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Some Franchise System “Characteristics” to Consider When Buying a Franchise
If you are considering the Purchase of a Franchise you need to clearly identify and understand the benefit of becoming a Franchisee. As with every business decision and opportunity there are "benefits" and "risks". Typically one motivation for becoming a Franchisee relates to the perceived benefit that you will be investing in a "tested" and "proven" business concept. However not all Franchise systems are "tested" nor "proven". So, before investing in a Franchise you must do your research.When evaluating potential Franchise opportunities some "Franchisor Characteristics" to evaluate and consider, include:
- Whether or not the Franchisors business concept and business plan is clearly identified;
- The Franchisors commitment to the Franchisee;
- Whether or not the Franchisors trademarks are developed and recognized in the marketplace;
- Whether or not existing Franchisees are satisfied and profitable.
For more information on buying a franchise receive a copy of "An Entrepreneurs Guide to Purchasing a Business or Franchise" written by Franchise Lawyer Charles N Internicola, Esq.
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. Further you acknowledge that any and all citations to cases and statutes must be independently verified by competent legal counsel to be current and to be accurate. The content of this website is subject to the Copyright of its author and owner, Charles N. Internicola, Esq.
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Franchisee Services:
- What is a Protected Territory When Buying a Franchise?
- What is a Frachise Disclosure Document?
- What is the Purpose of an FDD?