Have you ever researched a franchise?
If so, great. I hope you learned how to do it from me. Why?
Because no one knows how to do franchise research as well as I do.
I'm serious.
That said, here are 10 must-ask questions to ask the franchise development representative (franchise salesperson) on your first call:
1. How long has the company been in business?
2. How long have you been with the company?
3. How many franchise units does the company currently have?
4. What do you look for in a franchisee?
5. What is the total initial investment including the franchise fee?
6. Is there territory available in my area?
7. Do you offer financing?
8. What is the failure rate?
9. How long will it take to go through everything I need to know and make a decision?
10. What does the future hold for your franchise concept?
Fun fact:
"The Definitive Guide To Franchise Research" includes 70+ more questions every prospective franchise owners must ask the franchisor and the franchisees before buying the franchise of their dreams.
Grab my overpriced franchise research guide today.
“Joel is a down-to-earth straight shooter who provided me with practical advice on evaluating and engaging in the purchase process for a franchise business. In addition to consulting with him one-on-one, I purchased and read his E-Book The Definitive Guide to Franchise Research. Joel helped me effectively and efficiently evaluate the opportunity from an objective perspective. If you’re considering purchasing a franchise and haven’t done so before (and maybe even if you have), I highly recommend consulting with Joel for guidance. It was totally worth my time and money, and Joel helped me avoid making rookie mistakes! ”
– Michael Burns, Wichita, Kansas
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The Franchise King®
Joel Libava
216-831-2610
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