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Steps to consider while buying franchise

  • Choosing the Right Franchise. You should choose a franchise you have an interest in​ or an industry in which you have past experience
  • Deciding What Franchise You Can Afford. Look out for investment option and cost involved in owning up the franchise
  • After you have decided on a franchise, the next step is to investigate the company. Take your time and investigate the company thoroughly.
  • If not able to decide the particular company, study industry segments and decide based on choosing recession resistant segments
  • After your initial phase and the submission of a qualification questionnaire, the franchisor will typically provide you with its Franchisor Disclosure Document
  • The best source of information for any franchise system is the existing franchisees. Contact franchisees and ask them all about the business
  • Visit the franchisor. it's a vital check-and-balance to make sure you are completely comfortable and confident in the company you are about to enter
  • Make your decision in your ultimate step if it matches financial resources, uses your particular skills and experience

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