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How To Start Your Franchise

How To Start Your Franchise

TEN STEPS TO STARTING A FRANCHISE

  1. Apply online to receive some basic information including approximate costs. It is important that you read through the CEFA website, to know more about our schools, and through the CEFA franchise website, to make sure that owning a franchise is right for you. Also look at the areas available. If the area you are interested in is not on that list, suggest it to us and we can see if it is suitable.
  2. Visit a school. Find out when our schools are hosting open houses and attend one, to get a feel for our schools. Please be mindful of our Franchise Partners’ time. They or their staff have opened their school to prospective families who wish to find out more about the school, and who are wanting to enroll their children. It would not be respectful to corner them and ask them all about what it’s like to run a franchise. We are happy to answer all of those questions for you at cefa systems, or if you wish, you can ask to schedule a phone call with them, but only once you have been disclosed, where they can tell you more about what it is like to own a cefa franchise. We receive many franchise inquiries and we do not want our Franchise Partners to feel they are constantly being asked about franchising by people we have not even qualified or accepted yet. Once the Franchisor feels that you would make a good franchisee, and you are given the Franchise Disclosure Document to review (before you commit to anything) you can talk to our Partners.
  3. Come and visit the CEFA headquarters. Get to know our team in person, and if we are to proceed with you as a potential candidate, we need to meet you in person, too! Once we have reviewed your preliminary application and have established that you would make a good candidate for owning a CEFA school, come and meet us. We are located in Vancouver, British Columbia. If you live in a different part of the world, we can arrange for a video chat instead for the first meeting. If the meeting goes well, you will be invited to apply, and given our FDD (Franchise Disclosure Document) to review.
  4. Meet our Team. One of the things you will love most about us as the Franchisor is our people. We are very proud of our Team, and we know you will be very happy with them as well. They are the people who will support you from the very start and through every step, in every aspect of your business operations, including, but not limited to, marketing, advertising, IT, finance, training and real estate.
  5. Read through the franchise disclosure document (FDD). All franchisors in Canada (and in many other countries) are required by law to supply this document to prospective franchisees. The FDD tells you everything you need to know about a franchise, and it is important that you take the time to read it.
  6. Review the terms of your franchise agreement. If after you have visited a school, met the Team at the Head Office, and read the Franchise Disclosure Document, you would like to proceed with opening a CEFA school, the franchisor will give you its franchise agreement, which lists your obligations and theirs.
  7. Obtain financing. Opening a school is quite capital intensive, and many applicants will need to apply for financing, for at least part of the funds required. If this is your case, we can definitely help you with the process, by providing you with a business plan, banking contacts and options to ensure that you have the best chances of obtaining financing. Most of our applicants apply for a Canadian Small Business Loan, with our help.
  8. Locate a suitable site for your business. Many franchises have specific site requirements that your business will need to meet. These may include things such as square footage, a minimum lot size and a minimum number of parking spaces. A high-quality franchise will have amongst their staff, real estate experts who will help you with the process of finding a suitable site.
  9. Receive training. You will need to complete a series of training courses, either at the franchise’s corporate headquarters and/or online, that will teach you everything you need to know about how to operate a franchise.
  10. Prepare to open your business. If you have never opened a business before, which includes many different things that need to be done, this process can seem daunting. A franchise with best-in-class support will provide assistance with this process, usually in the form of a team who will work with you to ensure your business has everything it needs prior to opening.

604 708-CEFA (2332)

Take the first step towards owning your own business. Fill out the application to receive more information about owning a CEFA Private School Franchise.


How did you hear about CEFA?