Joining a franchise is a significant decision that requires careful consideration and thorough research. At GoFox, we believe in transparency and support throughout the entire process, ensuring that potential franchise owners are fully informed and confident in their decision to join our growing network as a franchise owner. Here’s a detailed look at the steps involved in the due diligence phase of becoming a GoFox franchise owner.
Step 1: Initial Phone Call
The first step in your journey with GoFox is generally an informal phone call and chat to answer any questions you might have about starting a GoFox franchise in your region. During the call we will address any concerns you may have and discuss general suitability and confirm experience, qualifications and current status so that we can make a decision together on whether or not taking on a GoFox franchise opportunity is right for both parties.
Step 2: Disclosure Document Overview
This step in the process is designed to allow prospective franchise owners to get to know who GoFox is, what the network provides and to discuss the commercial elements to an agreement (i.e. what it costs). This serves as a way for both parties to rub shoulders and get to know each other before deciding whether or not to proceed with a more formal due diligence phase.
Step 3. Due Diligence: Franchise Agreement Review
If both parties agree that a GoFox franchise is on the cards then it is time to review the Franchise Agreement. We provide you with a draft copy of this agreement early in the process, giving you ample time to go through the terms and conditions. This document outlines the detailed arrangements, expectations, and obligations for both parties, ensuring that you have a clear understanding of what’s involved in becoming a GoFox franchise owner. Reviewing this agreement is crucial for aligning your goals with ours and ensuring that the partnership is mutually beneficial.
Step 4: Cost Comparisons
One of the significant benefits of joining a franchise is access to better pricing through national agreements. At GoFox, we offer you the opportunity to compare key product prices, showing the difference between your current local buy rates and our GoFox rates. Our nationally negotiated rates with preferred suppliers often result in substantial savings, which can have a positive impact on your bottom line. This comparison helps you understand the financial advantages of being part of the GoFox network and the value it can bring to your business.
Step 5: Connect with Current Franchisees
To give you a transparent view of what it’s like to be part of the GoFox team, we connect you with our current franchisees. Speaking with fellow electricians and plumbers who have already joined GoFox provides you with firsthand insights into their experiences, the support they receive, and the challenges they’ve faced. These conversations are invaluable for getting an honest perspective on what it means to be a GoFox franchise owner and can help you gauge whether this opportunity aligns with your personal and professional goals.
Step 6: System Demonstration
Understanding how our systems work is key to your success as a franchise owner. We arrange a demonstration of the GoFox system with an in-house expert. This demonstration covers everything from day-to-day operations to long-term management tools, giving you a clear understanding of how our systems can streamline your business processes and improve efficiency. The GoFox system is designed to support you in running a smooth and profitable business, and this demonstration will show you how it works in practice.
Step 7: Meet with the Managing Director
As part of the due diligence phase, we arrange a meeting with Mike Fraser, our Managing Director at GoFox. This is more than just a formality—it’s an opportunity for you to get to know the leadership behind GoFox and to ask any questions you might have about the franchise opportunity. Mike’s insights and experience are invaluable, and this meeting allows both of you to assess whether there’s a good fit. It’s a chance to discuss your vision, expectations, and how GoFox can support you in achieving your business goals.
Making an Informed Decision
These steps in the due diligence phase are designed to ensure that you have all the necessary information and support to make an informed decision about joining the GoFox network. We understand that becoming a franchise owner is a big commitment, and we want you to feel confident that a GoFox Electrical or Plumbing franchise opportunity is the right choice for you.
From reviewing the franchise agreement and comparing costs to connecting with current franchisees and meeting with our Managing Director, each step is an opportunity to learn more about GoFox and to determine if this is the right path.
Ready to Take the Next Step?
If you’re ready to explore the possibility of joining GoFox as a franchise owner, we’re here to guide you through the process. With our comprehensive support and proven business model, you’ll be well-equipped to build a successful and rewarding business. Contact us today by filling out the form at the bottom of our https://gofox.nz/start-a-franchise/ website page to start your journey towards becoming a GoFox franchise owner.
