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I am a Business Broker and will advise everyone before you invest with any franchiseBe careful specially with

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Answers (2)
Fred Hensley
New Beginnings Franchise Consulting, Inc
Franchise Consultant/Broker
Denton County, TX

You identified the problem Parvesh, you didn't talk to your attorney! How could you invest $25K, review a giant legal document like a Franchise Disclosure Document and sign a contract without consulting an attorney? Don't blame the franchise or the concept of franchising -- blame the person that didn't perform due diligence!

I always advise my clients to talk to an attorney and CPA at the very least before spending a penny. I even offer 1 hour of free consultation to all my clients with an experienced franchise attorney and CPA. You should have worked with a franchise broker. I doubt you would have lost $25K. And franchise brokers are paid by the franchisors so it wouldn't have cost anything.

Dec 2, 2010
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it is true and i can prove.there are lots of victims like me.i lost my $25,000.00saving which i gave them deposit.never got it back because i did not discussed with my attorney as i trusted them.watch out

Dec 1, 2010

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