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