Business:Entrepreneurship
Episode 27: Buying a Franchise 101 (What You NEED to know BEFORE you Buy a Franchise)
2021-04-23
Charles N. Internicola and Nick Powills of FRANX talk about what you need to know about buying a franchise including:
1. If Buying a Franchise is Right (or Wrong) for You
- Franchise Ownership vs. Entrepreneurship
- Difference between buying an individual unit vs. multi-unit ownership
2. Franchise Buying Basics
- Where to Find Franchise Opportunities
- Franchise Brokers
- the FDD
- the Franchise Agreement
- the Process
3. What to look for in a Franchise
- Start with the FDD
- Item 19 Financial Performance Representations
- Unit Level Economics
- Franchisee Validation
- Leadership Team and Purpose
4. Plus Factors to Look for
5. Warning Signs to be Aware of
JOIN Franchise Growth Mastermind Community: https://www.facebook.com/groups/1464519290241259
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