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cxjCXQ107
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Posted: Mon 9:24, 23 May 2011 Post subject: A Checklist apt Evaluate a Franchise Considering S |
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No stuff what franchise industry is beneath consideration,[link widoczny dla zalogowanych], evalute the franchises with answers to these questions:
This tread, distant more than any others,[link widoczny dla zalogowanych], is one that the latent franchisees have to take on his or her own. Yes, franchise advisers can assist alley down message on some of these topics, but making the decision of which franchise to elect afterward falls to the franchisee.
With replies to these questions in hand, its easier to contrast -- and to make sure the best chance is chosen.
How old is the company? How many years did it go as an neutral commerce ahead offering franchise business for bargain?How many franchisees are there in the system? What variety of franchises do they attempt?How many franchisees have left the system? Why?What is the franchise fee and what does it cover? (Don't make a decision solely on the cheapest; know what the franchise fee covers as well.)How many multi-unit franchisees does it own? (This can be a huge signal that franchisees have worked one franchise and found success.)How many company-owned channels are there?Who are the human backward the management of the franchise business for sale offers?What are their qualifications?Are there whichever legal cases pending against them?How many cases have the franchisor and franchisees fought with each other? (Again,[link widoczny dla zalogowanych], an space that absences more reconnaissance. Don't deduct a franchisor that may have had suits against it; there are two sides to every story, so inquire questions if this area brings concern.)What exercising does the franchisor provide?What is the on-going advocate?What is the mark location of the company?Does it invest protected territory?What is the territory size?Where are raw substances sourced? Do franchisees have the aptitude to select their own suppliers?Does the designated supplier provide any discounts?Does the franchisor offer monetary assistance?Does the franchisor provide real possession support?What is the marketing support?How many employees are needed?What worker recruitment is offered?Who ambition catch on the warranty and bonds of employees (especially in service sectors such for senior attention or maid service)?What is the vision of the company?What is the royalty fare?What is the advertisement cost?What namely the sale blueprint and how much liberty do franchisees must mall above their own? Is there a fund as regional marketing exertions?How many annuals is the franchise agreement for?
Selecting the right franchise opporunity is the franchisee's first shot by success. Pick one that is troubled, or has grown also rapid to sustain itself and distress follows. But pick one that's up-and-coming, that's got the proven systems and plans in location, and the hereafter looks much brighter.
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