| Step 1. The Initial Enquiry
The first step is to thoroughly read the information above. If you are still interested in pursuing a Consignment Canada™ franchise, you should complete and submit the Initial On-line Enquiry Form located at the end of this section.
During this phase we will:
- Explain the total level of investment and minimum cash requirement
- Determine your preferred territory
- Discuss your time frame to opening
- Provide you with our Request for Information and Consideration Form
Step 2. Franchise Application
Once you have confirmed a definite interest in a Consignment Canada™ franchise and you are satisfied that you can meet the financial obligations we will forward to you a Request for Information and Consideration Form for you to complete and forward to our Corporate Office for our review.
Step 3. The Personal Meeting
We will review your Request for Information and Consideration Form within 5 business days. If you are qualified, your application will move forward in the award process and we will arrange a personal meeting at which time you will be required to execute a Confidentiality/Non-Disclosure Agreement prior to being provided with more in-depth information.
Step 4. Offer to Purchase Agreement
Should we mutually decide to proceed, the next step is for you to execute our standard form of Offer to Purchase Agreement and pay a deposit of $5,000, which is fully refundable.
At this time we will provide you with a copy of our Franchise Agreement.
Step 5. Review the Franchise Documentation
Once the Offer to Purchase Agreement has been executed and the deposit has been paid you will have 15 days to:
- Have the Franchise Documentation reviewed by a lawyer who is experienced in the field of franchising *
- Execute the Franchise Agreement and pay the balance of the initial franchise fee (plus GST on the full amount of the initial franchise fee).
If during this 15-day period, you decide not to proceed with the franchise or we elect not to proceed with your application, your entire deposit will be returned to you without delay.
* We thoroughly review the Franchise Agreement with you so that you have a clear understanding of what is involved before you have it reviewed by a lawyer.
Step 6. Find a Location
If a location hasn’t already been determined, your search for a suitable location within your territory will commence. Selecting the best location for your business is one of the most important decisions you'll ever make. We will provide you with our preferred site selection criteria to assist you in making the right decision about your location.
Step 7. Initial Training Program
While your store is being developed, you will attend the 10 day Initial Training Program at our Corporate Store in North Vancouver, British Columbia.
Step 8. Commence Business
You commence business as a Consignment Canada™ franchisee.
NOTE:
This Mutual Investigation Process has been designed to assist the franchise applicant in determining if a Consignment Canada™ franchise meets their requirements. The profile contains all of the necessary introductory information to help you in assessing a Consignment Canada™ franchise; however, it does not contain any detailed financial information. Once an application has been submitted, and an applicant has passed the initial qualifying process, more detailed information will be released.
We reserve the right in our sole discretion to change and amend the sequence of events without notice.
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