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