Basics of a Days Inn Worldwide Franchise
If you’re thinking about buying a Days Inn Worldwide franchise, there are many things to consider before signing on the dotted line. Becoming a Days Inn Worldwide 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 Days Inn Worldwide franchisee might be financially rewarding.
Owning a Days Inn Worldwide franchise is a serious commitment and works best when you make a thoughtful, educated decision.
- Just because you love Days Inn Worldwide’s products or services doesn’t mean that you will be able to successfully operate a Days Inn Worldwide franchise.
- Being emotionally attached to the idea of becoming a Days Inn Worldwide franchisee is not a state of mind in which you can effectively evaluate an opportunity.
- Your positive experience as a customer of Days Inn Worldwide 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 Days Inn Worldwide franchise is for you?
Days Inn Worldwide Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Days Inn Worldwide franchise is right for you.
If you truly want own a Days Inn Worldwide franchise, get all the information you can from Days Inn Worldwide 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 Days Inn Worldwide 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 Days Inn Worldwide franchisor, Days Inn Worldwide franchisee, or even yourself? Get to know the terms.
Days Inn Worldwide Franchise Disclosure Document
Carefully read the Days Inn Worldwide Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
As you are reviewing Days Inn Worldwide’s Franchise Disclosure Document you will have a number of calls with Days Inn Worldwide’s franchise team before you will be allowed to call Days Inn Worldwide franchisees.
When you are allowed to call Days Inn Worldwide franchisees make sure you speak to at least five to eight franchisees. You will find that most Days Inn Worldwide franchisees will be honest and unbiased about Days Inn Worldwide. If you would like more information on how to dissect a Days Inn Worldwide FDD consider the following resources:
Does a Days Inn Worldwide 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 Days Inn Worldwide 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 Days Inn Worldwide franchise is the right move for you.
If you’re serious about becoming a Days Inn Worldwide all franchisee and want to explore owning a Days Inn Worldwide franchise, take the best first step you can and grab your copy of The Educated Franchise today!