|
1.
|
Candidate completes Franchise Application and forwards it to The
Athlete's Foot®.
|
|
2.
|
Candidates for whom applications are approved will participate in a Phone Interview to
discuss real estate, product merchandising, marketing, training and initial investment
parameters. It is best for a candidate to have a detailed list of questions prepared for
this conversation.
|
|
3.
|
Upon successful completion of the Phone Interview,
The Athlete's Foot® forwards a Uniform Franchise
Offering Circular (UFOC) to candidate. The UFOC is a disclosure document that describes The
Athlete's Foot® franchise opportunity, including
the franchisee's rights and obligations. Among other items, the UFOC also contains a list of
existing franchisees within The Athlete's Foot®
system, financial information pertaining to our company, (the franchisor), and a sample
franchise agreement. All prospective franchisees should review the UFOC with their business
advisors.
|
|
4.
|
Candidate signs the Acknowledgement of Receipt, (last two
pages of UFOC), and returns a signed copy to The Athlete's
Foot® in the envelope provided.
|
|
5.
|
Candidate reviews Uniform Franchise Offering Circular
(UFOC) with business advisors.
|
|
6.
|
Candidate contacts existing franchisees within The
Athlete's Foot® system to learn more about The
Athlete's Foot®.
|
|
7.
|
Candidate begins to build preliminary business plan.
|
|
8.
|
Candidate contacts lenders to discuss requirements
and options for financing.
|
|
9.
|
Candidate contacts business advisors, attorney and/or accountant to discuss
requirements and options for forming a corporate entity if one is not already formed.
Franchisees can also operate as sole proprietors.
|
|
10.
|
Candidate and Franchise Development Representative from The Athlete's
Foot® schedule a Discovery Day at
The Athlete's Foot® World Headquarters
in Atlanta, GA. During the Discovery Day candidate will meet key management personnel
at The Athlete's Foot® and visit existing
retail locations.
|
|
11.
|
Candidate attends a Discovery Day at The Athlete's
Foot® World Headquarters.
|
|
12.
|
The Athlete's
Foot® Approval Committee reviews candidate's
application and notifies candidate of results.
|
|
13.
|
If candidate is approved, the candidate and The Athlete's
Foot® sign Franchise Agreement and candidate pays
Initial Franchise Fee to The Athlete's Foot®.
|
|
14.
|
Secure real estate. After executing a franchise agreement, when requested by the
franchisee, The Athlete's Foot® offers
assistance to franchisees in the following aspects of real estate 1) identifying
prospective locations 2) evaluating prospective locations 3) assisting in lease
negotiations.
|
|
15.
|
Franchisee enrolls in New Owner Training course.
|
|
|
*Every step in the above process must be completed for a candidate to become a franchisee with The Athlete's Foot®.
|