Becoming a Signwave franchise partner can be an exciting and rewarding way to establish your very own business. Many Signwave franchisees have discovered a winning combination of a proven business formula as well as an enthusiastic and experienced Signwave team can enable a new Signwave franchise to grow and thrive.
It is crucial for a potential business services franchise partner to be enthusiastic about the new business and some research is required for both parties. This enables the franchisee and franchisor to get to know each other a little better. This is why before any new franchise is purchased, the franchisor will be asking some questions about the potential franchisee’s background, goals and financial situation. The franchisee is encouraged to gather information about the franchise and to ask questions regarding their involvement in the franchise.
Once a potential Signwave franchisee’s preliminary application is approved, the next step begins. This involves Signwave providing a Disclosure Document, including financial information such as contact details of Signwave franchisees and a statement of average sales for the previous year. With the potential Signwave franchisee, the Franchise Development Manager will go through the Disclosure Document, as well as other aspects of the Signwave franchise. The potential Signwave franchisee will be able to get in touch with existing Signwave franchisees and be given an opportunity to spend some time in Signwave franchises in the particular area. Throughout this stage, Signwave will be assessing the application and skills, experience and franchisee’s enthusiasm about the Signwave franchise.
When Signwave approves the application, the franchisee is invited to attend a Franchise Opportunity Tour at Signwave’s head office in Sydney. On the date agreed upon, the franchisee will meet key Signwave personnel to help the Signwave franchisee through all the details in regards to the establishment of the new Signwave franchise. The Signwave franchisee will learn about Signwave’s history, the company culture and vision; specific site selection and negotiation; technology for the new franchise; store design and plans; marketing and advertising information as well as a visit to a local Signwave franchise.
The information exchanged will enable both the Signwave franchisee and franchisor gain mutual confidence, establish some expectations and develop a team working relationship, which will carry on to the next step and beyond. By the end of the tour, both the potential franchisee and Signwave will be able to predict as to whether this will be a successful working relationship. When that happens, the Franchise agreement will be ready to be signed, the Signwave franchisee is welcomed to the team, and the countdown to the grand opening of the Signwave franchise begins.
4-May-2006