| |
The Franchise Approval Process: Getting Started Takes Only One Call
Our intention is to successfully guide you through the review process. This is the first step to starting your own business. The process begins with your initial phone call to one of our qualified sales representatives. During this call we will both have the opportunity to learn more about each other. You will learn more about our industry and our company. This process takes time and is designed to help each of us decide if there is a good fit.
Completing the Application
If we are ready to continue with the application process after our initial discussion, we request that you complete a formal application. This application is designed to help you focus on and determine your expectations of the business and find your ideal business model. You will be asked to give us some background information and an overview of the financial backing to be used for the purchase and operation of your club. The application is available online and is also included in the LWE Franchise Opportunities Brochure that will be sent to you by US mail. Note: The approval process cannot proceed until we have received a completed application from you.
Franchise Opportunities Brochure
You will want to carefully review the information in this brochure as it contains details of our business model, our franchise development program and the best practices of our company.
Informational Call / Interview
Once you have read through the introductory information and have completed your application, we will arrange a telephone interview. You will want to prepare a list of questions for us, as this will be your opportunity to learn more before moving further along in the ownership process.
UFOC
Following your telephone interview, we will send you our Uniform Franchise Offering Circular if you want to proceed with the ownership process.
Due Diligence
Because we want you to be fully informed, we will ask you to contact some of our current franchisees to discuss their experiences in our franchise system. We will help schedule these calls for you following the completion of our telephone interview. After your due diligence calls, we will set up another call with you to discuss your reactions to, and impressions of, your discussions with our current franchisees and answer any additional questions. We will then set a date for completing the interview and exploratory process.
Discovery Day
To fully complete your understanding of what it will mean to be an owner of a LWE franchise, we encourage you to schedule a visit to our Franchise Support Center located in Ft. Lauderdale, Florida. During this visit you will visit a local Center and see our team at work. This is an excellent opportunity to meet with key team members at our Franchise Support Center. Additionally, this will provide another opportunity to continue to get to know each other, set reasonable expectations and develop a foundation for our business relationship.
Topics Reviewed During Discovery Day
- Company history, culture and vision
- Franchisee training, education and continuing education
- Site selection and lease negotiation
- Center build-out and design
- Resources of the Franchise Support Center
- Construction/Coordination of deliverables
- Local club tour
- Q&A session
Final Stage of the Application Process
If you would like to join us as a franchisee after completing Discovery Day, we are required by law to go through a closing process that involves providing you with another copy of the UFOC and all of the related documentation that you will be required to sign in order to purchase the franchise. You are strongly advised and encouraged to take both the UFOC and all of the related documents to your legal and financial advisors for review. As part of the closing of this sale you are required to acknowledge a number of details about the sales process that you have just completed, and to sign a receipt acknowledging your acceptance of all of the sales documents. We cannot legally complete the sales process until we have all of these items completed, signed and returned to us.
Territory Assignment
Congratulations! If you have completed the paperwork and paid your required franchise fees, you are now a Lady Workout Express Franchisee. The franchisee agreement will provide you with a protected territory for the site you have selected for your Center.
 Opening Support
|
