6 issues for $14.97 Subscribe Now
Subscribe via RSS Feed

What Should I Ask A Franchisor?

[ 0 ] Oct. 10, 2013 | SBO Editor

Interested in buying a franchise and becoming a franchisee? You’ll be meeting with the franchisor and to make sure the ‘fit’ is right for you, ask

  • Does the franchisor staff attend seminars on franchising and management?
  • Do field consultants offer help and guidance or merely act in a regulatory role?
  • How many franchises are expected to be added each year?
  • Where will they be located?
  • What is the success rate of existing franchises?
  • What method is used to protect franchisees from poorly performing franchises?
  • Is there a franchise owners association?
  • Is there a franchise advisory council?
  • Who owns the trademarks, service marks, etc., and are they federally registered?
  • Are there any disputes pending or threatened against the trademark.
  • Has the franchisor complied with the FTC and state disclosure laws?
  • Are any senior management or key personnel leaving the system?
  • Does this company compete with the franchisees in the marketplace?
  • Will the franchisor finance any of the costs?
  • Is the franchisor willing to negotiate the terms of the franchise.

Tags: , , , , ,

Category: Features