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