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