10 questions to ask before buying a franchise

The quality of the company that stands behind your franchise matters a great deal. Here are 10 questions to ask before you buy a franchise.

  1. What type of franchise is it?
  2. Have I read the franchising code of conduct?
  3. What does the disclosure document say?
  4. How many franchises does the organisation have?
  5. How much is the franchise fee?
  6. How much will you have to pay in royalties?
  7. Can you work with these people?
  8. How will the franchisor help you (e.g. in marketing, financial support etc)
  9. Is the franchise company legitimate?
  10. Is this the right opportunity for me, taking into consideration m skills, strengths and weaknesses?

By Allbusiness.com

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