Franchise Information A Consumer Guide to Buying a Franchise

Articles - Franchise Info

Page 3 of 6

Your Ability to Operate the Business Sometimes, franchise systems fail. Will you be able to operate your outlet even if the franchisor goes out of business? Will you need the franchisor's ongoing training, advertising, or other assistance to succeed? Will you have access to the same or other suppliers? Could you conduct the business alone if you must lay off personnel to cut costs? Name Recognition A primary reason for purchasing a franchise is the right to associate with the company's name. The more widely recognized the name, the more likely it will draw customers who know its products or services. Therefore, before purchasing a franchise, consider:

The company's name and how widely recognized it is. -- If it has a registered trademark.
How long the franchisor has been in operation.
If the company has a reputation for quality products or services.
If consumers have filed complaints against the franchise with the Better Business Bureau or a local consumer protection agency.

Training and Support Servcies Another reason for purchasing a franchise is to obtain support from the franchisor. What training and ongoing support does the franchisor provide? How does their training compare with the training for typical workers in the industry? Could you compete with others who have more formal training? What backgrounds do the current franchise owners have? Do they have prior technical backgrounds or special training that helps them succeed? Do you have a similar background? Franchisor's Experience Many franchisors operate well-established companies with years of experience both in selling goods or services and in managing a franchise system. Some franchisors started by operating their own business. There is no guarantee, however, that a successful entrepreneur can successfully manage a franchise system.

Carefully consider how long the franchisor has managed a franchise system. Do you feel comfortable with the franchisor's expertise? If franchisors have little experience in managing a chain of franchises, their promises of guidance, training, and other support may be unreliable.

Growth A growing franchise system increases the franchisor's name recognition and may enable you to attract customers. Growth alone does not ensure successful franchisees; a company that grows too quickly may not be able to support its franchisees with all the promised support services. Make sure the franchisor has sufficient financial assets and staff to support the franchisees.

Shopping at a Franchise Exposition

Attending a franchise exposition allows you to view and compare a variety of franchise possibilities. Keep in mind that exhibitors at the exposition primarily want to sell their franchise systems. Be cautious of salespersons who are interested in selling a franchise that you are not interested in.

Before you attend, research what type of franchise best suits your investment limitations, experience, and goals. When you attend, comparison shop for the opportunity that best suits your needs and ask questions.

Know How Much You Can Invest An exhibitor may tell you how much you can afford to invest or that you can't afford to pass up this opportunity. Before beginning to explore investment options, consider the amount you feel comfortable investing and the maximum amount you can afford. Know What Type of Business is Right for You An exhibitor may attempt to convince you that an opportunity is perfect for you. Only you can make that determination. Consider the industry that interests you before selecting a specific franchise system. Ask yourself the following questions:

Have you considered working in that industry before?
Can you see yourself engaged in that line of work for the next twenty years?

Do you have the necessary background or skills? If the industry does not appeal to you or you are not suited to work in that industry, do not allow an exhibitor to convince you otherwise. Spend your time focusing on those industries that offer a more realistic opportunity.
<< Start < Prev 1 2 3 4 5 6 Next > End >>

Information Request Form

Please fill out the short form below to request more information on this opportunity.

Submitting this form creates no obligation upon you, it is only a request for additional franchise/business opportunity information.

*Required Fields Have Red Stars

*First Name:
*Last Name:
*Email Address:
*Home Phone:		- -
Work Phone:		- -
Cell Phone:		- -
Mailing Address:
*City:
*State:
*Zip:
Best Time to Call:

*Net Worth: (USD)

*Capital to Invest: (USD)

*Preferred Location:

*Willing to Relocate?

*I'm Looking For A:

*Timeframe to Invest:

1-3 months
3-6 months

Security Check:

Can't read the text?
Try another.

*Enter security Code:

I would like a representative to call me at their earliest convenience.

I would like information on related franchise opportunities.

Please keep me up to date on the latest franchise news.

Please Double Check Your Email Address and Phone Number Before Submitting.

At USFranchiseNews.com, our goal is to provide you with a wide variety of possible franchise and business opportunities. By submitting your information, you agree to the terms of our Privacy Policy.

Latest Articles

Franchise and Business Opportunities How can I find out about complaints against a company? State Offices Administering Business Opportunity Disclosure Laws Franchise Info: How do I know what must be included in a disclosure document or offering circular? Franchise Information A Consumer Guide to Buying a Franchise Franchise Opportunity - 5 Considerations Franchise owners have stake in and enjoy help as part of larger entity Covenants Not To Compete: Another Franchise Quandary Franchises Offer Shortcuts, But Not Control Franchise eases transition to business owner


International Franchise Association	Canadian Franchise Association	Irish Franchise Association	Small Business Administration	SCORE	Franchise Recruiters, LTD

Franchise Information A Consumer Guide to Buying a Franchise

Shopping at a Franchise Exposition

Information Request Form

Related Items

Latest Articles