Tuesday, January 18, 2011

Determining the Best Home-Based Franchise for You

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

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