Franchise Due Dilligence - 18 Questions To Ask Existing Franchisees
- How long have you been with the Franchise?
- What made you choose the (INSERT NAME) franchise?
- What is your current monthly revenue?
- How long did it take you to make a profit or when are you forecasted to?
- What was your forecasted break even point and what is it in reality?
- Are you paying a monthly management fee or commission? If so How much?
- Did the training course meet or exceed your expectations?
- Was there anything you thought was missing from the training?
- Did you feel that the training course provided you with tools that were not in the public domain - i.e standard books e.t.c
- Did you have the legal contract checked out? If so what were the comments?
- Did you have any changes to the contract made?
- Did you pay the full list price for your licence and training?
- How do you feel about the franchise business?
- How is your relationship with the management staff at the franchise?
- Are you aware of any disputes within the franchise? If so can you give details.
- Are you satisfied with the marketing the franchisor provides?
- Have you ever gained clients/customers as a result of the franchisors marketing efforts?
- Knowing what you know now, would you buy the franchise again?
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