? Have you STUDIED the franchiser’s Comprehensive Disclosure
? Have you STUDIED the franchiser’s Comprehensive Disclosure Statement It’s required by Law that prospective Franchisee’s are provided Comprehensive Disclosure, a copy of the franchisor’s Standard Franchise Agreement, Audited statements, a list of the names of all of the Franchisees, as well as a copy of all documents that require the franchisees’ signing. ? This is likely [...] . Further, they perform regular interviews with both franchisees as well as with franchisors Major Franchise Types ? . Other programs are less restrictive and allow for the usage of both a trade name in addition to the franchisor’s brand name Unit Franchising Is the most simple type of franchise in which the Franchisor grants the franchisee the right to operate a single operation at a specified location or within a particular territory. . Purchasing a franchise usually equates to a reduction in investment risks since the” system” and Franchise name is established, training and ongoing support is provided, market research has been conducted… ? There’s a benefit to purchasing a franchise that is well known ? By law, each of the above must be provided at least 2 weeks prior to buy date ? Area Development Franchising In accordance with a “development schedule”, the franchisee agrees to establish a predetermined number of “unit franchises” within a particular territory . Considerations when buying a franchise ? Will the franchisor provide ongoing education and support
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