Page 2 - Franchise Guide Book

FRANCHISEE CHECKLIST
FRANCHISING & DEVELOPMENT DEPARTMENT ➢ APPLICATION STAGE
 Application Submitted
 Credit Score & Full Summary Report Submitted
 Government ID Submitted
 Criminal Record Submitted
 Bank Statement Submitted
➢ INTERVIEW & APPROVAL
 MBI Overview Interview (Application Discussion)
 MBI Interview (Development Department)
 MBI Interview (Operations Department)
 MBI Interview(s) (Any other applicable departments)
➢ DOCUMENT STAGE
 Franchise Disclosure Document (FDD) Received
 Franchise Disclosure Document (FDD) Receipt Submitted
 14-day Due Diligence Completed
➢ FINANCING STAGE 1
 Construction Budget Template Received
 Financing Discussions with Bank
 Pre-approval Confirmation
 Financing Presentation (if applicable)
➢ POST-DISCLOSURE
 Articles of Incorporation Submitted
 Shareholder Agreement Submitted
 Lawyers Information Submitted
 Franchise Agreement (FA) Signed
 Franchise Fee Paid
➢ FINANCING STAGE 2
 Financing Complete
 Letter of Financing Approval
 Site Determined (where applicable) ➢ SITE SELECTION
 Site Selection Discussions
 Site Selection Confirmed
 Letter of Intent (LOI) signed
 Legal Documents signed with Confirmed Site
 Lease reviewed by Lawyer