Owning a franchise is unlike other forms of business owner. And no, not all franchises are the same. Let take a closer look.
Owning a franchise is unlike other forms of business owner.
Maybe you have already talked with the franchisor or other franchisees. Maybe you have attended discovery day. You know that franchising is a unique business model. Unlike independent business ownership, as a franchisee:
- You operate under an established trademarked name and portfolio of ready-made branding.
- You receive initial training on how to operate your business
- You become part of the franchisee community with on-going support
But, there may be other considerations. Franchise ownership may bring unwanted limitations. Unlike typical business ownership,
- The length of business ownership may be cut short by defaults or renewal conditions
- You may be limited on where you can buy your products/equipment or what services you may offered and where you can do business.
- You may have costs and expenses beyond the normal and customary business costs.
- Your obligations when the franchise relationship ends may limit your professional or business options
Not all franchises are the same.
Each franchise has different risks and benfits. Franchise models are not all the same. Franchises may vary in
- Initial, on-going, and incidental fees charged
- The support, strength, and viability of the franchisor and its franchise community
- The rights and obligations under the franchise agreement
- The opportunities afforded to franchisees
Determining which franchise opportunity is right you can be an arduous process. The franchise disclosure document contains important information you need to make the right decision. The federally mandated franchise disclosure document contains the answers you need to know. But, shifting through the volumes of page to uncover the pertinent information can be challenging.
That is why we develop the Prospective Franchise Review. We have read, reviewed, and yes, even written franchise agreements and franchise disclosures documents. Via our Prospective Franchise Review we give you the tools you need. We distill down the pertinent information. We put it in an easy to understand format. And, we present to you in a personalized interactive consultation. Post the Prospective franchise Review, you will have an in-depth report about how your franchise compares to other franchise opportunities. You will know how your franchise measures up to industry standards. You will recognize the risks and benefits that your prospective opportunity offers.
Want more information about buying a franchising and evaluating your franchise opportunity? Click on the links below:
- Learn the franchise lingo
- 3 people you should talk to before buying a franchise.
- Do your homework!
- Franchising: truth or myth?
Have a question or want to schedule a consultation? Complete the form below.
Our Prospective Franchise Review serve is offered a reasonable flat fee rate!