Steps To Ownership
Steps to Ownership for a Viyada Thai Spa Franchise
Initial Inquiry and Information Request
Contact: Prospective franchisees express their interest in Viyada Thai Spa and request additional information.
Information Packet: An initial packet is provided, detailing the franchise opportunity, business model, and benefits.
Franchise Application
Application Submission: Interested individuals submit a detailed application form, including information about their background, financial status, and motivations for owning a franchise.
Application Review: The Viyada Thai Spa team reviews the application to evaluate the applicant’s qualifications and alignment with the brand.
Franchise Disclosure Document (FDD) Review
FDD Provision: Qualified applicants receive the Franchise Disclosure Document, which provides comprehensive details about the franchise, including legal obligations, fees, and the franchisor-franchisee relationship.
FDD Review Period: Applicants are allowed at least 14 days to review the FDD, during which they are encouraged to seek advice from legal and financial professionals.
Discovery Day in Boston, MA
Discovery Day Event: Applicants are invited to participate in Discovery Day at the company's headquarters in Boston, MA. This event includes detailed presentations, a tour of existing locations, and meetings with the management team.
Q&A Session: Attendees have the opportunity to ask questions and gain deeper insights into the operational aspects and culture of Viyada Thai Spa.
Franchise Agreement
Review and Negotiation: Post-Discovery Day, if both the franchisor and the applicant decide to move forward, a franchise agreement is presented. This contract outlines the terms, conditions, and responsibilities of both parties.
Awarding the Franchise: Upon agreement and signing of the franchise contract, the franchise is officially awarded to the new franchisee, granting them the rights to operate under the Viyada Thai Spa brand.