One of the most exciting new franchises in Canada is "Got My Kids". Their innovative and proven line of products and services have helped them to be one of the most successful franchises in recent Canadian history. The first savings program for the entire family with the "Got My Kids Saving Card". This card grants you yearly membership to there savings program that incorporates both local child care service providers and national retail brands. For example you will get huge savings from your local merchants, restaurant, entertainment venues, sports clubs, children clothing and tutoring and many many more.
Related Franchise Categories
Discount Club Franchises
Savings Program Franchises
For more information on owning a Got My Kids franchise, please visit the official Got My Kids website here.
Franchising Tips and Facts
When considering whether or not to invest your money in a Got My Kids franchise, be sure to ask if you will be required to purchase products and supplies from the parent company. If so, compare your cost to the local retail prices of the same goods. There have been instances in the franchise industry where the price from the franchise company for goods was higher than the price of the same goods in local retail stores. Selling anything under these conditions would make it quite difficult to keep your prices comparable with your competitors.
If you are interested in buying a Got My Kids Franchise, then you will most likely be requested to complete a formal franchise application, which will involve typically a credit check and sometimes a background check. If you meet the franchisors guidelines, then to move forward then by law the franchisor is required to send or provide to you a disclosure document, known as a Uniform Franchise Offering Circular (UFOC). Read the UFOC carefully and have your lawyer go over it as well, since it will include a vast amount of information on the franchise such as: history of franchise and its key principals, financial statements, litigation, franchise openings/closings/terminations, franchisee contacts, franchise agreement, requirements, and more.
If you are concerned about the risk involved in a opening a new, independent business venture, then a Got My Kids franchise opportunity may be the best business option for you. But remember that hard work, dedication, and sacrifice are essential to the success of any business venture, including franchising.
Franchising opportunities provide brand recognition, management and administrative systems, and a proven business model to small business owners. In theory, this should result in Got My Kids franchises having higher success rates than non-franchise business opportunities. But in practice, franchises can and do fail.
How much can you make if you own a Got My Kids Franchise? By law a franchise salesperson cannot provide you with an Earnings Claim, unless it is included in the disclosure document. There is no legal requirement that the franchisor must provide you with an Earnings Claim, however some franchisors do provide it. If the franchisor has chosen not to provide it, then it remains important to contact other franchisees listed in the disclosure document. Other Got My Kids franchisees can answer many of your questions. Many franchisors will also require you to visit their headquarters before signing the agreement, so that you can both get to know each other better. This is known as Discovery Day.
Please Note: Got My Kids, and other
franchise opportunities, business opportunities,
businesses and franchises listed on this web site are not to be
considered as an "offering," suggestion or approval by
DialyFranchises.com. As always, we recommends seeking the advice of a lawyer, financial consultant or
accountant before purchasing a franchise or business opportunity.
