Questions about buying a franchise?
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Before you buy a franchise, make sure all your questions
have been answered. Our franchise experts are here to help
you find the best franchise opportunity to meet your goals.
ASK FBR | JANUARY 25, 2008
Wow... that's a tough one! It's similar to buying a car or a house - there is a huge range in price between various franchise opportunities. What's important to understand are three key pieces of information related to cost: 1.) initial capital required, 2.) total initial investment, and 3.) on-going or recurring costs. Here's the breakdown...
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ASK FBR | JANUARY 25, 2008
I am often asked whether or not it is a good idea to invest in a “hot, new franchise concept” or to go with a “safe” established brand. Certainly, established franchise brands typically have a higher success rate as compared to younger franchise systems. Yet, while investing in a new franchise concept may come with higher risks, the return on your investment, if successful, may be higher as well. Which is right for you? The answer really depends on two factors: you and the franchise itself.
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ASK FBR | JANUARY 17, 2008
1.) What characteristics make your top-performing franchisees successful and what is it specifically about my background that you think makes me a good fit for your system? This will let you know immediately if they have really done their homework on you and think you are truly a good fit for their system or if they are just looking to sell you a franchise. Listen carefully to their response. Make sure they are addressing items specific to you and not just general fluff.
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ASK FBR | JANUARY 17, 2008
A UFOC (pronounced “U-Foc” or simply “U-F-O-C”) is a standardized legal document that every franchise company is required by law to have and distribute to prospective franchisees. If you are seriously considering the purchase of a franchise, the franchisor is required to give you a copy of this document at least 10 days before you can sign their franchise agreement.
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ASK FBR | JANUARY 17, 2008
Great question! And the answer is… it depends. I know that sounds like a cop-out for an answer to the question but it really boils down to two key variables: 1.) which franchise are you thinking about buying, and 2.) You.
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