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Which of the following statements about buying a franchise is most accurate?
Wiki User
∙ 12y ago
Before purchasing a franchise, the buyer should carefully evaluate the franchise, the franchisor, his or her own situation, and the nature of the market.
Wiki User
∙ 12y ago
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Where can one find information about buying a franchise business?
One can find information about buying a franchise business from the following sources: Franchise Direct, Chips Away, Entrepreneur, Business For Sale, Small Business Administration.
What are advantages of buying a franchise?
Being your own boss, and handling your own business from the top down.
Where can one find information on how to buy a franchise?
When looking for information on how to buy a franchise, it is best to start with the type of franchise you are interested in buying. The rules, requirements, and regulations will be different depending on if it is a food franchise or an automotive franchise. One should also check with a lawyer who specializes in business law in order to make sure that the process is followed correctly by the law.
Where can one find information about buying franchises?
Information is available about buying franchises from the Business section on the Federal Government website. More specific information can be acquired from the particular franchise.
What does the term franchise actually mean?
A franchise refers to a business model which is bought by someone who wants to use this idea rather than an original idea. For example buying a McDonald's franchise would allow you to set up a restaurant in this name and sell it's products as opposed to coming up with an original concept for a restaurant.
Where can one find information about buying a franchise business?
One can find information about buying a franchise business from the following sources: Franchise Direct, Chips Away, Entrepreneur, Business For Sale, Small Business Administration.
What would be the costs of buying a hot topic franchise?
Hot topic does not franchise.
What needs to be done to buy a franchise?
Before buying a franchise, one should contact one's financial adviser and lawyer. An agreement must then be signed with the franchise corporation regarding specific rights of the franchise owner.
Which of the following could be considered a franchise?
No franchise names are given to chose from. With that said, buying a McDonald's franchise is a good bet. These are usually very profitable as the company takes care to make sure there is room for another fast food franchise.
Buying a Franchise?
form_title= Buying a Franchise form_header= Become a business owner when you buy a franchise. What type of franchise do you want to buy?*= _ [50] Have you ever owned a franchise before?*= () Yes () No Will you have a business partner?*= () Yes () No
What are the Advantages of being a franchise operator?
There are many advantages of being a franchise. The first advantage is that the people who are buying the franchise have a rather high chance of success. This is because when you are buying it you are buying an established company that has already being successful from other owners of the franchise. Another advantage is that you have traing and management back up and you do not need any previous experience. Also the products have been provided for you. Also as a franchise owner you are your own boss so you choose your hours that you work and have your own ideas. As a franchise, the investment risk may be lower and it is harder to fail.
What are the risks involved in buying a franchise?
1. Initial franchise costs 2. Outrageous royalty fees from franchise 3. Inflated raw material costs from franchise 4. Little or no financing for your franchise 5. Competition from other franchises 6. No room for creativity (complete control from franchise)
Where can I find information about buying a fitness franchise?
You can browse information on the Internet, and you can inquire about fitness stores, search for site franchises that are providing services. You can also talk to a franchise owner about buying a franchise.
What are some advantages of becoming involved in real estate franchise?
A real estate franchise can prepare you for the world of buying and selling real estate. If you choose to be an hourly employees in a franchise you will gain experience, and eventually be able to begin your own franchise.
How can one get the McDonald's FDD Franchise Disclosure Document?
There are a couple ways to obtain the McDonalds FDD Franchise Disclosure Document. Several online providers sell the McDonalds FDD for $220 to $250. Alternatively you can get a copy of the FDD at FranchiseComplaints.org or the Franchise Foundations website. As of 2015, the McDonalds FDD weighs in at 371 pages. The McDonalds FDD is a treasure-trove of information that includes investment figures for buying a McDonalds franchise, financial performance of McDonalds restaurants operating at three different sales volumes, audited financial statements, a list of McDonalds franchise owners, a copy of the actual McDonalds franchise agreement and much more.
How will you save money by buying a franchise?
You can save money by getting a volume discount on your products.
What are some things to consider in buying a fast food franchise?
There are several factors to consider when thinking about buying a fast food franchise. The location is of paramount importance. Think about the type of food already available in the area and consider how much capital will be required.
