Buying an existing franchiseQuestion What questions do we need to ask before buying an existing franchise? What do we need to look for in the company itself?
Answer These should keep you busy for a while:
Get ALL of the franchise documentation your seller has and signed. Why does he/she want to sell. Last 3 years, and the interim financial statements. What is the phone number of a contact person at the frachisor, whom you will ask: What terms between your seller and the franchisor will extend to you. What are the names and numbers of other franchisees that you can call. Are there new terms and documents that you will have to sign and agree to.  © 2007, Small Business Network, Inc., All Rights Reserved.
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