Purchasing a franchise can be an exciting, but overwhelming endeavor. It comes with inherent risk, but seeking guidance from experienced professionals can help you determine the expected costs and value, ensure you are legally protected, and are purchasing the franchise the right way. Though this may add to your overall cost, it is well worth
To follow up our blog post from Monday (if you missed it, click here to read the full post) on ways you can better prepare yourself to buy a franchise, we mentioned that possibly the single-most important thing you can do before you buy a franchise is to talk to active and former franchisees. The
Why did you select this franchise over others? What is your background? Does the franchisor provide quality training and support as promised? How many hours a week do you work? Are you profitable? If so, how long did it take for you to become profitable? How much of a capital reserve did you start with?