DC Strategy News Room

Here we have step four of our Buying a Franchising series. Once you’ve received the information from the franchisor, your next step should be to speak to existing franchisees from within the franchise model. There is perhaps no more telling test of a franchise system than to speak with a range of current franchisees. The validation of the franchise system by the current franchisees is a key test of the success of a franchised network.

Continuing with our series on Buying a Franchise, this is step three. Now that you’ve set your financial limits and asked some very important questions you need to submit an application to the franchisor.

This is part two of our Buying a Franchise series. This step of the process is focused on asking questions in order to assist you in reducing your list of potential franchises down to a manageable level – it is impractical to move too far with more than three or four franchises in mind.

This post marks the first step of our nine steps on buying a franchise. Assuming you have an open mind on the particular type of franchised business you would like to operate, the two key considerations in buying a franchise are:

Buying a franchise is a big investment – For many people it will be the second biggest investment of their life, after buying a house.