When it comes to opening a business, most aspiring entrepreneurs consider the three main options—starting an original business from scratch, buying an existing business or franchise, or buying a new franchise territory.
The International FranchiseAssociation (IFA) describes franchising as: “A method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor’s name and system.”
Buying a Franchise Business – A Quick Start Guide
Buying a franchise business is a fantastic opportunity to be your own boss and create your own destiny. It’s also a large investment of your time and money. Every franchise opportunity is different, and choosing the one that best meets your unique needs and goals is critical to your success. This eBook will provide information and insights that can help you understand how to buy a franchise through research and due diligence. It includes an overview of franchising and insights from actual franchise owners across various industry segments. Download your copy to learn more about:
- Buying a Franchise Business
- The Pros and Cons of Franchising
- What’s Franchisee Satisfaction?
- Franchise Financing Options
- Questions to ask Franchisees
- Questions to Ask the Franchisor
- Common Franchising Terms
