A critical success factor when buying a franchise business is ensuring that you do the maths! Spend time on the financial issues and be fully aware of the implications. These include: How much does the franchise cost? What is the upfront franchise fee? (usually not financed) How much is required for working capital? Are there any…

franchise-business-market

  As much as you need to evaluate the franchisor it is also important that you take responsibility for evaluating and investigating the market for a viable franchise business. It is questions such as the following that you should be asking: Is the business sector healthy or in decline? What is the product or service…

franchise evaluation

As much as the franchise business owner may be choosing you… you are also choosing them. It is therefore necessary to evaluate the franchisor and examine their track record closely. It is now required by law that a franchisor provide you with a Disclosure Document. This is usually after you have signed a confidentiality agreement…

When you are faced with the opportunity of investing in a franchise business it is important that you do all your homework. The old adage of “let the buyer beware” is applicable in this case. A potential franchisee needs to take the following steps when investigating a franchise opportunity: Do a self-evaluation Research the franchisor…

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