Some rules are recommended to follow when considering the purchase of franchising:
It is necessary to know the conditions of the market, which will act franchising. Even if the firm-seller has a good reputation as a whole, local market conditions may not fully reflect the concept proposed to her business.
You need to know their future competitors. The number of firms in the industry in the area where you want to open the franchising may be a factor decisive success or failure of the business.
It is necessary to know the possibilities of business financing. On the ability to obtain financing may depend on the existence of the business. Owner franchising to be for many years to return to borrow and in his best interest to know who - the bank or firm-seller - gives the best financing terms.
You need to know the specific area where this will act franchising. Closing or opening of transport corridor, construction of houses or businesses, income or social portrait of the population of the region are also factors that determine the fate of the business.
It is necessary to find out - whether justified asking price franchising. To do this, the entrepreneur must know the size of the expected profit; any rights, privileges and territory he gets when buying franchising; how stable position of the company, the seller, which should support the franchising throughout the entire period of its existence.
