Franchise Application Form is an elaborate document seeking details about the prospective franchisee, their background, financial resources and everything else. Furthermore, the franchisor would be able to take a decision to award a franchise. Selecting the right franchisee is critical to the success of any franchise system and hence getting the right information at the onset itself, helps the company to screen the candidates and weed out the ones who may not be suitable. This is why a franchise application form format is needed to funnel down right leads. A typical application form is devised using these base details, while it is customized depending upon the clients’ overall franchise application process that the company would want to follow. In several countries, there are legal compulsions on what disclosures have to be made and hence the application form is developed keeping that in mind as well.
Successful franchise organizations depend on franchisees who follow the franchise system completely. They don’t want people who they perceive as too independent, or people who won’t play by the book. They like to experiment and try out their own ideas. In one sense, franchising is not for those who think outside the box.
Franchise applications are kept confidential and neither the franchisor nor the prospect is bound in any way by the submission of the initial application. Again, take the time to fully and accurately complete the application and return it to the franchisor promptly.
A typical Franchise Application Template :
Current Profession / Business:
Property: Owned / Rented / Leased
Location / Address:
Anybody else will help you in this business.
Previous experience in similar business
Previous experience in franchising
Contact Details of the company and its franchise managers.
(You could also download the FranchiseBazar for your reference).