Nine Steps to Buying a Franchise with H3K
Step 1: Initial Consultation
In this first step, we’ll learn about your background, goals, and motivation for owning a franchise by building your personalized franchise buyer profile. You’ll also get introduced to H3K and our approach to franchising. You’re working with industry experts, and now the journey to finding your ideal franchise begins.
Step 2: Franchise Matching & Research
We take your buyer profile and match it against our extensive portfolio of franchise opportunities. This saves you significant time and effort—we already know which franchises align with your skills and interests, and we’ll quickly verify availability in your target area.
Step 3: Opportunity Presentation
We present a selection of franchises that best fit your profile. You’ll receive key highlights about each option and learn why they’re a good match for you.
Step 4: Initial Franchise Conversations
Next, we coordinate introductory calls between you and the franchise brands that interest you most. This helps you gain firsthand insight into their systems and culture.
Step 5: Review & Evaluation
After initial discussions, franchisors typically provide a Franchise Disclosure Document (FDD), either digitally or in print. Though detailed, the FDD contains essential information to help you evaluate the opportunity thoroughly.
Step 6: Validation & Due Diligence
This phase involves verifying the information shared so far. You’ll consult with legal and financial professionals, and we’ll help manage this process. If financing is needed, lender approval will be required. You’ll also start speaking with current franchisees to confirm the information provided.
Step 7: Final Q&A
You may have follow-up questions. We’ll arrange another call with the franchise company to ensure everything is clear and all your concerns are addressed before moving forward.
Step 8: Discovery Day
Most franchisors host a “Discovery Day”—an in-person event where you meet their team, visit operations, and gain a better understanding of their support and culture. It’s your chance to see who you’ll be partnering with.
Step 9: Decision & Signing
Following Discovery Day, you’ll be in a strong position to make a final decision. You can either move ahead and sign the franchise agreement, or continue exploring other options. Either way, H3K will be with you every step of the way.