecesors and Affiliates

  • Business Experience

  • Litigation

  • Bankruptcy

  • Initial Franchise Fee

  • Other Fees

  • Initial Investment

  • Restrictions on Sources of Products

  • Franchisee's Obligations

  • Financing

  • Franchisor's Obligations

  • Territory

  • Trademarks

  • Patents, Copyrights, and Proprietary Information

  • Obligation to Participate in the Actual Operation of the Franchised Business

  • Restrictions on What the Franchisee May Sell

  • Renewal, Termination, Transfer, and Dispute Resolution

  • Public Figures

  • Earnings Claims

  • List of Franchise Outlets

  • Financial Statements

  • Contracts

  • Receipt

 

How Do You Get Paid?
Why are your services free?
The truth is our services are not free - they are just free to you, the franchise seeker. GreenLine Franchise is paid by the franchises we represent to assist them in the development and growth of their business.

 

How Do I Select The Right Franchise?
Which franchises does GreenLine Franchise represent?
GreenLine Franchise currently works with over 400 of today's top franchise opportunities from dozens of different industries.

 

How You Will Save Money & Time Using a Consultant?
Do I pay more for a franchise if I use a GreenLine Franchise franchise consultant?
Absolutely not. In single unit franchising fee negotiation is very rare. Most everyone pays the same franchise fee regardless of how they are introduced to the franchisor. In area development and master franchise deals we can often assist our clients with negotiations saving them thousands of dollars on initial fees.

 

What Are the Benefits of Working with a Consultant?
What is it like working with a GreenLine Franchise consultant?
Our approach to this business is very simple and straight forward. Our consultants will conduct an initial interview to gain insight to your previous experiences, goals, strengths, weaknesses, investment range, target market and more. We will then work to select ideal franchises for you and assist you in researching the opportunity. When our clients are ready to take a serious look at a franchise we will facilitate the introduction then remain by your side throughout the remainder of the process.

 

What Is the Franchise Sales Cycle consist of?
Are there aggressive sales tactics used in this business?
NO! Franchising is not a sales business - it's a mutual discovery process. Good franchises are not sold - they are awarded. Only when both parties feel there is strong potential for success does anyone begin to consider investing in the franchise. "Selling" a franchise to a less than ideal candidate is generally a recipe for failure for both franchisee and franchisor. Aggressive sales techniques is not how winning franchisors are built.