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