Here are several considerations in evaluating a franchise for your home-business setting:
*Request the Uniform Franchise Offering Circular (UFOC) and copies of their franchise
agreements that interest you, to acquire a better understanding of their operations.
Make a list of questions to ask about anything that is unclear.
*Visit several of the operating franchises and talk to their franchisees
for their feedback about working with the franchise company.
*Visit the franchise's headquarters and ask permission to observe
the training sessions.
*Ask about the company's expansion plans and whether their franchises
have exclusive territories; or do they compete against one another.
*Ask if this franchise can be operated from a home-based office.
*Consult with a lawyer familiar with franchise agreements.
Investing in a franchise provides the franchisee (the investor) with
a turnkey operation and a company's backing.
Suggested Resource:
International Franchise Association - www.franchise.org
No comments:
Post a Comment