10 Questions You Must Ask Before Entering Into A Franchise Agreement

Franchise businesses are one of many ways in which commercial law allows someone who has money to invest, to start a business. Some of the most recognisable business names in the world are run on a franchise basis such as McDonald’s, KFC, Subway, and Hertz. Beyond these global giants which require an upfront investment of hundreds of thousands of dollars, there are thousands of smaller franchise opportunities that can be purchased for a lot less.

However, simply because a franchise opportunity does not cost a six-figure sum to get started, it does not mean that every one of them is the right choice for you. even Small franchises will set you back a sizable sum, so you must ensure that before you make your final decision to invest, that you carry out several checks on the franchise. In particular, there are ten questions to which you want answers from lawyers before signing on the dotted line.

What Is The Success Rate Of Franchisees?

Probably the first question you need answering is how well are the current franchisees are doing and what is their success rate. If you can, speak to the current franchisees yourself to learn of their experiences thus far with the franchise.

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