. By law, each of the above must be provided at least 2 weeks prior to buy date ? *** Prepare a list of relevant questions prior to calling ? franchise ownership can be costly . Is Home Based Franchising for you ? NonTraditional This type of set up is customized between the franchisor and the franchisee . There is a continual rise in the number of franchises Area Development Franchising In accordance with a “development schedule”, the franchisee agrees to establish a predetermined number of “unit franchises” [...] . Conversely . ? . You are responsible for payment whether your business is profitable or not Additionally, many franchisor’s provide educational programs to franchisees before the inception of the business. . Often times, they’ve done demographic studies and other studies to ensure that you have greater odds of returning a profit ?Contact the franchisor’s franchisee’s listed in UFOC. . Consequently, it is critical that you investigate the franchise thoroughly prior to purchasing . Purchasing a franchise usually equates to a reduction in investment risks since the” system” and Franchise name is established, training and ongoing support is provided, market research has been conducted… It’s required by Law that prospective Franchisee’s are provided Comprehensive Disclosure, a copy of the franchisor’s Standard Franchise Agreement, Audited statements, a list of the names of all of the Franchisees, as well as a copy of all documents that require the franchisees’ signing
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