20 Things You Need to Know Before You Buy a Small Franchise Business

The things that you need to know include answers to those questions that we hear most frequently from potential small franchise business buyers as well as answers to several questions that should be asked, but often are overlooked. Just click on any question to view that video.

1.  Should a Small Franchise Business Buyer use a Franchise Consultant?

2 .  Do I have what it takes to run a successful small franchise business?

3.  How much money do I need to start a successful small franchise business?

4.  Where can I find financial assistance to start a small franchise business?

5.  What guidelines should I follow when applying for a loan to start a small franchise business?

6.  Why should I buy a small franchise business rather than starting my own business?

7.  What are the most successful small franchises today?

8.  How do I select the best small franchise for me?

9.  What are the most critical questions that I should ask the franchisor?

10.  Is buying a small franchise a wise investment in this economy?

11.  How will owning a small franchise business affect my lifestyle?

12.  What experience is needed to meet franchise licensing and market requirements?

13.  How long will it take to ramp up a small franchise business before it is making money?

14.  How large is the assigned territory, how is it determined, and what is its relative potential?

15.  What factors are most important in making my small franchise business successful?

16.  What ongoing support will the franchisor provide?

17.  How is the Franchise Consultant Paid?

18.  What differentiates one franchise consultant from another?

19.  How do I negotiate the best franchise fee?

20.  When is the best time for the small franchise buyer to contact a franchise consultant?

Click on any question above to view the video answer.

We hope that you enjoy the series and find it as helpful as we intend it to be. Please give us your feedback, and let us know if you have additional important questions that you would like us to answer.