Before You Buy Any Franchise - Read This

Always exercise care when checking out a franchise.

Large franchise businesses such as Wendy's, McDonald's and KFC are always popular with many (but not all) of them "booming".

The people setting up franchise ideas and businesses know a good thing, and are really promoting the idea. Franchises for just about every conceivable kind of business are being sold in ever increasing numbers around the world.

Some franchises are very good. They treat both the franchisor and the franchisee very well. Others however are very one-sided. Still others are almost total rip-offs that trap unsuspecting investors into paying 10 to 20 times the actual value of the business idea, equipment, or whatever it is they are trying to get new owners to buy.

Before putting money into a franchise, make sure you fully investigate everything.

Here is a list of questions you need to ask and receive satisfactory answers to before investing.

  1. Lawyer - Has your lawyer studied the franchise agreement, discussed it completely with you, and do you both approve of it without reservations?

  2. Legal -...

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