1. Franchise have proven / profitable. Franchise have built along time ago. This is very important, becouse there are some Business Opportunity (BO, not same as Franchise) that has just begun, trying to develop business opportunities on behalf of the franchise
2. You should know business prospects for future. Make sure the business is not a seasonal business, that is the business could survive and grow in the future.
3. Find various competitive advantage and uniqeness of the franchise. It is important to anticipate the competition with similar businesses.
4. You can also visit the head office directly to confirm whether a franchise / BO can be trusted or not. This is important whether franchisor ready to commit to supporting franchisee business in the future. And see also franchise organizations, systems, human resources, facilities, etc..
5. You should better take the time to visit the prototype of the franchisor outlets, to get to know the business better such as customer service, product, see the number of visitors, business location or product displays, etc
6. Investigate the franchie and their partners who had walked. See outlets and predict the level of sales outlets.
7. Find also characters of franchise owner to ensure their commitment in running a franchise business in the long term.
Hope this article can help prospective franchisees in deciding to buy a franchise business. Do not believe at all the financial projections that given from franchisor. 'Investigate Before Investing', the first step in your successful franchise business. Welcome to Business!
source : majalah info franchise