Pool Scouts Gets Ready To Go Nationwide
Pool Scouts is at 34 states and counting! If you haven’t been involved in launching a franchise, and chances are you haven’t, the previous statement doesn’t mean much. But those of us who have been involved, it is what gets up pumped every day!
Let me give you a little behind the scenes look at the process and then you’ll be celebrating with us each time there is a new state added to our list.
Launching a franchise requires several significant steps but one of the biggest is the legal aspect of the process, which includes filing a Franchise Disclosure Document, called an “FDD” for those in the biz.
What is a Franchise Disclosure Document you ask? The formal definition according to Franchising.com is that a franchise disclosure document “requires franchisors to give prospective franchisees material information, including background information on the franchisor, the costs of entering into the business, the legal obligations of the franchisor and the franchisee, statistics on franchised and company-owned outlets, and audited financial information. In addition, if franchisors elect to make any financial performance representations, the amended Franchise Rule requires certain disclosures and substantiation for those representations.”
Essentially, the FDD is the most important and significant aspect to launching a franchise. Typically comprised of over 200 hundred pages, the FDD aims at protecting both the franchisor AND the franchisee.
Aspects of the document include:
- Business Experience
- Initial fees
- Estimated Investment
- Franchisee Obligations
…to name a few. Once completed the document must be sent to each individual state within the U.S. that the franchisor wants to sell franchises in, and then the waiting game begins. There are differing levels of red tape to get through before an FDD can be officially filed in each particular state, but needless to say it is exciting when you get the word that a state has opened their doors to your brand.
While the local business here in Virginia Beach is growing every day, we’re beyond excited to bring the Pool Scouts brand to homes across the country. Right now we’re able to do that in 34 states including Indiana (our first official approval…go Hoosiers), Texas, Arizona, Virginia, North Carolina, Pennsylvania, Kentucky, Missouri and many more!
ABOUT POOL SCOUTS
Virginia Beach, VA-based Pool Scouts is a premier pool service franchise focused on delivering a quality, consistent brand experience while providing pool cleaning, maintenance and minor repair services at residential and commercial properties. Technicians are trained in testing, monitoring, treating and servicing pools and can provide ongoing service as well as help at the beginning and end of the summer season. Growing from its first location in Virginia Beach, Pool Scouts offers a great opportunity as a low cost franchise in the pool services industry with available territories across the United States. For more information or franchising opportunities, visit our website.