There were some complications before the closing that related to the referring entity. My client was being charged a fee from them for a service that they were buying outside of being awarded a franchise. The client didn’t feel comfortable with the amount of the fees and spent some time negotiating those which held the deal up for 2 additional weeks. Once they had settled on a fee, the paperwork was sent and we scheduled a meeting to sign.
We scheduled another meeting to collect the check and sign the paperwork. I also had the client sign an acknowledgment for my insurance and records indicating that they made their franchise decision on their own and did their due diligence to arrive at the decision to purchase a franchise. Since the Franchisor would be doing a mail-away signature, the client signed the paperwork and we over-nighted it with the check. The franchise was awarded and all parties gained from the transaction. We created a win-win-win-win situation. The next step for my client was arranging training which had already been penciled into the Franchisor’s calendar. We called the Franchisor to tell him about the mailed package and to inform him of the confirmation of training.
My client was one step closer to opening his own STOP business!
