A franchisor must deliver to a prospective franchisee its current Franchise Disclosure Document at least 14 days before the franchisee signs any agreement with the franchisor or pays the franchisor any money. Most franchisors have a pre-sale process that you must go through before most franchisor delivers the FDD to you. Once you get the FDD, the 14-day period is only a minimum period of time. You will want to review it, retain a franchise attorney to review it and negotiate changes, retain an accountant, prepare a business plan, line up your financing if necessary, and perform your due diligence including visiting as many operating franchised businesses as you can. This can be lengthy process but the franchisor should be assisting you with it.
Answered on Nov 19th, 2012 at 9:44 AM