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