How to Open a Retail Franchise: Our FDD and Its Importance
Opening a small business is an exciting process and can be a great way to make your living. Every year, thousands of people become their own boss, but did you know that one of the best ways to do so is through a franchise opportunity? If you’re wondering about how to open a retail franchise with Batteries Plus, there are a number of steps, and one of them is spending time with our Franchise Disclosure Document (FDD).
An FDD is an important document required by law and covers everything you need to know about a brand: including its history and key players. We want you to be as well-informed as possible before making a Batteries Plus investment, and a careful review of our FDD will help. Here, we’ll take a closer look at the role an FDD plays in the franchise process and some of the topics it will discuss.
Review a Franchise Disclosure Document Carefully
Before anything, be sure to set aside plenty of time to review our FDD. It contains a lot of important and vetted information that’ll help you make an educated decision about your investment with us. Oftentimes, potential franchisees go over an FDD with their attorneys; beyond that, you can count on one of our franchise experts to be on hand to review our FDD with you to make sure you understand its content and to answer any questions you might have.
What Does a Batteries Plus Investment Look Like?
When it comes to how to open a retail franchise, as an investor, the information you’ll most likely be interested in first is the cost of opening a franchise with Batteries Plus. Our FDD fully lays those numbers out. You’ll learn what your initial investment will look like, including the franchise fee itself, and what your startup costs will be, as well as the cost of necessary inventory. You’ll also learn more about any ongoing fees, including monthly royalties and marketing fees. We know that an investment in a Batteries Plus store is not an insignificant commitment, so we make sure to give you everything you’ll need to make an educated and mindful decision.
What’s Expected of You
Every one of our franchise owners is a proud extension of the Batteries Plus name, making valuable contributions to our brand every day. Part of the way they do that is by adhering to certain guidelines and processes while doing business, and these are laid out in our FDD. Sticking to our business model and our brand culture assures consistency and allows all our store owners to succeed. So, while you’ll have plenty of freedom to make your franchise your own, it’s important to remember that, in many ways, our franchisees act as ambassadors of the Batteries Plus brand and do business using time-tested procedures.
What to Expect of Us
The franchisee/franchisor is a very special relationship, one we don’t take lightly. We know our responsibilities to you are important to your success, and we spell them out thoroughly in our FDD. You’ll learn what kind of training and support you can count on from us, as well as what marketing resources you can expect. Our FDD also gives you essential information about supply sources and operational items, among other resources you’ll enjoy.
Our FDD is critical to the franchise process, and we’re happy to provide it to all serious investors as you familiarize yourself with how to open a retail franchise. To request a copy, reach out today!