Franchise Matching Network In London Canada
Franchise information is essential for making an informed decision about your financial future. The Financial Disclosure Document is an all-important research tool, and you have a right to request it before you sign anything or pay any earnest money or entrance fees.
Review the franchisor's Financial Disclosure Document, and keep an eye out for the following information:
- Contact phone numbers for current and previous franchisees--you'll want to call at least one investor and find out if she is satisfied with the business relationship
- Lawsuits due to breach of contract or product failures
- Projected earnings, keeping in mind this figure may not account for overhead such as lease agreements, payroll and insurance fees and operating costs
- Training programs, fees and on-going education programs
- Bankruptcies declared by executives
- Royalty fees and monthly expenses
- Supplier expectations--do you need to purchase products and services from the company or can you seek competitive pricing from outside vendors?
Where to Find Information on Franchises for Sale
You can find franchises for sale online by cold calling business in your area or by working with a Consulting Service. An online directory is a great place to start, but you may need insider information to make an informed decision. Cold calling is time consuming and often involves verbal agreements, which can be difficult to enforce. Many consultants offer their services for free. The franchisor pays a finder's fee for locating valued investors.
Match Point Network is a small business consulting service that offers free online consultations. To find out more, send an email to Match Point.