Before buying a Franchise

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Questions to ask before buying a Franchise 76 due diligence questions. This white paper is a preview. Get the full white paper here: https://duediligencequestions.com/franchise.asp for 4,95 USD. Copyright notice This white paper and its content is copyright of DueDiligenceQuestions.com. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit the content.

Top questions

1. How experienced is the franchise owner?
2. How much training and help will the franchise owner provide?
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In general

7. What makes this franchise special and unique compared to other franchise alternatives?
8. What makes you like this Franchise over other franchises?
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About you

10. A franchise is typically dictated by standard operating procedures and specific rules that need to be followed for the franchise owner to ensure uniformity in the product. Does your personality type match this type of day-to-day operations?
11. Buying a franchise will take a lot of your time - especially in the beginning. Do you have the support of your family to invest this time?
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The investment

14. Does the franchise owner require that you make an initial investment? If yes:
15. -How much is the amount?
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Franchise owner

25. What guidelines are provided by the franchise owner?
26. Does the franchise owner offer any financing? If yes:
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Competition

31. Are there other direct competitors from the same franchise in the area?
32. Are there other competitors from similar franchises in the area?
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The product

35. What are the profit margins?
36. What product generates the most revenue?
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Location

41. Do you or the franchise owner decide on the location?

42. What considerations have gone into selecting the location?
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Day-to-day operations

50. Who does the bookkeeping?
51. Who controls the cashflow?
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Exit

56. If one day you want to do something else or retire, how does that work?
57. Can you sell the franchise to others or does that require the franchise owners approval?
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Other questions

60. Have you talked to other franchisees? If yes:
61. -What are they saying?
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