Before you sign the franchisor’s franchise agreement, it is crucial you go through these 7 questions before buying a franchise.
- How much will I realistically make?
- How much will it cost?
- How quickly will it ramp up?
- Will the franchise provide the support I need?
- What are others saying about this franchise?
- What is the potential exit value when I sell this business in the future?
- Can I see myself running this type of business?
I consider question #7 the most essential question to answer before buying a franchise.
Leave a Reply