Franchisor Prospect Checklist Sample Form

Due to the over regulation in the Franchisingand work on a third crew for one day. Hesitation
Industry and the litigation it is important to keepmeans they are not quite sure yet or they
impeccable records. From the first phone call,falsified information.
email to the signing of the franchise agreement8. Reviewing Of Request To Join Team Form will
everything should be documented. Below is abe screened by two Ride Along Crew managers
checklist we created for our franchise companyand three other franchisees or independent
and one I wish you would consider when creatingcontractors, a woman not associated with our
your own. I recommend you copy this article andcompany, a Quality Control consultant, a
then modify it to fit your business model.customer or the founder. All people Involved get
You must understand that without properone vote except Founder; he gets three. (Unless
documentation you might find your companythere is a third Ride Along Crew, then he gets
entangled in meaningless and wasteful litigationonly two). Prospective Franchisee must have 2
instead of spending the time on expanding your3rds. (12 Total, 8 to win!)
market share and brand name. Below is our9. Request To Join Team Form Is Faxed to our
sample checklist we use at the Car Wash Guys,favorite leasing company if they will be borrowing
you may have this and modify it at will, I dismissto buy the franchise or Wells Fargo Bank where
any copyrights to you. Now remember ourthe credit card processing will be done. Leasing
Franchise is a specialty type business, mobile carcompany will notify us if prospective franchisee is
wash and the franchisee must be in excellentcredit worthy and fax us a TRW print out. Wells
physical condition, where as your business modelFargo will do a background check and see if
may wish to screen for other things.prospective franchisee qualifies for a merchant
1. Telephone Interview with Founder oraccount.
Designated Person. (Minimum 30 min.) Friendly10. Extensive Background Check will be done by a
conversation; Lots of listening. Notes will be takencontracted private investigation firm. Check will
on "Pre-Screening Phone Worksheet". Thisinclude: FBI Report, Court Records, etc. He/she
worksheet will be kept in a file if prospectivemust pass or other arrangements must be made.
franchisee is qualified. A resume will be asked for11. Meet With Prospective Franchisee - This will be
at this point. It should be faxed or mailed tothe first official one on one meeting. Present at
headquarters. If none is available, one will bethis meeting will be prospective franchisee, and his
created from the phone interview.advisors, spouse, parents, investors, etc. Also
2. Resume Is Reviewed and compared to notespresent: Founder or Designated Person and eight
from phone interview for consistency. If it isother associates, members of the Executive
acceptable, then we proceed. If it is not, processCommittee and franchisees or independent
ends here. If, during the phone interview wecontractors.
created a resume for the prospective franchisee,12. Vote On Prospective Franchisee to determine
it will be mailed to them so they can use it in theirif prospective franchisee is good enough. All
next interview. We will also send a copy to Ainformation will be on the table, literally. On the
Contract Employment Agency, a company withtable will be: Credit Report, Wells Fargo Approval
whom we network. They in turn will send usApplication, Leasing Company Tentative Approval,
qualified prospects.FBI Report, Court Records, Letter of Intent, Etc.
3. Timed Run is performed by prospectiveHe/she will be able to defend themselves against
franchisee. Designated Person will time prospectivehearsay or false information on collected
franchisee on a running track. He or she must rundocuments. Other items on table will be
one mile in under 7:30 minutes. "Timed Run Form"Pre-Screening Phone Worksheet, Resume, Timed
will be signed and dated by both prospectiveRun Form, Ride Along Summaries and of course,
franchisee and Designated Person. If , He or sheThe Request To Join Our Team Document. All
fails test, they will be given a workout schedulenine people vote; Anyone absent will have their
based on their actual time. They may try again invote replaced by Founder or Designated Person.
two weeks, or when they feel ready.(2/3rds to win)
4. Ride Along with a crew. Two crews will be13. Approval will initiate a distribution of
assigned to a new prospective franchisee. Afteragreements for the prospective franchisee to
the run, on the same day, prospective franchiseesign:
will spend all day helping a crew.Franchise Agreement
Second Ride Along will occur the following dayFranchise Offering Circular
with a different crew to assure that theLeasing Application for Equipment
prospective franchisee understands how muchCellular Agreement
work there is.Supply Ordering Agreement
5. File Is Created in prospective franchisee's name.Non-Disclosure Agreement
Included are: Pre-Screening Phone Worksheet,Bank Account Forms & Merchant Account
Resume, Timed Run Form, Ride Along withAgreement
Summaries from Crews. This checklist will beNon-Competition Of Other Franchisees Promise
paper clipped to front of file.Fictious Name Statement
6. Letter Of Intent is asked for from prospectiveDocument Receipt Form.
franchisee. When received it is put in file and14. Returning of Forms - The prospective
"Request to Join Team" form is sent out.franchisee will return signed forms. No payment
7. Request To Join Team Form is mailed tomay be taken for 10 business days. We will use
prospective franchisee. It must be mailed back infifteen days to be safe. He/she may be placed in
15 days or prospective franchisee must go backtraining until then.