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