Thursday, March 28, 2024

Buy a Franchise

Must Read

discussing proposal

One way to start a business is to buy into a franchise. When you buy a franchise, the risk is minimized since a well-established franchise has a proven business method with established products or services. You are not starting from scratch.


The Federal Trade Commission’s Bureau of Consumer Protection offers a comprehensive guide of buying into a franchise . They suggest asking the following questions:

  • What is the name and brand recognition for the company and its product or service
  • How long has the franchisor been in business?
  • how long the franchisor has managed a franchise system
  • How many franchised outlets exist? Where are they?
  • What is the initial franchise fee?
  • What additional start-up costs can you expect?
  • Are there continuing royalty payments? How much? What do other franchisees pay?
  • What management, technical, and other support does the franchisor offer?
  • What controls does the franchisor impose?

For more information about franchising, check out Starting a Franchise and the Directory of Home-Based Franchises Starting a Franchise Business

- Advertisement -spot_img

2 COMMENTS

Comments are closed.

Latest News

Come Up with a Great Business Idea

Choosing what business to start is one of the toughest decisions you will make. Here are the steps to help you come up with a great business idea.

Offer Excellent Customer Service

The quality of your customer service is critical to the success of your startup business. Great customer service is needed to attract and retain customers, and compete in the marketplace.

More Articles Like This

- Advertisement -spot_img