Questions to be considered before setting up a franchise

Those questions are extracted from information posted on 'L'Indicateur de la Franchise' website. For more questions and above all advice to find the answers, go to the France website: www.lindicateurdelafranchise.fr.

1) Before taking a further interest in franchise, ask yourself questions like:

• Do you have the financial means to buy a franchise?
• Do you have the makings of an entrepreneur?
• Are you ready to become a franchise holder?
• Are your relatives prepared for you to be engaged in a franchise?
• In case you already have a location available: is it suitable to the franchise you are going to join?
• Why are you opting for a franchise?

2)Try to avoid bad franchises

You have to check : The coherence between initiation fees and the presumed profitability
The coherence between the royalties and services offered
The coherence between the network development and its maturity
The coherence between the contract and what you are expecting for
That there is a real profitability and that you will earn your living!

3 ) Questions to ask to the franchisor

• The product
  
• The funds
  
• The franchise
  
• The market
  
• The product and franchise competition
  
  Be sure to have a good relationship with the franchisors as well as with the PAs.

4 ) Ask questions to franchise holders:

• In your setting up area
• In the same situation as you
• To new and old franchise holders

Do not hesitate to use the questions in our surveys

However, the key to success is You!
Be sure to have the makings of an entrepreneur, with the franchise holder profile, added to a passion for trading, and you will be on the way to success!

Good luck!
We send you all our best success wishes in your franchise business!