How to Start Cinnabon Franchise
Cinnabon stores are usually found in mall food courts and they sell cinnamon rolls, and other baked treats. If you are looking for a modestly priced opportunity to own your own store, consider buying a Cinnabon franchise. The company offers full training, marketing assistance, and lots of other perks to their franchisees. If owning a small retail snack-type shop appeals to you, read on to get valuable direction on starting your very own Cinnabon franchise.
Instructions
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Visit the company website to get basic Cinnabon franchise information. You can also view the mall opportunities that are currently available for franchising opportunities.
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Fill out a Request for Consideration. You will need to provide your name and address, as well as some basic financial information including your liquid assets, debts, other assets, and net worth. You will also need to provide information regarding your past business experience. This is not a commitment to open a store, it only shows your interest and allows the company to make contact with you.
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Set up a meeting with a Cinnabon franchise sales representative. They'll explain how their opportunities work, explain the process, and will provide you with capital requirements to start your own store. They will also provide you with a required disclosure document, called a UFOC.
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Look over your UFOC carefully and have your attorney look it over as well. You cannot return it for at least 10 days. Take this time to really research the company and to make sure that this is the best opportunity for you.
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Research financing options if you'll need it to open your store. There is no point in applying to be a franchisee if you can't get financing. The company does not offer financing, but they may be able to put you in touch with lenders who specialize in this kind of financing.
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You are now ready to complete the Cinnabon franchise application. There are employees who will assist you in preparing your application for review. Once you have it complete with all required documentation, you can submit it with your application fee. It will then be reviewed and you will be notified when you are approved.
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Review and sign the franchisee agreement. You have to keep this document for five days before you can sign and return it and it should be looked over by an attorney as it is a legal contract.
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Tips & Warnings
If there is not a Cinnabon franchise available in your area, check to see if you can purchase an existing store - there are often owners who are looking to sell.
Comments
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jbechtold
Mar 08, 2009
If only every store in the mall in my area was not closing. Great steps and if things turn around in the future I might do something like this.5*