Thinking of Buying a HobbyTown USA Franchise?
Basics to Consider Before Becoming a HobbyTown USA Franchisee.
If you're thinking about buying a HobbyTown USA franchise, there are many things to consider before signing on the dotted line. Becoming a HobbyTown USA franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a HobbyTown USA franchisee might be financially rewarding.
Owning a HobbyTown USA franchise is a serious commitment and works best when you make a thoughtful decision.
Just because you love HobbyTown USA's products or services doesn't mean that you will be able to successfully operate a HobbyTown USA franchise. Being emotionally attached to the idea of becoming a HobbyTown USA franchisee is not a state of mind in which you can effectively evaluate an opportunity. Your positive experience as a customer of HobbyTown USA should not form the basis for deciding to become a HobbyTown USA franchisee. As an example, just because you love Big Macs doesn't mean that you should become a McDonald's franchisee.
HobbyTown USA Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a HobbyTown USA franchise is right for you.
If you truly want own a HobbyTown USA franchise, get all the information you can from HobbyTown USA. Talk to HobbyTown USA franchisees and secure a qualified advisor who has experience helping people like you purchase franchises. You may also want to download a free copy of A Glossary of Franchise Terms to help you.
Make sure that owning a HobbyTown USA franchise fits in with both your skills and life style objectives. If you don't want to work evening and weekends, don't purchase an ice cream shop. If you're an introvert, don't buy a franchisee that requires you to be extroverted. Click here to download the questions you should ask yourself before considering the purchase of a HobbyTown USA franchise.
HobbyTown USA Franchise Disclosure Document
Carefully read the HobbyTown USA Franchise Disclosure Document (Also known as an FDD). They can be intimidating. Chapter 7 of The Educated Franchisee explains what a Franchise Disclosure Document is and what the terms mean. Visit our FDD Exchange to view sample FDDs. A HobbyTown USA FDD may be available.
As you are reviewing HobbyTown USA's Franchise Disclosure Document you will have a number of calls with HobbyTown USA's franchise team before you will be allowed to call HobbyTown USA franchisees. Click here to download the questions you should ask the HobbyTown USA franchise team.
When you are allowed to call HobbyTown USA franchisees make sure you speak to at least five of them. You will find that most HobbyTown USA franchisees will be honest and unbiased about HobbyTown USA. Click here to download the questions you should ask HobbyTown USA franchisees.
HobbyTown USA Profit and Loss Statement
Put together an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a HobbyTown USA franchisee. Reading Chapter 13 of The Educated Franchisee teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchisee and in Step 13 of The Franchisee Workbook show you how to honestly evaluate whether or not buying a HobbyTown USA franchise is the right move for you.
If you're serious about becoming a HobbyTown USA franchisee and want to explore owning a HobbyTown USA franchise, take the best first step you can and grab your copy of The Educated Franchisee today!