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| Questions to Ask Before Buying a Franchise ? It's all about asking the right questions... Author: Franchise Finder Team |
| Are you trying to decide on what kind of Franchise to buy? There are various points that one needs to consider before making any kind of decision. The questions below are designed to help you distinguish which factors/qualities are important to you in running a business and therefore will help you in making a franchise choice. |
| 1. Do I want a home based business? |
| 2. Where will the franchise be located if it's not a home-based business? Do I want the franchise to be located in the city or the suburbs? |
| 3. Do I want to work five days a week? Six or seven? How many hours per day? |
| 4. Is there a specific industry I want to work in? |
| 5. Do I want a product or service franchise? |
| 6. Do I want a new or an established system? |
| 7. Do I want a large or small franchise system? |
| 8. What kind of attitude do I want from the franchisor? |
| 9. How important is name recognition? On a regional or national basis? |
| 10. Will I be happy with one or two franchised units or do I want to own multiple units or develop an entire area? |
| 11. How much can I realistically invest in a franchise (money that does not have to be borrowed or raised elsewhere)? |
| 12. How much should the total investment be? |
| 13. Do I need to find a franchisor that offers a low-interest financing program or has an established third party financing relationship? |