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My friend is trying to buy a franchise for cleaning either in Florida or Indiana, what do we need to know to g

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Hello!

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May 31, 2017
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If you're considering a franchise business and are potentially looking for a business partner, you can check out FindFranchisePartners.com, a web portal to find US business partners for franchises. You can register and post for free. Good luck.

Apr 25, 2013
Paul E
Front Line Plans
Business Plans for Entrepreneurs
Westchester County, NY

Not sure what the rest of the question was,,but here's my thoughts.

Juan,

I've been around many franchises.

Always start with the franchise disclosure document (FDD) or formerly UFOC. This includes the franchise agreement.
Read it…..it’s tedious but important. Even if the language is legalistic you’ll get an idea of what’s going on. Remember, no matter what the sales guy says it is the CONTRACT that rules.
Look at the chart of opened and closed units. Do contact some random franchisees, not just the ones they lead you to. Visit one or more if you can or at least do a drive by. Try calling some of the closed ones and see why they failed ( but do keep in mind many closed units may be the fault of the owner).
Even a well known brand needs to be investigated (just ask some quizno’s owners about that).
Many franchises like to front load on fees and other requirements. IE: purchasing only their equipment or signage. Look at the upfront fee and continuing royalties.
Think if the franchise fee is really worth it…and the royalties. Do they have a strong marketing program that will drive you customers like Safelite Windsheild repair or Subway or are you on your own.
Finally do not count on the fact that it is a franchise for success. It will still be up to you.
Franchising is one of the best ways to get into business. Just have to know what you’re getting in to. A bad operator can ruin a good franchise but a good operator can’t always save a bad one.

Paul

May 3, 2012

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