By Gordon Clark
Purchasing a franchise is a vital determination. This consultant takes the reader via all of the elements had to arrive at a choice. With franchises, anyone enjoys a few of the merits of a longtime company, resembling a attempted and validated services or products, a suite of tested operational guidance and mostly, a great suggestion of even if the layout will paintings in a selected zone or place. although, it is going with out asserting choice to go into right into a franchise isn't taken frivolously. This publication will help in the method of getting to know.
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Additional info for A Straightforward Guide to Buying a Franchise: Changing Your Life with a Business That is Right for You
Having said this, you need to look carefully at the brand you are buying in to. Some franchises may have a proven business model but the brand may not yet be embedded in the public’s mind. Ongoing support Many first time franchisees choose franchising because of the ongoing support and guidance available. There are big advantages in having regular advice to keep you going in the right direction. The level of support will vary but many franchisors will not only provide on-the-job training but also assist in lead generation, accounting and start-up costs.
Chapter 4 Searching For the Right Franchise and Asking The Right Questions Where can you find details of franchises for sale? If you want to start a franchise, or are thinking of doing so, the first thing to do is to contact the franchisor direct. There are a number of ways to do this, the most convenient being the internet. As mentioned in the previous chapters, there are numerous sites with details of those companies that offer franchises. Many of the best known brands don’t need to advertise that heavily as they will receive many enquiries directly from the public.
In the next chapter, we will look at how you go about raising finance to fund the purchase of a franchise and what questions the banks will have, plus also look at the business plan that you will be expected to formulate to back up your requests for finance. Now read a summary of the main points from Chapter 4 overleaf. *************** Main points from Chapter 4 Searching For the Right Franchise and Asking The Right Questions ■ If you want to start a franchise, or are thinking of doing so, the first thing to do is to contact the franchisor direct.