Buy A Franchise

There are conflicting opinions as to whether franchises tend to be more successful than independent small businesses, but this much is clear: Franchises are expensive to buy, carry the same risks as any startup business and require plenty of sweat equity to make them profitable.

Financing a franchise comes with a significant amount of responsibility and costs. Like any small business, you will need to draft a detailed business plan and research the industry and the franchise before opening your doors.

How do you know if you're getting a good deal? Put aside your emotions and dreams for a moment and take a hard look at the franchise opportunity. Consider the following evaluation checkpoints...

Buying a franchise is an option considered by corporate employees experiencing downsizing or unfavorable work conditions. Before you take the leap, your About.com Guide for Small Business Information has assembled the pros and cons of buying a franchise.

Franchising is an excellent plan for some small businesses, particularly those whose distinctive business models can be easily duplicated and scaled. Curious whether or not your own small business could serve as the model for a franchise? Read on to find out how to go about becoming a legally recognized franchisor.

The American Association of Franchisees and Dealers (AAFD) represents an organization with the mission to bring balance to franchisor and franchisees relationships. The overarching goal is to "Bringing Fairness to Franchising!" Learn more why over 12,000 franchised businesses have joined.

The Federal Trade Commission (FTC) franchise resource provides information to protect consumers. Learn all about scams, risks, rights and reforms. A must stop for any prospective franchise buyer.

Lectric Law Library has a solid article on buying a franchise. Includes questions to ask potential franchise companies and legal issues.

For over 40 years the International Franchise Association has assisted franchisors, franchisees and suppliers in the industry. The IFA's website provides a comprehensive source of news, events, opportunities and advice for new franchisees or franchisers. Stop by the education center for online courses and access the free "Franchising Basics: the Official IFA Course".

Buying a franchise requires due diligence. Review the UFOC of the companies you are considering. Save time instead of applying at multiple companies and buy over 10,000 UFOC's at Frandata for only $225 per document. Frandata, also provides competitive analysis reports.