Thinking of Buying a Roto-Rooter Franchise?
Basics to Consider Before Becoming a Roto-Rooter Franchisee.
If you're thinking about buying a Roto-Rooter franchise, there are many things to consider before signing on the dotted line. Becoming a Roto-Rooter 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 Roto-Rooter franchisee might be financially rewarding.
Owning a Roto-Rooter franchise is a serious commitment and works best when you make a thoughtful decision.
Just because you love Roto-Rooter 's products or services doesn't mean that you will be able to successfully operate a Roto-Rooter franchise. Being emotionally attached to the idea of becoming a Roto-Rooter franchisee is not a state of mind in which you can effectively evaluate an opportunity. Your positive experience as a customer of Roto-Rooter should not form the basis for deciding to become a Roto-Rooter franchisee. As an example, just because you love Big Macs doesn't mean that you should become a McDonald's franchisee.
Roto-Rooter Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Roto-Rooter franchise is right for you.
If you truly want own a Roto-Rooter franchise, get all the information you can from Roto-Rooter . Talk to Roto-Rooter 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 Roto-Rooter 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 Roto-Rooter franchise.
Roto-Rooter Franchise Disclosure Document
Carefully read the Roto-Rooter 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 Roto-Rooter FDD may be available.
As you are reviewing Roto-Rooter 's Franchise Disclosure Document you will have a number of calls with Roto-Rooter 's franchise team before you will be allowed to call Roto-Rooter franchisees. Click here to download the questions you should ask the Roto-Rooter franchise team.
When you are allowed to call Roto-Rooter franchisees make sure you speak to at least five of them. You will find that most Roto-Rooter franchisees will be honest and unbiased about Roto-Rooter . Click here to download the questions you should ask Roto-Rooter franchisees.
Roto-Rooter 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 Roto-Rooter 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 Roto-Rooter franchise is the right move for you.
If you're serious about becoming a Roto-Rooter franchisee and want to explore owning a Roto-Rooter franchise, take the best first step you can and grab your copy of The Educated Franchisee today!