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How To Evaluate Franchise Opportunities
Like any other investment, purchasing a franchise is a risk. When selecting a franchise, carefully consider a number of Read more...
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Franchise-chat.com Welcomes 200th Discussion Forum Member
Franchise-chat.com (http://www.franchise-chat.com), the global franchise news, information and discussion portal, is pleased to welcome the Read more...
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Things You Need To Know Before Buying A Franchise
Franchise businesses such as McDonald's, Burger King, and KallKwik Printing, are booming.The people setting up franchise ideas and businesses know a goodthing, and are really promoting this Read more...
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Things You Need To Know Before Buying A Franchise
Franchise businesses such as McDonald's, Burger King, and KallKwik Printing, are booming.The people setting up ideas and businesses know a goodthing, and are really promoting this idea.Franchises for just about every conceivable kind of business arebeing sold in ever increasing numbers.Some franchises are very good. They treat both the franchiser andthe franchisee very well.Others are very one-sided.Others are almost total rip-offs, that trap one into paying ten tofifty times the actual value of the business idea, equipment, orwhatever it is they are trying to get you to buy.Before putting any money into a franchise, you should investigateeverything completely.We've prepared a list of questions you should be asking, andshould get satisfactory answers to before investing.1. Has your lawyer studied the contract, discussed itcompletely with you, and do you both approve it withoutreservations?2. Does the require you to take any steps which areeither illegal or even border on illegal, or are otherwisequestionable or unwise in your county or city?3. Does the give you an exclusive territory for thelength of the period, or can the franchiser sell asecond or third in your territory?4. Is this franchiser connected in any way with any otherfranchise company handling similar products or services?5. If you answered yes to the above question, what is yourprotection against the second franchising company?6. Under what circumstances can you end the contract,and at what cost to you?7. If you sell your franchise, will you be compensated for yourgoodwill or will it be lost to you?8. How many years has the firm offering you the been inoperation?9. Does the company offering you this have a reputationfor honesty and fair dealing among its franchisees?10. Has the franchiser shown you any certified figures indicatingexact net profits of one or more of its members, and have youpersonally checked the figures with these people?11. Will the franchiser assist you with:a) A management
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