Over the past 20 years, we have matched more than 2000 buyers with franchisors, with a high success rate.
10 Important Questions for would be Franchisors |
| 1. |
Do you have a track record in the business to be franchised? |
| 2. |
Is your business reproducible (and not unique to one
specific location)? |
| 3. |
Can the knowledge of your business be transferred? |
| 4. |
Do you have or can we build a secure and committed
supply chain? |
| 5. |
Does the concept have longevity? |
| 6. |
Is there a pool of suitable Franchisees? |
| 7. |
Are there suitable sites available at feasible prices? |
| 8. |
Does the Franchisor and Support Staff have strong people and communication
skills? |
| 9. |
Do you have realistic expectations in regards to growth
and resources required? |
| 10. |
Does the Franchisor have the legal right and framework to operate a Franchise
System? |
| Click Here to view
Franchise Developments' Consulting Services |
10 Important Questions for would be Franchisees
Having the backing of a proven business system and an experienced Franchisor takes a lot of fear out
of becoming a small business owner. However, not everyone is suited to franchising,
and even the best Franchisor can only do so much to help.
Think about the following statements and respond to them honestly. |
| 1. |
I have the motivation and drive to build and run my own business |
|
| 2. |
I am physically fit enough to run my own business |
|
| 3. |
I have skills and experience that I believe could contribute to running
my own business |
|
| 4. |
I would find it easy to stick to a franchise system even if I thought I
knew better |
|
| 5. |
I enjoy being part of a team |
|
| 6. |
I am good at motivating other people |
|
| 7. |
I enjoy ongoing learning |
|
| 8. |
I am good at marketing and promotion |
|
| 9. |
I understand the importance of customer service |
|
| 10. |
I have access to enough money to buy a business and cover running costs
for the first three months |
|
| |
| Click Here to find
out how Franchise Developments can assist you in answering these questions |
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