Navigate Your Franchise Journey in 4 Steps with Expert Guidance
Thinking of franchise ownership? Emma Chappell, Head of Franchise Recruitment at Sylvian Care, shares her expertise, backed by a 2022 certification and nearly 100 successful launches, to guide you. Join Sylvian Care, a UK home care leader, and start your journey to franchise success.
The Editorial Team , writer
1. Discovery Stage: Laying the Groundwork for Franchise Ownership The first step is all about mutual exploration.
After you make an initial enquiry and possibly sign a Non-Disclosure Agreement (NDA), you’ll complete an application detailing your background and motivations. Financial checks follow to ensure you meet the investment criteria. This stage includes an insightful “Discovery Day,” where you’ll meet the team, see the operations firsthand, and confirm that Sylvian Care aligns with your goals.
2. Research Phase: Delving into the Franchise Model This is where you dig deeper
You’ll learn about the franchise model, support systems, and available territories. Talking with existing franchisees will give you valuable insight into the company’s culture and day-to-day operations. Reviewing fees, royalties, and other ongoing costs will help you make an informed decision.
3. Due Diligence: Building a Strong Foundation
As you move forward, Sylvian Care carries out due diligence checks. A refundable deposit may be needed for background checks, including Right to Work verification and DBS checks for care franchises. References and credit checks help ensure franchisee stability, while a solicitor can guide you through the legal aspects of the Franchise Agreement.
4. Ownership Stage: Stepping into Your New Role
The final step marks the beginning of your franchise journey. Signing the Franchise Agreement and any necessary Shareholders Agreement formalises your new venture. From here, you’ll gain access to Sylvian Care’s comprehensive support network, ready to help you build a thriving business that benefits your community.
A Thorough Process for Strong Partnerships Sylvian Care’s structured process helps attract top-quality franchisees, ensuring a foundation for long-term success. Be cautious of franchises that skip these important steps—they may not provide the level of experience and support you’ll need.
Ready to Begin?
The Editorial Team , writer