Buying into a big franchise system: pros and cons

Most people equate franchising with well-known names: McDonald’s, 7-Eleven, Dunkin’ Donuts, Supercuts, the list goes on. These big franchise systems have advantages and disadvantages when it comes to the franchisee role. When exploring franchise opportunities, be sure to ponder these pros and cons. Benefits of a big franchise system When evaluating franchise opportunities, you’re looking…

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Franchise Resale: Should You Buy an Existing Franchise Unit?

Considering franchise ownership? If you’re truly looking to hit the ground running, you might want to consider looking at a franchise resale. Here’s are some things to consider when evaluating an existing franchise operation. Questions to Ask First, evaluate the franchisor. Examine the FDD. Talk to the corporate staff. Conduct due diligence by speaking with existing…

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