Buying a franchise, IS A FULL INVESTIGATIVE PROCESS.
Do your homework, you should research profusely before you drop a penny. There're a lot of scams out there, seriously, there is a lot to analyze before signing and dropping a penny, and much less do not get wrapped up by their sweet verbiage or nice marketing, go and be well prepared to ask questions and you know, at the slightest hint of doubt you have two options: say thanks, but no thanks or get out of there as quickly as you can.
Here are at least a few questions you should ask
What is the history of your company and when your company was established?
Since when has your company been offered franchises?
WHY ARE YOU OFFERING FRANCHISES?
Is there a current franchisee I can speak with?
Could you provide me with your commercial references?
What are the costs associated with the store opening, support visits?
WHAT MAKES YOUR CONCEPT BETTER THAN THE COMPETITION?
Can you explain the training program & ongoing support, and the cost associated?
Can we see the marketing plan in place for the franchisees?
What is the assistance with the site selection?
DURING THE C-19, HOW HAVE YOU SUPPORTED YOUR FRANCHISES?
Can I see the FDD?
To which associations of franchises belong your company?
May I see the professional background of your executives and the ones who provide direct franchise field support?
IF YOU ARE DETERMINED TO BUY THE FRANCHISE OF YOUR DREAMS, GO AHEAD, BUT AT LEAST HAVE TWO GREAT AIDS ON HAND: A GOOD FRANCHISE LAWYER AND A FRANCHISE CONSULTANT, YOU WON'T REGRET IT!