: Determine the industry, lifestyle, and day-to-day role you want (e.g., hands-on owner-operator vs. semi-absentee manager).
: Litigation and bankruptcy history of the franchisor.
: Use tools like Franchise Business Review or attend franchise expos to compare different models. 2. The Franchise Disclosure Document (FDD)
: Calculate your total available capital. This must cover not just the initial franchise fee, but also site build-outs, inventory, and several months of operating capital.
: Breakdown of all initial and ongoing fees, such as royalties and marketing contributions.
: Determine the industry, lifestyle, and day-to-day role you want (e.g., hands-on owner-operator vs. semi-absentee manager).
: Litigation and bankruptcy history of the franchisor.
: Use tools like Franchise Business Review or attend franchise expos to compare different models. 2. The Franchise Disclosure Document (FDD)
: Calculate your total available capital. This must cover not just the initial franchise fee, but also site build-outs, inventory, and several months of operating capital.
: Breakdown of all initial and ongoing fees, such as royalties and marketing contributions.