Path to Ownership

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2. Path to Ownership

#	Step	Notes	Method	Time	Elapsed Time	Forms to Complete
1	Application	You fill out the Franchise Application	E-mail	1 day	3 - 5 days	Franchise Application
2	Review	You review the Sears Franchise Disclosure Document (FDD). Discuss roles of Sears and the Franchise Partner. Discuss and eliminate any potential barriers regarding next steps.	Call	1 hr	1 day	Sign FDD Receipt, Sign Non-Disclosure Agreement (NDA)
3	Validation	You complete a Funding Application and a Letter of Intent.	Call	1 hr	4-7 days	Funding Application, Letter of Intent (LOI), Credit and Background Check
4		Introduction to the Sears brand facilitated by Franchise Development Team. Learn what it takes to be a Sears Franchisee.	Webinar	1 hr	1 day
5	Discovery	You travel to Ohio and meet with members of the Senior Leadership Team, Functional Departments Heads and opportunity to ask questions. Final determination made regarding partnership.	Visit	8 hrs	2 days
6	Approval	Final Application and Agreement Issued and Signed, payment received. You're part of the Sears family!	E-mail	8 hrs	3-7 days	Final Application and Franchise Agreement Signed
				Total	4-6 weeks