• • • FRANCHISE TIP • • •
Interview the Franchisor
- What type of support will the franchisor provide once your franchise has opened its doors?
- Find out if any franchisees have been terminated. If some have, have the franchisor detail the reasons. Have any franchisees failed or gone bankrupt?
- What kind of financing is available from the franchisor, if any?
- Find out if there are any current lawsuits pending against the franchisor. Have them elaborate on any past judgments.
- Find out how disputes between the franchisor and franchisees are settled.
- Will the franchisor assist in site selection? It will be of enormous help if it does.Whether it does or not, do your own demographic study so you are familiar with the profile of the audience within the market area.
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