Question: I am currently working as an accountant but I am looking to buy a franchise in the hospitality industry (a cafe). What should you look for before making a commitment to purchase a business? What can I do to minimise the risk?
Answer: I am not sure whether you are considering buying the franchise as an investment or whether you intend to be actively involved in running the business. In either case you would first need to do your due diligence on the business you are considering. As you are an accountant you should have a pretty good idea on how to check the financial viability and financial history of the company and in coming to a reasonable valuation of it. So I will not spend further time on these themes.
You will need to assess the likely future earnings from the business and whether these represent an attractive rate of return on the funds you will be committing to it. Read more.
Dunkin Donuts – How to open a Franchise
How to open a Dunkin’ Donuts Franchise In case you hadn’t noticed, Dunkin Donuts is on fire lately. They are opening stores it seems everywhere and delivering up some of the best tasting donuts and coffee in the world. Founded in 1950, Dunkin’ Donuts is America’s favorite all-day, everyday stop for coffee and baked goods. […]
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Motiply Mobile App Business
Make Money – Start a MOBILE APP Business Mobile websites are hot and in demand like never before thanks to the explosion of mobile devices such as smartphones and tablets. Businesses are paying BIG money for mobile website and app design and now YOU can get a piece of the action! The With our training […]