Buying a franchise is a big decision – and there’s a lot to consider before venturing down this path. This tool can help you evaluate franchise systems, understand what questions to ask as you assess your options and determine if becoming a franchise owner is the right fit for you.
As you go through the questions in this tool, your answers will be presented to you at the end along with tips to help you move forward on your franchising journey. You’ll also be able to export and print out your evaluation, so that you can refer back to it another time.
Buying a franchise is a significant investment – both personally and financially. The questions below will help you understand if you're ready for the commitment that comes with being a franchise owner.
When you’re considering buying a franchise, it’s important to learn everything you can about a franchisor and the franchise system. Every franchise operation is different, so if you’re looking at buying more than one franchise, it’s a good idea to complete this section separately for each franchise you’re looking to buy.
Engaging franchisees within the current franchise system is an important step in your upfront research. Speaking with other franchise owners will allow you to learn about their experiences, gain a sense for how successful they are and help you evaluate your own potential success.
If you’re looking at buying more than one franchise, it’s a good idea to complete this section separately for each franchise you’re looking to buy.