The franchise business will contact you by means of email and/ or telephone only to the email address and phone number you have provided.
By submitting the enquiry form you are consenting to send your personal information to the selected franchise business.
You also agree to receive further newsletter email marketing from What Franchise.
What should I expect from a franchisor ‘discovery day’?
The purpose of a discovery day is twofold. First, to give you as much information as possible concerning the franchise opportunity. Bear in mind that the franchisor is trying to sell the franchise, so you do need to treat what you are being told with suspicion and check it out.
The best way of doing that is to obtain a list of the franchisor’s franchisees - not just the ones the franchisor wants you to talk to - and ask them how good is the support from the franchisor, how much money do they make, will they renew, etc.
The second purpose of a discovery day is for the franchisor to find out more about you and establish whether you would be a suitable franchisee. That doesn’t mean you should be on your best behaviour, but it does mean that if you’re offered a glass of wine or a beer at lunchtime that you don’t have too many and start behaving badly.
You should remember the golden rule in picking a franchise, which is never to hold back in asking whatever questions are troubling you.
John Pratt is senior partner at specialist franchise firm Hamilton Pratt and has advised franchisors for over 25 years.
You might also be interested in
Will a franchisor ensure I operate my business within the required health and safety guidelines of the sector I operate in?
Answered by Shelley Nadler
Shelley Nadler writes: The franchisor should provide health and safety guidelines appropriate to the sector the franchise... read more
Answered by Louise Harris
Louise Harris writes: The initial investment in a franchise varies greatly across the industry, but it’s one... read more
Answered by John Pratt
John Pratt writes: As with all franchises, you have to ask yourself: Is this the sort of... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: One of the attractions of franchising is the resilience it shows through hard times... read more
Exciting Franchise Opportunities
Companies to Consider
Homecare by Kare Plus
Yes, by a third party
Operational break even from 6 to 7 months and pay back between to 3 and 3.5 years
Radfield Home Care
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 2 years ago | 2 min read
Added 2 hours ago | 2 min read
Added one day ago | 2 min read
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
What Franchise Newsletter
Keep up to date with all the industry news