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