
You’ve done the research.
You’ve read the FDD cover to cover. You’ve talked to current franchisees. You’ve built financial models in spreadsheets at midnight. You’ve had the hard conversations with your spouse about risk, reward, or just getting another damn job.
Now you’re headed to Discovery Day. And you have questions.
Keep reading.
Discovery Day is Designed to Close You
Let me be blunt about something the franchise industry won’t tell you.
Discovery Day isn’t an educational event. It’s a sales event.
Now, that’s not a bad thing. Especially if you’re genuinely excited about the franchise opportunity and you’ve been hearing great things from existing franchisees.
Everything about Discovery Day—the timing, the location, the choreography—is designed to trigger one emotion: commitment.
- The facilities are impressive because they want you impressed
- The presentations are polished because they want you excited
- Franchisees on the panel are handpicked because they want you convinced.
And to be sure, you’ve invested months in this process. You’ve submitted financial documents. You’ve imagined yourself as an owner. Walking away now would feel like failure.
The franchisor knows this. That’s exactly why Discovery Day happens when it does in their sales funnel.
Most Franchise Buyers Don’t Bring The Right Discovery Day Questions to Headquarters
Here’s what I’ve seen after 25 years in franchise consulting.
Most people arrive at Discovery Day with excitement instead of a plan. They ask softball questions. They nod along during presentations. They trust the financial projections on the screen.
They get sold.
Then 6 months into franchise business ownership, reality hits. The support may not be what they promised. The territory could be more saturated that you first thought. And the financial model?
Turns out it was shall we say…optimistic at best, fantasy at worst.
And now you’re stuck in a 10-year agreement with your life savings on the line.
Note: What you just read are worse-case scenarios. Doing incredible due diligence can help prevent a lot of those things.
The Difference Between Success and Regret
You want to know what separates successful franchise owners from the ones who fail?
Smart Franchise Discovery Day questions.
The franchisees who built profitable businesses asked hard questions at Discovery Day. They didn’t worry about seeming difficult. They didn’t care if the franchisor got uncomfortable. They showed up to gather intelligence, not to make friends.
In addition, they asked about franchisee failure rates. They dug into Item 19 discrepancies. They questioned territory saturation. They demanded specifics about support ratios.
They treated Discovery Day like research, not romance.
I Created a Guide That Includes Crucial Discovery Day Questions for People Like You to Ask
I just put together a Discovery Day Survival Guide.
It’s everything I wish every franchise buyer knew before walking into the conference room at franchise headquarters.
Inside, you’ll get a plethora of strategic questions you need to ask at Franchise Discovery Day.
These aren’t generic questions you could Google.
They’re the ones that make franchise development directors pause. The ones that reveal truth instead of talking points.
Plus, you’ll learn the observation skills that will help you read between the lines during presentations.
And the decision pause protocol I want you to use that will prevent you from signing your franchise agreement under pressure.
This Isn’t About Being Cynical
Some people think asking hard questions makes you difficult.
I think it makes you smart.
You’re about to invest six figures and years of your life into a franchise. The franchisor gets their franchise fee whether you succeed or fail. Your franchise business attorney gets paid either way. The broker who referred you collects a ginormous commission regardless of your outcome.
The only person whose future depends on making the right decision is you.
So yeah, you should ask uncomfortable questions. You should dig deeper than the presentations. You should resist the pressure to sign on-site.
This is business, not a popularity contest.
Be Sure to Get the Discovery Day Survival Guide Before You Go
I’m giving this guide away free because I’m tired of watching franchise buyers make preventable mistakes.
And since I’m not a franchise consultant or broker, I can tell you things other people in this industry won’t.
- Like the fact that Discovery Day is theater. There, I said it
- Like the fact that those financial projections might be best-case scenarios, not typical results
- Like the fact that walking away after months of research isn’t failure—it’s just okay
With those things in mind, be sure to download the Discovery Day Survival Guide now. Read it before you go. Bring it with you. Use the questions. Follow the framework.
Because here’s what I know after two decades in franchising:
Franchise fortune favors the informed, not the impulsive.
Don’t go to Discovery Day unprepared. Don’t trust presentations over research. Don’t sign anything until you’ve done the work.
The questions franchisors don’t want you to ask are exactly the ones you need answered.
Go ask them.
About the Author
The Franchise King®, Joel Libava, is a leading franchise expert, author of "Become a Franchise Owner!" and "The Definitive Guide to Franchise Research." Featured in outlets like The New York Times, CNBC, and Franchise Direct, Joel’s no-nonsense approach as a trusted Franchise Ownership Advisor helps aspiring franchisees make smart, informed decisions in their journey to franchise ownership. He owns and operates this franchise blog.
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