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Re: sagar post# 7175

Thursday, 12/14/2006 12:18:39 AM

Thursday, December 14, 2006 12:18:39 AM

Post# of 19383
Hey,

I found this in an article on Entrepreneur.com:

"If you're interested in purchasing a franchise, you'll want to be sure to get a copy of their Uniform Franchise Offering Circular (UFOC) and review it from cover to cover. It's after you've contacted a franchisor and filled out their questionnaires to determine whether you fit the profile of "their kind" of franchisee that you'll receive two documents in the mail. One will be the UFOC, which contains 23 items of information about the franchise, and the other will be the franchise agreement. State and federal laws require that the franchisor give you these documents at least 10 days before taking your deposit and signing you on as a franchisee. If you don't receive them, you should be sure to ask about them."

So basically, I'm thinking that it would take an absolute minimum of two weeks from the annoucement before they could have any announcements regarding franchises. Also, from the Carvel Ice Cream site, their step-by-step guide to becoming a franchisee:

http://64.233.161.104/search?q=cache:LiLGD7ROi1UJ:www.carvel.com/franchise_steps.asp+from+UFOC+to+fi...

I think it's important that we get an idea of how long it should take to sign the first franchise deal. This way, we can say "Ok, if they haven't sold any by now, it means they're having trouble selling them."