In order to effectively handle the business side of any franchise, the Franchise Agency must be able to provide a proof of funds letter template to each and every franchisee. Since the cost of each franchise can vary greatly, it is necessary to have an accurate and effective template for each franchisor in order to track sales revenue. The proof of funds letter template, which is included in each franchise agreement, is very important in tracking down sales revenue.
If you are a franchisee, you must be aware that the franchisor does not maintain such letter template for their own use. As such, if you are planning to open a franchise, it is necessary that you purchase such proof of funds letter template from another franchisee. The benefit of this decision is twofold.
Firstly, the franchisor will get a copy of the letter template from another franchisee. While they cannot claim that such letter template is theirs, they can still claim that such proof of funds letter template was used by another franchisee. Secondly, the franchisor will not be able to maintain a copy of the letter template since the original is already under contract with another franchisee. It is therefore in their best interest to allow the other franchisee to sell the original proof of funds letter template.
What is more, the franchisee who purchased such proof of funds letter template is the one who is entitled to maintain such proof of funds letter template. In case of any disputes, this is the only piece of evidence available. This is highly beneficial for both the franchisor and the franchisee, since the franchisee has one less piece of information they have to consider.
In order to purchase such proof of funds letter template, the franchisor must first determine the maximum amount of money they would be willing to invest in the franchise. If the franchisor is not willing to invest the full amount of money that is required, the franchisor must also consider the franchisee’s ability to generate sufficient sales revenue. In addition, the franchisor must consider the franchiser’s needs for the franchise.
You must, however, understand that the franchisor cannot expect you to purchase such proof of funds letter template for them. If you are going to ask another franchisee to buy such letter template from you, then it is highly recommended that you provide such letter template to the franchisor on behalf of the franchiser. In such a case, you must always make sure that the letter template that you provide to the franchisor is unique and exclusive.
In the event that you do not purchase such letter template from the franchisor, you must know that you are not obligated to supply such letter template to another franchisee. In the case of any conflict between you and another franchisee, the franchisor is the one who has the right to control and direct the relationship. It is highly recommended that you contact the franchisor in the event of a dispute.
Therefore, the easiest way to acquire such proof of funds letter template is to ask the franchisor directly. It is recommended that you find a franchise agent who can provide such letter template for you. In order to ensure that such letter template is original and exclusive, it is strongly recommended that you purchase such letter template from a licensed franchise agent.