Questions To Ask The Franchisor To Help You Assess Their Franchise Opportunity

WhichFranchise:

Here are some questions you might like to ask. Please bear in mind that there are many types of franchises and you may have to tailor these questions to suit the specific franchise you are enquiring about.

* Will you supply me with a breakdown of all costs necessary to open the business?

* Are there any other costs I can expect to be asked for?

* Do I have to pay a deposit or upfront payment, and if I do not proceed will I lose my deposit or any part of it?

* How much working capital do you think I need, and what help can you give me in estimating my projections?

* How long will it take to start trading from the time I sign the contract?

* What will training consist of and how long will it last and are all training costs included in my franchise fee?

* What is my expected break even and how long should it take me to reach this figure?

* Do you charge ongoing franchise fees and if so what are they and how are they calculated?

* Do I have to contribute to any other costs such as advertising and promotional expenditure that you incur, if so how much?

* What help, if any, will I receive if I want to do some advertising and promotion on my own?

More question here.