20 Questions to Ask Before Buying a Franchise
By Akhil Shahani, an EO Mumbai member and director of The Shahani Group
If you are contemplating buying your own franchise, you are sure to have myriad questions running around in your mind begging for answers. To ease your mind and to give you control during the decision-making process, we’ve prepared a checklist of 20 questions that you have to get the answers to before making the big leap:
- How long has the company been in existence before it started franchising? Was it specifically set up to franchise?
- What is the company’s financial position? You should check accounts for at least the last three years. Can you get trade or bank references?