BizSugar.com › Franchises › I’m Considering Buying a Franchise. What Do I Need to Know?

Last week's article focused on some basic considerations for prospective franchisors. In turn, this week's article focuses on considerations for prospective franchisees.

Franchising is unique in its involvement of both courtship and critical evaluation by recruiting franchisors. However, the franchisors are not the only ones who need to carefully examine their prospective franchise relationships. Before entering into any franchise relationship, it is also critical for prospective franchisees to undertake a thorough due diligence investigation of the potential franchise opportunity. The following are some basic "dos and don'ts" for prospective franchisees.