Pet Franchise

Pet Franchise in Pinellas County; What to Pay Attention to in the FDD?

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The FDD, which stands for Franchise Disclosure Document, is a document the FTC requires a franchisor submit this to the prospective franchisee at least 14 days prior to signing a contract. When you are considering a pet franchise in Pinellas County, this is one of the most important elements of the sale. Here are a few things you want to pay careful attention to with this.

The Legal History of the Franchise

One of the things you will want to pay attention to is the legal history of the company. By law a pet franchise in Pinellas County will have to tell you any lawsuits they are currently dealing with as well as other legal matters such as bankruptcy proceedings. While one or two lawsuits can be normal, if the legal history of the company is extensive, then it may be best to find another company.

Rules of Products and Services

With a franchise, the franchisor has the final say in not only the services offered, but the products that you sell in your pet franchise in Pinellas County. Make sure you read through the list to ensure you know what is expected. As well as looking at the products, it is important to note whether there are specific suppliers you will be expected to use. For instance, with Splash and Dash Groomerie & Boutique, franchisors have a website where they can order from all the vendors for the franchise and pay with just one checkout to make purchasing easier.

Contractual Obligations For A Pet Franchise in Pinellas County

Before you jump into your pet franchise in Pinellas County, it is important to understand what will be required of you. Along with this, you should understand what your right are as a franchise owner. While much of this will be reiterated during your training, you want to make sure that this is something you are going over before you buy the franchise.

The best thing you can do when you are considering a pet franchise in Pinellas County is to look over the entire document on your own. After this, you should have a lawyer look over the document for you. It is also a good idea to have your accountant go over this as well to ensure that this is something that is really in your best interest.

Small Business Franchise Financing Loan from Citibank

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When looking to open a small business one of the first things a franchisee must consider is financing. Unfortunately, opening a business is not necessarily the cheapest option. At Splash and Dash we offer franchise opportunities for under $60,000 but many people do not have $60,000 sitting around in a bank account. While some may have money in their retirement account they do not want to liquidate that to start their business. If you are interested in opening a pet store franchise and need financing assistance please feel free to reach out to us at 1-760-861-1071.

Citibank is one of the four largest banks in the United States along with Wells Fargo, Bank of America and JP Morgan Chase. If you are looking to finance with a bank that is located in most of the states, Citibank is definitely an option. While some people prefer a local or community bank there are others that want a bank that will be wherever they travel. You will not be able to pick up your Splash and Dash Franchise and move it, but there are times in which you will travel for business or pleasure and will need to access a branch location for your bank.

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In terms of the cost of a Splash and Dash franchise please check out our investment page. This will explain the Franchise Fee, training, grand opening marketing and furniture, fixtures & equipment. Note that we are one of the few franchises that offer opportunities for under $100,000 and even under $75,000. Recognize there are different concepts that will necessitate different financing requirements. As mentioned earlier, please contact us to better understand how much it will cost to get your small business up and running.

Rather than waiting until interest rates rise, it may be a good decision to consider getting your small business franchise financing loan today. Credit has not been as tight in recent years as banks and lending institutions are allowing borrowers access to more money. Interest rates are historically low and most borrowers will be able to qualify for a business loan that is in excess of $50,000. Remember that a credit score and financial history will determine the loan Citibank will offer in 2015, 2016 and beyond. Securing this money up front will make it easier to save cash down the road.