10 Tips for Franchise Buyers

How to Buy a Traditional or Online Franchise

Choose a field you really like. It’s even

better if you even have experience in this

area.

Tip 1

Consider new opportunities and industry

trends, like a high-tech online franchise. Being

the new, different business can help you gain

customers.

If you choose a newer niche market, this can

sometimes help keep your advertising costs

low due to less competition.

Tip 2

Select a profitable location. You don’t want

high rent, but you do want lots of

customers.

Tip 3

Unless you are an attorney or accounting

professional, review your franchise

contract with one.

Tip 4

Find out from other franchisees what their

experiences have been with the company

with which you want to invest.

Tip 5

Are there lots of lawsuits between

franchisees and the franchisor?

Tip 6

Learn as much as you possibly can about

the franchise you plan to invest with -

before you make your investment. This

includes meeting people face to face.

Tip 7

As you review franchise information, do

you find it easy to understand and

comfortable or confusing or unorganized?

Tip 8

Are the royalties fair? If you don’t know,

compare with with the royalties of similar

businesses.

Tip 9

Is franchising new to you? Don’t be afraid

to get help. Franchise Consultants can

help guide you so you can avoid common

mistakes.

Tip 10

www.InternetFranchiseCenter.com

Information on online franchises

you can start: