Decision Making Checklist
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- Winfred Henderson
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1 Franchise Candidate This Decisin Making Checklist is designed t prvide yu with a step-by-step guide t the items yu need t cmplete r schedule as yu investigate the Wild Birds Unlimited (WBU) franchise pprtunity. Refer t this Checklist ften as yu review this pprtunity. Wild Birds Unlimited Public Website Wild Birds Unlimited Franchise Develpment Website Wild Birds Unlimited Franchise Develpment Department Phne: (888) Fax: (317) Paul Pickett, Chief Develpment Officer pickettp@wbu.cm Skype: paul.pickett7 Lisa McGill, Manager f Franchise Develpment Cheryl Miller, Executive Assistant Wild Birds Unlimited Ptential Franchisee Prtal Access mcgilll@wbu.cm millerc@wbu.cm My User Name: My Passwrd:
2 Owning Yur Own Wild Birds Unlimited Franchise Step-by-Step Prcess Step 1. Request Infrmatin: and Cnduct call with Paul Pickett, Chief Develpment Officer r Lisa McGill, Manager f Franchise Develpment, t answer yur preliminary questins, understand the WBU pprtunity, review the Bird s Eye View sectin f the Virtual Brchure and get t knw each ther better Cmplete rating and answer cnfirmatin questins n Bird s Eye View sectin Lisa/Paul will pen and review A Saring Opprtunity sectin f WBU Virtual Brchure Lisa/Paul will schedule next call Additinal infrmatin, if yu are pursuing the purchase f an existing WBU stre: Lisa/Paul will call the wner f the existing WBU stre and ask them t set up a meeting t give yu a Cnfidentiality Agreement t review and sign. This will allw the wner t prvide yu with histrical financial statements, sales reprts and an asking price. WBU, Inc. recmmends that yu take this infrmatin t yur accuntant, attrney r business advisr t get advice n hw t value the WBU stre that yu are cnsidering purchasing. Step 2. Validatin: Review A Saring Opprtunity sectin f WBU Virtual Brchure in detail Begin yur Validatin - Yu must review the Franchise Business Review Survey t mve t the next step f the Franchise Develpment prcess and get access t the WBU Franchise Disclsure Dcument. We als recmmend that yu visit and call at least 1-2 existing WBU franchisees as sn as pssible and then cntinue thse validatin calls and visits thrughut this prcess. Dwnlad Visitatin Curtesies & Stre Address List Call a minimum f 4-5 existing WBU Franchisees We recmmend that yu speak t many mre existing WBU Franchisees prir t making a final decisin abut jining the WBU Team We recmmend that yu call stres bth in and utside f yur area f interest Visit a minimum f 2-3 existing WBU stre lcatins Review the Franchise Business Review Survey available frm A Saring Opprtunity sectin f the WBU Virtual Brchure Cmplete rating and answer cnfirmatin questins n A Saring Opprtunity sectin Additinal infrmatin, if yu are pursuing the purchase f an existing WBU stre: Discuss yur business advisr s cmments n their evaluatin f the value f the WBU stre yu are cnsidering purchasing. While WBU, Inc. cannt give yu an assessment n the value f any individual WBU stre, we can discuss the prcess f valuing a retail business.
3 Step 3. Wild Birds Unlimited Franchise Disclsure Dcument: Cnduct scheduled call with Lisa/Paul t g ver what yu learned during yur validatin calls and visits and t decide if yu want t cntinue yur investigatin f the WBU pprtunity Lisa/Paul will pen and review Seeds f Success sectin f WBU Virtual Brchure Decide n delivery methd (dwnlad frm Virtual Brchure r we will mail yu a hard cpy) f Franchise Disclsure Dcument (FDD) Lisa/Paul will schedule next call t discuss the FDD If yu decided t dwnlad the FDD frm the Virtual Brchure, fllw the directins in the FDD Cver Letter Review Seeds f Success sectin f WBU Virtual Brchure in detail Dwnlad Persnal Financial Statement frm Virtual Brchure, cmplete and submit t WBU, Inc. Cmplete rating and answer cnfirmatin questins n Seeds f Success sectin f WBU Virtual Brchure Review FDD in detail, making nte f any cmments r questins that yu want t g ver in mre detail during yur FDD call Cnduct scheduled call with Lisa/Paul t g ver the FDD in detail and t decide if yu want t cntinue yur investigatin f the WBU pprtunity Additinal infrmatin, if yu are pursuing the purchase f an existing WBU stre: Lisa/Paul will yu a list f tpics t address in the Letter f Intent that yu will prvide t the seller that addresses the material terms (price f the business, amunt f inventry at transfer, amunt f training seller will prvide, hw custmer liabilities will be dealt with, etc.). This Letter f Intent is very similar t a first ffer that is given t the seller f a huse in a residential real estate transactin. Once yu draft the first versin f this Letter f Intent, please submit it t Lisa/Paul t ensure that all f the necessary tpics are included. Please nte that just like buying a huse; yu may have several back and frth ffers between yu and the seller befre settling n the final terms f the sale. Step 4. Business Planning and Financing: Lisa/Paul will pen Learning Hw t Fly sectin f WBU Virtual Brchure and review it with yu Yu will be able t dwnlad the Sample Business Plan, Prjectin Wrksheets and additinal infrmatin regarding packaging yur lan request. We will als prvide yu much mre infrmatin n financing resurces we have develped fr prspective franchisees wh are attempting t get financing fr the pening f their WBU franchise. Lisa/Paul will schedule call t discuss yur prgress n yur Business Plan and Financial Prjectins Begin drafting yur Wild Birds Unlimited Business Plan and wrking n yur Financial Prjectins
4 Cmplete rating and answer cnfirmatin questins n Learning Hw t Fly sectin f WBU Virtual Brchure Send a draft f text prtin f yur Business Plan t Lisa/Paul fr review Cnduct call with Lisa/Paul t discuss yur Business Planning Prcess and Financing Optins and decide if yu want t cntinue yur investigatin f the WBU pprtunity Additinal infrmatin, if yu are pursuing the purchase f an existing WBU stre: Once yu have agreed t the terms f the sale with the seller, Lisa/Paul will prvide bth the buyer and the seller with the Wild Birds Unlimited Purchase Agreement Guidelines t prvide t the attrney wh is drafting the Purchase Agreement. WBU, Inc. des need t apprve the final versin f the Purchase Agreement prir t it being signed by the buyers (yu) and the seller. Step 5. Visit the Wild Birds Unlimited Franchise Supprt Center: Lisa/Paul will pen Jin the Flck sectin f the WBU Virtual Brchure and review it with yu Lisa/Paul will yu access t ur nline Zracle reprt Cmplete the Zracle reprt and discuss results with Lisa/Paul G ver any last questins and cmments that yu have regarding the WBU pprtunity Cmplete rating and answer cnfirmatin questins n Jin the Flck sectin f WBU Virtual Brchure We will run a credit and backgrund check. We will send the frm t cmplete and submit that allws us t run the backgrund check. Schedule and cmplete yur Pre-Jin the Flck day call with ur COO. This call will take apprximately ne hur. Schedule yur Jin the Flck day Step 6. Final Decisin Day Cnduct yur Jin the Flck day at the Wild Birds Unlimited Franchise Supprt Center Lisa/Paul will cntact yu immediately after yur Jin the Flck day t reslve any final questins that either f us has. If the decisin is t mve frward with yur pening f yur wn Wild Birds Unlimited stre, we will then send yu Reservatin Agreements r Franchise Agreements t sign and will then begin the Site Selectin Prcess. Additinal infrmatin, if yu are pursuing the purchase f an existing WBU stre: If the decisin is made t mve frward n yur purchase f an existing WBU stre, we will send yu Franchise Agreements and additinal assciated dcuments that will be signed n the day f transfer.
5 Training Infrmatin Yu must have a signed Franchise Agreement in rder t attend the Wild Birds Unlimited New Owner Training sessin. We require that yur Franchise Agreement is signed at least tw weeks prir t the scheduled training sessin s that yu have ample time t cmplete yur Online WBU Learning (OWL) mdules befre attending yur training sessin. If yu are purchasing an existing WBU stre, yu will sign yur Franchise Agreement the same day yu sign yur fficial Purchase Agreement with the seller, which must als be a minimum f tw weeks prir t attending yur training sessin.
6 Wild Birds Unlimited Franchise Opprtunity Items t cmplete r schedule as yu investigate the WBU franchise pprtunity Analysis f Opprtunity: apprximately 1-3 mnths frm initial inquiry Initials Target Cmpletin Date: I have reviewed the entire WBU Virtual Brchure I have cmpleted and submitted the WBU Qualificatin Frm I understand the WBU Missin, Visin, Values, Strategy and Custmer Experience-Driven culture I understand the bird feeding industry and the WBU cncept I understand franchising and am cmmitted t wrk within the WBU Franchise Business Frmat I have talked t a minimum f 4-5 existing WBU stre wners I have visited a minimum f 2-3 existing WBU stres I have reviewed the mst recent WBU Franchise Business Review Franchisee Satisfactin Survey I have received the WBU FDD I have signed and returned the FDD Receipt page I have received answers t FDD and Franchise Agreement questins frm WBU and my legal cunsel I have supplied all requested financial infrmatin t WBU I have cmpleted my business plan and prjectins I have applied fr financing I have cmpleted and reviewed my Zracle prfile I understand hw the WBU franchise stres perate I have received satisfactry answers t all questins regarding the WBU business pprtunity I have cmpleted my Jin the Flck day and been apprved t jin the WBU franchise system Financing has been apprved
7 Additinal Things t Knw and Questins t be Answered t Make an Infrmed Business Decisin Item Date Cmpleted
8 Reasns t Jin the Wild Birds Unlimited Franchise System
9 WBU Stres Cntacted During Validatin WBU Stre - City, State Spke With Cntact Date Type f Cntact Ntes
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