Franchising Library
Questions to Ask Franchisors on Your Initial Discussion
Your first conversation with a franchisor can be intimidating.
Here’s 10 questions that’ll give you a good perspective on how the brand looks at their business. Have these in your back pocket so you don’t get tongue-tied.
What should I know about joining your franchise system?
What are the strengths of the franchise?
Where do you see the franchise system in 5 years and what steps are being taken to reach that goal?
Please provide a breakdown of all of the expenses associated with getting started: Startup, Marketing, Operations
What does your training program look like?
What ongoing training do you offer?
Is there an advertising fund that I must contribute to?
Do you provide resources to assist with financing, real estate and construction?
Has there been any litigation?
What happens when I want to retire or sell my business?