11 Questions to ask before buying a franchise

One of the best ways to see if a franchise you are considering will be a good fit for you is to talk to existing franchise owners. You can usually find a list of current and former franchisees under Franchise Offering Circular Uniform (UFOC) that the franchisor should provide a copy.

Just start calling people on the list. Tell them that you are interested in buying a franchise and would like to speak to their experience with the company. Someone will talk to you at that time, others will call you back, some do not speak at all.

Ask them the following questions will be following them Ive is a good starting point to determine if the right franchise for you.

1. How long have you had your business?

2. Is your business growing as expected?

3. It was the training provided useful franchisor to make it take off?

4. The franchisor respond to your needs?

5. There were problems that were not expecting?

6. What conflicts (if any) you / did you have with the franchisor?

7. Your experience has shown that investment and cost information in the UFOC are realisiic?

8. There were no hidden charges?

9. What is the downside that you have found with this company?

10. Tell me about a typical day management of your company.

11. Knowing what I know now, would you make this investment back?

This should give you a general idea if this franchise is the right one for you. It will also give you an idea of ​​how you think the affiliates of the business .......