Basics of a Courtyard By Marriott Franchise
If you’re thinking about buying a Courtyard By Marriott franchise, there are many things to consider before signing on the dotted line. Becoming a Courtyard By Marriott franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Courtyard By Marriott franchisee might be financially rewarding.
Owning a Courtyard By Marriott franchise is a serious commitment and works best when you make a thoughtful, educated decision.
- Just because you love Courtyard By Marriott’s products or services doesn’t mean that you will be able to successfully operate a Courtyard By Marriott franchise.
- Being emotionally attached to the idea of becoming a Courtyard By Marriott franchisee is not a state of mind in which you can effectively evaluate an opportunity.
- Your positive experience as a customer of Courtyard By Marriott should not form the basis for deciding to become a franchisee.
As an example, just because you love Big Macs doesn’t mean that you should become a McDonald’s franchisee.
Are you looking for some free resources to help you determine if a Courtyard By Marriott franchise is for you?
Courtyard By Marriott Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Courtyard By Marriott franchise is right for you.
If you truly want own a Courtyard By Marriott franchise, get all the information you can from Courtyard By Marriott and secure a qualified advisor who has experience helping people like you purchase franchises.
You may also want find that gaining a better understanding of the terms related to franchising would be helpful. If so, you may want to visit A Glossary of Franchise Terms.
Make sure that owning a Courtyard By Marriott franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.
Are you interested in more questions to ask Courtyard By Marriott franchisor, Courtyard By Marriott franchisee, or even yourself? Get to know the terms.
Courtyard By Marriott Franchise Disclosure Document
Carefully read the Courtyard By Marriott Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
As you are reviewing Courtyard By Marriott’s Franchise Disclosure Document you will have a number of calls with Courtyard By Marriott’s franchise team before you will be allowed to call Courtyard By Marriott franchisees.
When you are allowed to call Courtyard By Marriott franchisees make sure you speak to at least five to eight franchisees. You will find that most Courtyard By Marriott franchisees will be honest and unbiased about Courtyard By Marriott. If you would like more information on how to dissect a Courtyard By Marriott FDD consider the following resources:
- The Educated Franchisee Chapter 8 – ' Dissecting the Franchise Disclosure Document' - Click Here
- The FDD Exchange - Franchise Disclosure Document Checklist' - Click Here
- PodCast with Franchise Attorney Nancy Lanard – 'What to look for in a Franchise Disclosure Document' - Click Here
Does a Courtyard By Marriott Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Courtyard By Marriott franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of The Franchisee Workbook shows you how to honestly evaluate whether or not buying a Courtyard By Marriott franchise is the right move for you.
If you’re serious about becoming a Courtyard By Marriott all franchisee and want to explore owning a Courtyard By Marriott franchise, take the best first step you can and grab your copy of The Educated Franchise today!